FRISS Claims Analytics

FRISS

Claims Analytics

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Revolutionize your claims verification process

Elevate claims management by providing claims adjusters with advanced analytics and real-time insights to swiftly identify and combat fraud. Enhance efficiency, reduce losses, and ensure accurate claims processing for a seamless and secure insurance claims experience. Embark on a journey towards reduced loss ratios and increased profitability.

Put honest claims on a fast track

66% Decrease in Claims Handling Time

Our AI-Powered Insurance Fraud Detection software automatically detects suspicious claims, reveals networks, and discovers hidden patterns. Safely automate your processes, while leveraging transparent predictive models and text mining.

Your benefits:

• Direct bottom line savings
• Real-time actionable claim insights

75% Reduction in False Positives

Use automated fraud detection in your claims processes to reduce the number of false positives and score your claims in real time. Immediately reduce your number of referrals to SIU, process honest claims instantly, and increase customer satisfaction at the same time.

Your benefits:

• Reduce false positives
• Enable a frictionless customer experience

Increase Fast-Tracked Claims to 90%

Pay out genuine claims faster to improve your end-to-end customer experience. Mitigate risks with uniform and data-driven screening to maximize accuracy. Automatically detect suspicious claims. Safely enable straight-through processing.

Your benefits:

• Proactive claims monitoring
• Customer-centric workflow enablement

$9.2 Million in Fraud Savings Annually

Automatically and consistently screen policies and prospects against your risk appetite. Establish straight-through processing by integrating seamlessly into Guidewire, Sapiens, Duck Creek, or any other core system with minimal impact on your IT team.

Your benefits:

• Low risk, high impact onboarding
• Instant value, reduced total cost of ownership

Don't take our word for it, hear what insurance leaders are saying:

By separating claims with low risk of fraud on a fast track, it standardizes and further speeds up claims screening at greater accuracy.

Blair Turnbull
CEO
Tower Insurance

Thanks to FRISS, we realized a total fraud savings of $21million within the first 2 years of being live, and increased our fraud savings per investigator from $550.000 to $2million.

Irene Reihs
Project Leader
UNIQA

Reduce your claims leakage. Improve your customer experience.

Real-time
fraud detection
P&C insurance
knowledge
Proven insurance
track record
Seamless core system integrations

Discover what FRISS can do for you

Find out how FRISS can help you deliver more honest outcomes throughout your policy lifecycle.

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