Automates fraud detection for property and casualty insurers worldwide
Fintech · Utrecht · Founded 2006
What is being written
What they build
FRISS provides a Trust Automation platform designed for Property and Casualty (P&C) insurance carriers to manage risk throughout the entire policy lifecycle. The company's software-as-a-service solutions help automate risk assessment processes that occur during customer interactions, such as policy requests, renewals, and claims. By analyzing these interactions for trustworthiness, the platform flags high-risk cases involving misrepresentation or fraud for further investigation by the insurer. This automation is intended to streamline operations, allowing honest customers to receive a faster, smoother experience while enabling carriers to maintain integrity and reduce losses. FRISS aims to support honest insurance for everyone by focusing on the detection and prevention of fraudulent activities across underwriting and claims processes. The platform is utilized by over 300 implementations globally, contributing to more efficient claim adjusting and more effective case handling for its clients.
The people behind it
Who believes in them
FRISS raised €59.4M in total. The latest known round is Series B (2024).
Who works with them
Where they are
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