FRISS: Trust Automation for P&C Insurance
FRISS helps P&C insurance companies automate the screening of policy applications and claims. It is designed for carriers looking to support digital workflows in underwriting and fraud detection.
At a glance
- Category
- Finance & Accounting
- Best for
- P&C Insurance Carriers, Underwriting Teams, Claims Adjustment Departments, Special Investigation Units (SIU), Insurance Compliance Officers
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Automating Policy Underwriting, Fraud Detection in Claims, Managing Special Investigations, Compliance Monitoring
- Integrations
- Guidewire, Sapiens, Duck Creek
- Official website
- friss.com
FRISS is a SaaS platform designed for Property & Casualty (P&C) insurance carriers to support risk assessment. The tool focuses on trust automation, analyzing policy requests, renewals, and claims to identify high-risk cases or potential fraud in real time.
The platform is intended for underwriters, claims adjusters, special investigators, and compliance professionals. It provides modules for underwriting analytics to support acceptances and claims analytics to identify suspicious behavior.
Additionally, FRISS supports the investigation process through a dedicated module for special investigation units and includes KYC compliance screening for AML and CDD requirements.
Buyers should confirm how the platform's scoring aligns with their internal risk appetite and verify that their specific core insurance system is supported for integration.
Key Features
Provides real-time risk assessment for policy applications to support the acceptance of low-risk customers.
Uses AI-powered fraud detection and predictive analytics to screen claims for suspicious patterns.
Supports special investigation units with structured and confidential fact building for flagged claims.
Provides tools for AML and CDD screening to support regulatory compliance.
Designed to connect with insurance core systems such as Guidewire, Sapiens, and Duck Creek.
Use Cases
Screening new policy applications in real time to help low-risk customers be accepted.
Analyzing claims to flag potential fraud and identify suspicious networks.
Using the investigations module to build cases and verify trust for claims flagged by the system.
Running KYC and AML screenings during the customer onboarding process.
Best For
Integrations
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
FRISS supports risk assessment throughout the policy lifecycle, offering real-time analytics for underwriting and AI-powered fraud detection for claims.
The platform is designed for P&C insurers, including underwriters, claims adjusters, special investigators, and compliance professionals.
Yes, the platform is designed to integrate with core systems including Guidewire, Sapiens, and Duck Creek.
It uses predictive analytics and text mining to screen claims, flagging suspicious behavior and identifying hidden patterns.
Source category: Finance & Accounting
Source subcategory: Analytics & Reporting
