Toronto, ON (Apr. 15, 2021) – Canadian home and auto insurance provider Onlia has partnered with FRISS, an AI-powered fraud and risk solution company, to better service customers. Through this partnership Onlia is now able to digitize risk assessment improving the company’s underwriting, fraud alerts and claims processing.
“At Onlia, our goal is to simplify insurance for the customer,” said Pieter Louter, CEO of Onlia. “Working with FRISS we are able to unlock the power of predictive analysis to assess risk in real time. With this innovation, we can legitimize claims faster and improve the overall customer experience.”
Onlia seeks partners in innovation and digital transformation to help advance the category and bring greater savings to the end customer. By using artificial intelligence and big data to help analyze risk Onlia can further reduce costs and better service its customers.
“As a leader in insure-tech in Canada, Onlia has grown in a short amount of time. I’m blown away by their capabilities already and can’t wait to further support their journey responsibly,” said Jeroen Morrenhof, CEO and Co-Founder of FRISS.
Onlia Holding Inc. (Onlia) is a provincially regulated, fully-digital provider of home and auto insurance and safe-driving app in Ontario. Onlia’s mission to create a safer Canada is supported by its range of flexible, convenient and affordable insurance products and prevention-first approach that rewards customers for safe behaviour. Launched in 2018, Onlia is a joint venture between Achmea Canada Holding Inc., a wholly owned subsidiary of Achmea B.V. the largest insurance group of the Netherlands, and Fairfax Financial Holdings Limited, a Canadian holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. For more information, visit Onlia.ca.
FRISS is 100% focused on automated fraud and risk detection for P&C insurance companies worldwide. Their AI-powered detection solutions for underwriting, claims and SIU help 200+ insurers grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 4 months, realize up to 10 times ROI and 80% increase in straight through processing of policy application and claims. FRISS solutions help lower loss ratios, enable profitable portfolio growth, and improve the customer experience. For more information, please visit FRISS.com.
Source: FRISSTags: digitization, fraud, FRISS, Onlia, partnership