FRISS provides fraud detection and risk mitigation solutions for non-life insurance companies. The company offers fraud detections solutions for claims, unwriting, and compliance services of insurance players. FRISS helps insurers to improve their combined ratio in order to achieve profitable portfolio growth and enhance the perception in the market as a trustworthy insurer. It aims to make this score the global standard for honest insurance.
PRODUCTS & SERVICES:
Fraud, risk management, and compliance services for insurance players.
FRISS claims that the platform is used by 132 insurers in 26 countries. (Dec. 2017)
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The company is planning to use its funds to strengthen FRISS solutions and further facilitate the anti-fraud community by enabling cross-carrier and cross-border cooperation between insurers. (Dec. 2017)