Consistently screen all claims within seconds. Pay out trustworthy claims faster, improve referrals, catch fraud. Reduce your loss ratio and improve service to your sincere customers.
Vendor
FRISS
Company Website
Revolutionize your claims verification process
Elevate claims management by providing claims adjusters with advanced analytics and real-time insights to swiftly identify and combat fraud. Enhance efficiency, reduce losses, and ensure accurate claims processing for a seamless and secure insurance claims experience. Embark on a journey towards reduced loss ratios and increased profitability.
Put honest claims on a fast track
66% Decrease in Claims Handling Time
Our AI-Powered Insurance Fraud Detection software automatically detects suspicious claims, reveals networks, and discovers hidden patterns. Safely automate your processes, while leveraging transparent predictive models and text mining. Your benefits:
- Direct bottom line savings
- Real-time actionable claim insights
75% Reduction in False Positives
Use automated fraud detection in your claims processes to reduce the number of false positives and score your claims in real time. Immediately reduce your number of referrals to SIU, process honest claims instantly, and increase customer satisfaction at the same time. Your benefits:
- Reduce false positives
- Enable a frictionless customer experience
Increase Fast-Tracked Claims to 90%
Pay out genuine claims faster to improve your end-to-end customer experience. Mitigate risks with uniform and data-driven screening to maximize accuracy. Automatically detect suspicious claims. Safely enable straight-through processing. Your benefits:
- Proactive claims monitoring
- Customer-centric workflow enablement
$9.2 Million in Fraud Savings Annually
Automatically and consistently screen policies and prospects according to your risk appetite. Establish a straight- through process by integrating seamlessly into Guidewire, Sapiens, Duck Creek, and any other core system with a minimal impact on resources from your IT department. Your benefits:
- Low risk, high impact onboarding
- Instant value, reduced total cost of ownership