The Netherlands
FRISS stands out as an innovator in the insurance tech industry with its pioneering TRUST AUTOMATION Platform targeting P&C Insurers. Founded in 2006 and headquartered in The Netherlands, the company leverages advanced AI technologies to offer its platform, which provides real-time, data-driven scores and insights to assess and manage risks across the insurance value chain.
The platform's core feature, the FRISS Score, integrates text mining, machine learning, predictive models, and network analysis, ensuring comprehensive risk assessment. This AI-powered tool is complemented by over 15 years of industry experience, effectively enhancing straight-through processing, risk identification, and customer satisfaction.
FRISS secured a notable $65.00M Series B investment in July 2021, led by investors Accel-KKR and Aquiline Capital Partners. This influx of capital underscores confidence in their innovative approach to reducing fraud and improving risk management for insurers.
