Established InsurTech joins top insurance companies and industry leaders in the fight against fraud
Washington, DC & Utrecht, Netherlands (May 7, 2019) – FRISS, the leading provider of AI-powered fraud and risk analytics for the P&C insurance industry, announced today their partnership with the Coalition Against Insurance Fraud. Established in 2006, FRISS has been helping insurers across the globe identify and fight insurance fraud. As their presence is expanding in North America, the choice to join the coalition was clear.
“The Coalition Against Insurance Fraud is driven by their values: inclusion, integrity, leadership, collaboration and expertise,” noted FRISS co-founder and CEO Jeroen Morrenhof. “These values are directly in line with ours at FRISS. We work every day, in close collaboration with our partners, to ensure fraudulent activity doesn’t hurt the insurance industry and their customers. We’re excited to join forces to help make insurance more honest and improve the experience insurance companies offer their customers.”
The Coalition also works to bring awareness to the effects fraud has on the industry and those who rely on insurance to allow them to take on everyday risks.
“The experience and expertise FRISS has from implementing their fraud solution over 150 times will be instrumental to our discussions,” said Coalition Executive Director Dennis Jay. “We work best when we work together. The coalition brings key leaders to the table – insurance companies, academic institutions, consumer advocacy groups, government agencies and more. FRISS’ deep roots helping the P&C industry understand and identify fraud will be invaluable as both the industry and those who seek to defraud it evolve in the digital age.”
FRISS will join the other 190 member-organizations of the Coalition Against Insurance Fraud in key discussions regarding the state of the industry and plans to reduce the instances and costs related to insurance fraud.
About the Coalition Against Insurance Fraud
The Coalition Against Insurance Fraud is America’s only anti-fraud alliance speaking for consumers, insurance companies, government agencies and others. Through its unique work, the Coalition empowers consumers to fight back, helps fraud fighters better detect this crime and deters more people from committing fraud. The Coalition supports this mission with a large and continually expanding armory of practical tools: Information, research & data, services and insight as a leading voice of the anti-fraud community. Learn more at insurancefraud.org.
FRISS has a 100% focus on automated fraud and risk detection for P&C insurance companies worldwide. Their AI-powered detection solutions for underwriting, claims and SIU help over 150 insurers grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 6 months, with fixed price projects, and realize an ROI within 12 months. Their solutions help lower the loss ratio, enable profitable portfolio growth, and improve the customer experience. Learn more at FRISS.com.
Source: FRISSTags: Coalition Against Insurance Fraud, fraud, FRISS