FRISS Launches Claims Analytics Accelerator for Guidewire Cloud
FRISS Accelerator for Claims Analytics for Guidewire Cloud
Mason, OH (Nov. 7, 2023) – FRISS, a world leading provider of trust automation solutions for P&C insurers and Guidewire PartnerConnect Solution partner, is pleased to announce the launch of the FRISS Accelerator for Claims Analytics for ClaimCenter Cloud. The accelerator leverages the latest capabilities of the Guidewire Cloud Integration Framework, and is now available in the Guidewire Marketplace to ClaimCenter users on Guidewire Cloud.
The insurance industry operates in a world where customer loyalty is awarded to those who can deliver the best experience. Trust is of vital importance. But insurers cannot simply underwrite every policy and pay every claim – at least not right away. They need to do their research, and they need to do it instantaneously. FRISS’s Accelerator for Claims Analytics for ClaimCenter Cloud is built to automate and support this challenge.
FRISS’s sophisticated, real-time accelerator uses a wide variety of powerful AI techniques, internal and 3rd-party data, network analytics, and risk and fraud indicators to consistently analyze claims. It promptly flags suspicious claims and allows for trustworthy claims to go on a fast track, all directly within ClaimCenter.
The seamlessly integrated accelerator displays fraud and risk screenings at multiple predefined stages as well as further configurable stages of a claim’s workflow within ClaimCenter. The predefined stages are when:
- The FNOL enters ClaimCenter;
- A change occurs in a claim or its related details;
- Additional data is added to the claim;
- An exposure is created, closed, or re-opened; and
- On-demand at any moment desired by the adjuster.
”Congratulations to FRISS on the release of their newest integration for Guidewire Cloud,” said Will Murphy, Vice President, Global Solution Alliances, Guidewire. “FRISS’s Accelerator for Claims Analytics for ClaimCenter Cloud brings FRISS capabilities and insights directly into ClaimCenter, improving the adjuster and customer experience.”
“Knowing you can trust the data presented when handling a claim, keeps insurers in control of their processes,” says Bas de Graaf, Partner Manager at FRISS. “With all the data available today, insurers need to rely on technology to make their work easier and more productive. FRISS’ seamless integrations into PolicyCenter and ClaimCenter support the end-to-end policy lifecycle. The new accelerator is a next step that specifically helps claims adjusters reduce claim leakage and improves the customer experience. This enables insurers to focus on delivering fast and reliable services.”
About FRISS
FRISS is 100% focused on automated fraud, risk and compliance solutions for P&C insurance companies worldwide. Their AI-powered solutions are available for Underwriting, Claims, and SIU, offering support for full end-to-end digital processing.
With over 300 implementations across more than 40 countries, FRISS is seen as a trusted advisor, guaranteeing a safe digital transformation for all of their customers, and unique tailoring of solutions to fit their specific needs. Carriers can expect a seamless integration and products that provide a quick time to value (TTV).
Now, with $65 Million from their Series B funding round in 2021, FRISS will be able to continue offering their customers state-of-the-art technology to guide carriers through an ever-changing fraud landscape.
For more information, visit FRISS.com.
About Guidewire Software
Guidewire (NYSE: GWRE) is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and machine learning to deliver our platform as a cloud service. More than 540 insurers in 40 countries, from new ventures to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,600+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.
For more information, please visit www.guidewire.com.
Source: FRISS
Tags: analytics, Artificial Intelligence (AI), claims, Cloud, FRISS, Guidewire, InsurTech, InsurTech Spotlight, launch