FRISS offers a Trust Automation platform designed for Property & Casualty (P&C) Insurers. The platform aims to automate trust throughout the entire policy lifecycle, helping carriers understand the inherent risks of all customer interactions in real-time.
Key Features and Use Cases:
- Underwriting: Accelerate policy writing, ensure consistency and impartiality, and identify high-risk applications using advanced, real-time analytics and data points. This ensures only honest customers enter the book of business.
- Claims: Efficiently screen all claims within seconds to expedite payments for trustworthy claims, enhance referrals, and detect fraud. This leads to a reduced loss ratio and improved service for sincere customers.
- Investigations: Provides structured and confidential fact-building capabilities to verify trust or uncover suspicious behavior for flagged claims. Learnings from investigations can be shared to improve underwriting and claims processes.
FRISS boasts proven results from over 300 implementations, including 90% faster underwriting, 50% more efficient claim adjusting, and 3X more effective case handling, with an average client rating of 8.9.
