Trending...
- Sea Tales Strengthens U.S. Leadership Team as Retail Expansion Accelerates
- Robert DeMaio, Phinge CEO to Speak at 30th IIPLA 2026 on Securing IP, User Data & Digital Sovereignty via Verified App-less Tech. Attend the Live Q&A!
- MainConcept Easy Video API Extends Full Transcoding to Arm and NETINT VPUs
CHICAGO--(BUSINESS WIRE)--In the aftermath of a challenging 2020, FRISS is proud to announce they had a record year. The demand to modernize insurance processes has been felt industry-wide, and FRISS has become the recognized leading provider of automated fraud detection and prevention solutions, now seen as requirements in this digital age. FRISS has seen massive expansion in key markets including the United States, Canada and Latin America.
"You can't process millions of policies, renewals and claims in a fully automated way unless you have some sort of safety mechanism in place," remarked FRISS CEO and Co-founder Jeroen Morrenhof. "Carriers can now instantly accept new policies and pay out claims in a split second with the confidence that they are legitimate and compliant. At the same time, they can stop high risk applications and fraudulent claims instantaneously, realizing a significant financial impact and passing along deserved savings to their customers."
Forced modernization was an industry theme for 2020. While there were many struggles, for FRISS, the year was not all bad:
Most importantly, FRISS has helped the industry save over $1B in fraudulent policy applications and claims payments. With this enhanced level of trust, carriers have been able to redirect their time and money toward what matters most – providing value to their customers.
More on illi News
"In a single year the industry saw the transformation we thought would take five to ten years," Jeroen notes. "We're proud to do our little part in making the world a more honest place through safe digital transformation, and we're thankful this year – more than ever – that we're not on this journey alone."
About FRISS
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 helps 175+ 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 www.friss.com.
"You can't process millions of policies, renewals and claims in a fully automated way unless you have some sort of safety mechanism in place," remarked FRISS CEO and Co-founder Jeroen Morrenhof. "Carriers can now instantly accept new policies and pay out claims in a split second with the confidence that they are legitimate and compliant. At the same time, they can stop high risk applications and fraudulent claims instantaneously, realizing a significant financial impact and passing along deserved savings to their customers."
Forced modernization was an industry theme for 2020. While there were many struggles, for FRISS, the year was not all bad:
- 16 new carriers added to the FRISS family
- 17 new product releases, including updated fraud schemes
- 8.9/10 customer satisfaction rating
- 58% revenue growth
- 193,624 push-ups done during our virtual bootcamps
Most importantly, FRISS has helped the industry save over $1B in fraudulent policy applications and claims payments. With this enhanced level of trust, carriers have been able to redirect their time and money toward what matters most – providing value to their customers.
More on illi News
- Shelter Structures America makes European debut at TEMPOR EXPO 2026 in Fulda, Germany
- Chicago Author Launches a Movement to Protect Human Thought in the Age of AI
- MAZ6R CLAN & Riviera Marketing: 9/11, 25 - Years Later - "A Creative Response to Tragedy!"
- CodeAutomation Expands U.S. Footprint to Meet Growing Demand for AI and Automation Solutions
- HydroExcavation.com Relaunches With Exclusive Local Service Areas and Dedicated Hydrovac Manufacturer Directory
"In a single year the industry saw the transformation we thought would take five to ten years," Jeroen notes. "We're proud to do our little part in making the world a more honest place through safe digital transformation, and we're thankful this year – more than ever – that we're not on this journey alone."
About FRISS
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 helps 175+ 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 www.friss.com.
Filed Under: Business
0 Comments
Latest on illi News
- French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood
- Quinceañera Expo Chicago November 1, 2026, Bringing Inspiration, Fashion and Quinceañera Plan
- Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
- Chicago: Mayor Brandon Johnson, R2 Development Celebrate Grand Opening of The Bellwether, First Completed Office to Residential Conversion in The Loop
- Chicago: Mayor Brandon Johnson, DFSS Launch Disaster Relief Assistance Program for People Who Faced Financial Hardship Due to Severe Storms in 2023 and 2024
- Mayor Brandon Johnson, City Officials, and Community Leaders Outline Plans For Chicago's 2026 Mexican Independence Day Celebrations
- STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
- Howe & Hutton Closes; Jonathan T. Howe Transitions to Association Law Group LLC
- Naperville: Police Investigate Report of Gunshots
- Aerostratospheric Adds xAirship and Other Shop Test Units to Its xPrototypes Bench
- Firebox Encapsulator Introduces a New Approach to Fireplace Restoration
- Merlin's Pet Therapy Wrap Introduces a Versatile Approach to Hot and Cold Therapy for Dogs
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Patented NogginLOC Technology Offers an Innovative Approach to Helmet Fastening
- Mandeville Pests May Pose Serious Health Risks for Your Family
- City of Chicago Partners With Chicago River Swim to Re-Launch "The Big Jump," Expand Field to 750 Swimmers
- Mayor Brandon Johnson and Chicago Public Schools Extend Chicago Connected Program for 2026–27 School Year
- Hardwood Flooring vs Carpet Comparison: Premier Custom Hardwood Flooring Releases Ultimate Buyer's Guide