FRISS

We're excited to share some interesting tidbits about the fascinating world of insurance. Often seen as dull, insurance is actually packed with intriguing history and surprising facts. Here are 6 fun facts that will change the way you see our industry, carefully selected for you by our colleague Kav Keshavarz: 1️⃣ Ancient Origins: Insurance is 4000 years old! Babylonian, Chinese, and Indian traders were the pioneers. 2️⃣ Fire of London: The devastating fire in 1666 spurred the modern insurance we know today. 3️⃣ Aussie Fire Service: Did you know Australian insurance companies fund 73.7% of NSW's Fire and Rescue budget? 4️⃣ Massive Market: The global insurance market is valued at over $5 trillion, covering every aspect of our lives. 5️⃣ Claims Paid: Insurers prefer paying claims over rejecting them. For example, 98% of car insurance claims in the UK are paid. 6️⃣ Fraud Impacts Everyone: Insurance fraud drives up premiums for all of us. In 2017, Australian insurers detected $280m worth of fraud! At FRISS, we're committed to making insurance smarter, safer, and more engaging. Do you have fun insurance stories or facts to share? Leave yours in the comments! https://lnkd.in/excJcbbt #Insurance #FRISS #FunFacts #IndustryInsights #FraudDetection

🔍 Unlocking the Power of KYC Compliance Screening for Insurers 🔍 We're excited to this new blog authored by our own Feiko Kloosterman, now live on Keylane's website. In a world increasingly challenged by fraud and financial crimes, KYC compliance screening stands as a crucial tool for insurers, extending far beyond regulatory requirements to become a cornerstone of business value. Key highlights: 🔹 Transforming KYC compliance from obligation to value 🔹 Advanced technologies revolutionizing screening 🔹 Building trust through robust compliance 🔹 The synergy between Keylane’s systems and FRISS’s solutions 🔗 Read the full blog: https://lnkd.in/dke2Y7GK Thank you Feiko Kloosterman for sharing your expertise! #Compliance #KYC #Insurance #FraudDetection #BusinessValue #Technology #Innovation #FRISS #Keylane

ExtraExtra - read all about it! In the latest newsletter you'll find: + How to balance innovation and regulation By: Steph Tutton + Leveraging GenAI in Insurance Fraud Investigations By: Christian van Leeuwen + How to prevent sophisticated car insurance fraud By: Dennis Potgieter , CFE #fraudprevention #insurance #trustautomation #genai #artificialintelligence

Exciting insights from Magdalena Ramada Sarasola, PhD WTW at Insurance Innovators Nordics! She shared fascinating trends in the insurance industry, highlighting how generative AI and machine learning are revolutionizing data extraction from unstructured sources. #Insurance #Innovation #AI #MachineLearning #FraudDetection #Data #FRISS #InsuranceInnovators

RISK has seamlessly integrated FRISS into their policy application process, allowing for essential screenings and providing "touchless trust" to their clients. Tony Dingemanse explains how this approach ensures that good customers are accepted instantly, enhancing the overall customer experience. By partnering with FRISS, RISK has achieved significant benefits: ✅ A reduced number of claims ✅ Improvement of its portfolio profitability ✅ Enabled real-time coverage decisions ✅ Better risk assessments with AI-driven flexibility Watch the video to learn more about our partnership with RISK. #Insurance #Insurtech #FraudDetection #Innovation #Partnership #FRISS #RISK

Check out the latest blog on Responsible AI by our Data Protection and Compliance Officer Steph Tutton. Discover how you can balance AI development with ethical guidelines and regulations to ensure safety and fairness. Highlights: Responsible AI principles:  Ethical AI, transparency, fairness, and how to stay accountable Regulation:  Importance of GDPR, EU AI Act, and more Balancing innovation:  How to innovate without killing creativity Pathways to responsible AI:  Collaboration, education, and ongoing monitoring. Read the full blog at: https://lnkd.in/eRJ-MUxU #ResponsibleAI #EthicalAI #Innovation #AI #DataPrivacy #Insurance

Thanks About Fraud for acknowledging us ❤️.   #FraudTech #FRISS #FraudSolutions #TechTrends #AboutFraud Ronald Praetsch PJ Rohall

Lots of fun, great weather, food and company during the annual BBQ at the FRISS office in the Netherlands Creative Valley. Thanks Rik Van Rooijen Femmine Roeleveld Klaas Bruinsma and the rest of the team for putting this together

We had a great encounter with Folksam's Johan Stolt at Insurance Innovators, an event proudly sponsored by FRISS. 🎉 In this quick video, Johan highlights the critical role of data quality in AI's effectiveness.   #Insurance #Innovation #AI #DataQuality #FRISS #InsuranceInnovators #TechTrends

In our latest bi-annual Fraud Report, we asked: What are the top three challenges in insurance fraud? Internal data quality remains a top concern, but the rise of AI brings new and significant threats. Discover how these challenges have evolved over the years in our new video. Don't forget to explore the 2024 edition of our fraud report for more insights: https://lnkd.in/eBMryQD7 Special thanks to Shane Riedman Verisk, Abi Potter Clough, CPCU, MBA and Jeroen Morrenhof for their collaboration. #InsuranceFraud #FraudReport #DataQuality #AI #InsurTech #RiskManagement #IndustryInsights #InsuranceChallenges