FRISS is a provider of analytics software for fraud, risk, and compliance for P&C insurers. Their solutions help insurers achieve profitable portfolio growth and improve their market perception as a trustworthy insurer. FRISS offers a complete solution for fraud, risk, and compliance, including risk assessment at underwriting, fraud detection at claims, and compliance with legislation and regulations.

FRISS

FRISS’s Trust Automation Platform provides real-time, data-driven scores and insights that give instant confidence and understanding of the inherent risks of all customers and interactions. Based on next-generation AI insurance technology, Trust Automation allows you to confidently manage trust throughout the insurance value chain – from the first quote all the way through claims and investigations when needed. Enable straight-through processing, automatically flag high risks and increase customer satisfaction.  

The real time FRISS Score is the core of our solutions and indicates the risk for each policy or claim. The AI-powered score combines Text Mining, Machine Learning, Predictive Models and Network Analysis with Expert Business Knowledge out of 15+ years of insurance experience, your specific business configuration, proprietary data and external data sources. It provides you a white box, holistic view on fraud and risks, which delivers you actionable insights so you stay in control.

Aquiline Technology Growth

BlackFin Capital Partners

Guidewire Software

Accel-KKR

Plug and Play Insurtech

🎬 Our colleague and subject expert, Martyn Griffiths, recently had the opportunity to share his expertise on case management solutions in an interview with Lindley Gooden, for Insurance Innovators TV.

Martyn talked about the features of a modern case management system that helps investigators do more with less.

Watch Martyn's insightful interview here: 
#insurance #insurtech #insuranceinsights

We are thrilled to announce a strategic collaboration with FIN-X, a renowned research initiative by the HU University of Applied Sciences Utrecht (Hogeschool Utrecht), focused on innovative technologies and responsible AI. 

"As we navigate the rapidly evolving landscape of AI in insurance, responsible innovation remains at the core of our mission. The collaboration with FIN-X represents a strategic partnership that will bring FRISS to new heights in ethical AI development, benefitting insurers and the industry as a whole." adds our Head of Data Science, Richard Bakker.

Read the whole press release here:
https://lnkd.in/edqqH3kn

#ai #insurance #insuranceinnovation #insuranceindustry

🤔 Did you know that insurance has a history dating back 4000 years? Babylonian, Chinese, and Indian traders were the pioneers in adopting insurance-style practices!

From the Great Fire of London influencing the creation of modern insurance to intriguing statistics about insurance fraud, here are 6 fun facts about insurance:
https://lnkd.in/excJcbbt

#trustautomation #insurance #insurtech #insuranceindustry

Let's kick off 2024 on a positive note! Are you excited to embrace the opportunities and challenges that lie ahead? 

#insurance #insurtech #trustautomation

🎇As we bid farewell to 2023, it's a moment of pride to reflect on the incredible milestones achieved by the FRISS marketing team:
Global Presence at 40+ Events
New Website Launch
FRAUDTalks in Buenos Aires
🤖10 000+ #chatgpt prompts generated, with more than a few hilarious jokes.

As we celebrate these achievements, we extend our heartfelt gratitude to our clients, partners, and the entire FRISS community for being an integral part of our success. Here's to an even more dynamic and impactful 2024! 🥂

#FRAUDTalks #insurance #insurtech #trustautomation
Ruud Van Gerwen, Solange Jungschleger, Paola Bellisimo, Stefaniia Lozenko, Ljiljana Ilovača, Naomi David, Marko M.

🎄 As the holiday season unfolds, it's the perfect time to express gratitude for the incredible journey we've shared this year.

A heartfelt thank you to our amazing partners, whose collaboration has been the bedrock of our success. Your trust and support inspire us to raise the bar and deliver excellence continuously.

To our exceptional team, your passion and hard work have been the driving force behind our accomplishments. 

Wishing you all a joyous holiday filled with warmth, laughter, and the company of loved ones. 🌟

An insightful and honest view of what it will take for "investigators to do more with less". NFU Mutual are pleased to have partnered with #FRISS for its fraud detection and case management systems, for end to end fraud prevention and better protection for our genuine customers against the harmful impacts of #fraud.

🏆 We are thrilled to share some remarkable milestones achieved by our incredible product team in 2023!  

23% Increase in Screening Efficiency
30% Boost in External Data Source Calls
2.3% Increase in Fraud Savings
☕ The amount of coffee consumed could fill a swimming pool.

In alignment with our values, we have also fully embraced the ethos of "Ethical AI Only." This commitment ensures that our technological advancements are guided by principles of fairness, transparency, and accountability, setting a benchmark for responsible innovation in the industry.
Richard Bakker #insurtech #insurance #insuranceindustry

Our CEO and Co-founder, Jeroen Morrenhof summarizes in this short video how our trust automation solutions help insurers distinguish who they can and who they cannot trust. 
Sapiens
#insurance #insurancefraud #insurtech

As we gear up for 2024, the insurance landscape is ever-evolving, presenting new challenges for carriers in effectively responding to fraud.

🤔 Question: What do you think will be carriers' biggest challenges in effectively responding to insurance fraud in 2024?

#insurtech #insurancefraud #insurance #trustautomation

msh id	COM:FRISS
symbol	-
name	FRISS
homepage url	https://friss.com
country	NL
sector	Insurtech
industry	Insurance Technology
market	PRIVATE
employee count	210
crunchbase url	https://www.crunchbase.com/organization/friss
linkedin url	https://www.linkedin.com/company/friss-software
founders	-

market cap	-
enterprise value	-
stage	-
raised capital	-
valuation	-

monthly webtraffic	-
monthly webtraffic growth	-
growth score 14	-
growth score 28	-
growth score 90	-
growth score 365	-

revenue ltm	-
gross profit ltm	-
ebitda ltm	-
net income ltm	-
revenue ntm	-
gross profit ntm	-
ebitda ntm	-
net income ntm	-

growth cost and expenses	-
growth cost of revenue	-
growth depreciation and amortization	-
growth ebitda	-
growth ebitda ratio	-
growth eps	-
growth eps diluted	-
growth general and administrative expenses	-
growth gross profit	-
growth gross profit ratio	-

COM:FRISS

FRISS

Company Information

Market Metrics

Web & Growth Metrics

LTM & NTM Metrics

Growth & Performance Metrics

Operating Metrics

Balance Sheet Metrics

Financial Metrics (2022-2026)

cost and expenses	-
cost of revenue	-
depreciation and amortization	-
ebitda	-
ebitda ratio	-
eps	-
eps diluted	-
operating expenses	-
operating income	-
operating income ratio	-

accounts receivables	-
capital expenditure	-
cash at beginning of period	-
cash at end of period	-
inventory	-
working capital ttm	-

	2022	2023	2024	2025	2026
Revenue Metrics
Revenue	-	-	-	-	-
Revenue Growth	-	-	-	-	-
Revenue Multiple	-	-	-	-	-
Profit Metrics
Gross Profit	-	-	-	-	-
Gross Profit Growth	-	-	-	-	-
Gross Profit Multiple	-	-	-	-	-
EBITDA Metrics
EBITDA	-	-	-	-	-
EBITDA Growth	-	-	-	-	-
EBITDA Multiple	-	-	-	-	-
Net Income Metrics
Net Income	-	-	-	-	-
Net Income Growth	-	-	-	-	-
Net Income Multiple	-	-	-	-	-