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FRISS Underwriting from FRISS
An AI-driven risk assessment solution that screens insurance applications in real-time to detect fraud and assess risk. It provides automated risk scoring, data enrichment, network analysis, and compliance checking to help underwriters make better decisions and improve portfolio quality.
Product analysis by function
Risk Assessment Platforms for Underwriting
Advanced analytical tools that evaluate complex risk factors using historical data, predictive modeling, and industry benchmarks. These platforms help underwriters make more accurate risk classifications and pricing decisions.
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Data Integration
(6 Yes /6 Known /10 Possible features)
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API Connectivity Support for connecting to third-party data providers and internal data systems via APIs. |
FRISS documentation and marketing specify API connectivity for integration with external data, CRM, core systems, etc. | |
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Batch File Upload Capability to upload large datasets in bulk for processing and analysis. |
FRISS supports batch file upload for onboarding and assessing large insurance portfolios. | |
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Real-Time Data Sync Continuous synchronization of data with external and internal systems. |
Described as real-time AI underwriting. Implies real-time data sync with external/internal sources. | |
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Data Source Flexibility Number of supported data sources (e.g., credit bureaus, telematics, social data). |
No information available | |
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Data Mapping Tools Drag-and-drop or wizard-based tools for mapping external datasets to internal standards. |
No information available | |
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Historical Data Import Ability to import and use historical datasets for trend analysis. |
The platform enables import of historical datasets for trends and fraud detection. | |
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Data Quality Checks Automated validation and cleansing routines to ensure data integrity. |
Supports data validation and cleaning to ensure integrity according to product docs. | |
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Integration Speed Average time required to implement a new data connection. |
No information available | |
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Data Encryption in Transit Ensures all transferred data is encrypted during transmission. |
FRISS is GDPR-compliant and states that it encrypts in-transit data. | |
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Custom Connector Support Ability to build custom connectors for unique data sources. |
No information available |
Risk Modeling & Analytics
(7 Yes /7 Known /10 Possible features)
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Predictive Modeling Built-in support for deploying and managing machine learning-based risk models. |
FRISS leverages AI and ML risk models for underwriting, per website and marketing material. | |
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Rule-Based Engines Tools allowing the creation of if/then logic and underwriting decision trees. |
Platform includes rule-based engines for fraud detection and risk scoring logic. | |
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Custom Model Training Support for custom model design, training, and adjustment within the platform. |
Supports custom model configuration and tuning according to client requirements. | |
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Model Library Pre-built risk models for common insurance lines (auto, health, property, etc.). |
No information available | |
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Real-Time Scoring Ability to process and score applications instantly during submission. |
Described as offering real-time scoring during submission for instant assessment. | |
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Explainability of Scores Provides clear reasons behind automated risk scores or decisions. |
Platform provides explainability for automated risk decisions (scorecards, rationales). | |
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Scenario Analysis Simulation tools for testing underwriting rules or model changes. |
Scenario/simulation tools present to test outcome of changes in rules/models. | |
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A/B Testing Capability to compare performance of different models or rules in parallel. |
No information available | |
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Model Performance Monitoring Continuous tracking of production model accuracy and drift. |
FRISS provides monitoring and alerting on drift and performance of production models. | |
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Model Update Frequency How often models can be updated and published to production. |
No information available |
User Experience & Usability
(8 Yes /8 Known /10 Possible features)
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Customizable Dashboards Personalized interface layouts tailored to different user roles. |
Personalized, customizable dashboards available for different user personas. | |
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Multi-language Support Support for multiple interface languages for global operations. |
No information available | |
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Role-Based Access Control User permissions based on roles to enforce security and workflow management. |
User and role-based permissions outlined for workflow and data security. | |
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Mobile Accessibility Ability to access platform features via a mobile device. |
Platform supports access via mobile browser/app for underwriters. | |
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Self-Service Reporting Empowers users to run and customize their own reports. |
Users can generate and customize reports themselves. | |
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Workflow Automation Automates repetitive tasks and notifications to streamline underwriting. |
Workflows, notifications, and repetitive tasks can be automated. | |
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Guided Application Processing Step-by-step wizards for consistent and efficient processing of applications. |
Guided application processing is referenced for underwriting efficiency. | |
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User Training Resources Built-in tutorials, help guides, and tooltips for onboarding and ongoing learning. |
Training documentation, onboarding guides, tooltips all included. | |
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User Custom Fields Allows addition and configuration of custom fields for data capture. |
System supports configuration of custom fields for client-specific data capture. | |
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Interface Response Speed Average interface action completion time. |
No information available |
Regulatory Compliance
(8 Yes /8 Known /10 Possible features)
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Audit Trail Automated logging of all changes to data, models, and rules. |
All risk, model, and underwriting decisions are logged for compliance. | |
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Regulatory Reporting Templates Built-in standardized reporting for major compliance regimes. |
No information available | |
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Data Retention Policies Configurable rules to control storage and deletion of sensitive information. |
Configurable data retention settings present in platform docs. | |
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Consent Management Captures and manages customer consent for data usage as required by law. |
Captures and manages consent for data processing, needed for EU market. | |
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Automated KYC Checks Performs Know Your Customer checks as per regulatory standards. |
Automated KYC included as part of compliance feature set. | |
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Sanctions List Screening Automatically checks applicants against global sanctions lists. |
Sanctions and PEP screening supported for fraud and compliance. | |
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Model Governance Controls Enforces versioning, validation, and documentation of models for auditability. |
Model controls for traceability and documentation per compliance standards. | |
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Configurable Jurisdiction Rules Underwriting logic adjustable based on local regulations. |
Business rules and workflow can be configured per jurisdiction. | |
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Privacy-by-Design Architected with privacy frameworks such as GDPR in mind. |
The company emphasizes GDPR compliance and privacy-by-design. | |
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Regulatory Update Notifications Alerts users to relevant regulatory changes affecting underwriting. |
No information available |
Security & Privacy
(7 Yes /7 Known /10 Possible features)
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Multi-Factor Authentication Requires a second level of authentication for user access. |
Multi-factor authentication supported for end-user security. | |
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Encryption at Rest Encrypted storage of all sensitive data in databases. |
Encryption at rest referenced in the security and compliance section. | |
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Role-Based Data Redaction Sensitive fields hidden from unauthorized users based on permissions. |
Granular role-based data redaction configurable in user permissions. | |
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Regular Vulnerability Scanning Platform undergoes periodic security assessments and scans. |
FRISS undergoes regular vulnerability audits/scans according to information security disclosures. | |
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Audit Logging Tracks and records all access and changes to key data and models. |
Audit logging for sensitive actions is stated and part of compliance offering. | |
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Data Masking Obscures sensitive information in test environments. |
No information available | |
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Granular Permission Controls Allows for detailed assignment of user and group permissions. |
System supports fine-grained access/permission configuration. | |
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Single Sign-On (SSO) Integrates with enterprise SSO providers for unified access management. |
Single sign-on (SSO) via SAML and enterprise identity providers available. | |
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Security Incident Response Time Average time to initiate response after detected security incident. |
No information available | |
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Third-Party Penetration Testing Engages external testers to assess security posture regularly. |
No information available |
Reporting & Business Intelligence
(8 Yes /8 Known /10 Possible features)
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Custom Report Builder Users can design tailored reports from platform data. |
Users can create custom reports from available data in the system. | |
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Pre-Defined KPI Dashboards Standard dashboards for underwriting metrics (e.g., loss ratio, approval rate). |
Standard pre-built KPI/insurance dashboards included for underwriters. | |
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Export Functionality Ability to export data or reports in multiple formats (CSV, PDF, XLSX). |
FRISS allows export of data and reports in multiple common formats. | |
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Scheduled Reports Automated generation and delivery of periodic reports. |
Scheduled and recurring report generation/distribution supported. | |
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Real-Time Analytics Live updates to dashboards as new data arrives. |
Dashboards support live, near real-time analytics view. | |
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Automated Alerts Notifies relevant stakeholders when certain thresholds are crossed. |
Threshold-based alerts for fraud, risk, and activity are configurable. | |
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Report Distribution Channels Number of integrated methods to share reports (email, API, portals). |
No information available | |
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Self-Service Data Visualization Interactive visual tools for ad-hoc analytics. |
Users can use interactive ad hoc reporting/visualization tools. | |
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Drill-Down Capability Ability to navigate from summary KPIs to underlying detail. |
Drill-down from dashboard KPIs to detail is supported. | |
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Data Refresh Frequency How often underlying analytics data is updated. |
No information available |
Automation & Decisioning
(7 Yes /7 Known /10 Possible features)
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Straight-Through Processing Automatically decisions low-risk cases without human intervention. |
Straight-through processing of low-risk cases is a highlighted use case. | |
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Automated Decline/Refer Rules Rules for instantly declining or routing high-risk cases for manual assessment. |
Platform supports automated decline and refer/case escalation rules for underwriters. | |
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Automated Document Collection Integration for requesting and ingesting required customer documents. |
Automated document collection and management available through platform integration. | |
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Bulk Decisioning Processes multiple applications simultaneously for batch efficiency. |
FRISS is used extensively in batch/bulk decisioning for renewals and books of business. | |
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Queue Management Dynamic assignment and prioritization of cases among underwriters. |
No information available | |
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PLand Decision Auditing Maintains decision logs for compliance and training. |
All decisions are logged and auditable for regulatory and training purposes. | |
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False Positive Reduction Algorithmic methods to minimize erroneous high-risk flags. |
FRISS advertises reduction of false positives as a key differentiator. | |
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Decision Throughput Rate Number of applications processed per hour. |
No information available | |
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Decision Time Average time for a decision to be made per application. |
No information available | |
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OFAC Screening Automation Automatically screens applicants for matches on OFAC lists. |
OFAC and other sanctions list screening is performed automatically. |
Third-Party Integration Ecosystem
(9 Yes /9 Known /10 Possible features)
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Core Insurance System Integration Connects with policy administration, billing, and claims systems. |
FRISS integrates with core insurance systems for data and decisioning. | |
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Partner Data Prefill Automatic population of application fields via third-party data APIs. |
Pre-fill and enrichment of data via partner APIs is offered (Partner Data Prefill). | |
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Claims System Connectivity Integrates with claims management systems for holistic risk assessment. |
Claims system connectivity available for fraud and risk information enrichment. | |
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BI Platform Export Exports analytics data to third-party BI tools. |
Supports export to BI platforms like Power BI, Tableau, etc. | |
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CRM System Integration Synchronizes data with Customer Relationship Management platforms. |
Integration with CRM systems (Salesforce, etc.) is available. | |
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Open Banking Integration Connects with open banking systems for financial data enrichment. |
FRISS advertising open banking integration, especially in EMEA markets. | |
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Marketplace Ecosystem Access Supports integration with app/plugin marketplaces. |
Platform has marketplace for plugins, scoring models, etc. | |
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Integration Setup Speed Average time required to complete a standard partner integration. |
No information available | |
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Webhook Support Ability to respond to and initiate webhooks for real-time sync. |
Webhooks for real-time syncs/triggers are documented. | |
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Robust API Documentation Comprehensive technical documents and code samples for developers. |
Developer documentation for APIs is robust and public. |
Configurability & Scalability
(6 Yes /6 Known /10 Possible features)
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Product Line Configurability Supports multiple lines of insurance with configurable rules and workflows. |
Product supports configuration for multiple lines of insurance with rules/workflows. | |
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Custom Field Support Easily add and manage custom data fields on applications or customer profiles. |
Custom fields and profiles are configurable in the platform. | |
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Localization Options Ability to localize workflows, text, and procedures for different regions. |
System supports localization for regional deployment. | |
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White-Labeling Allows branding customization to reflect corporate identity. |
No information available | |
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Business Rule Customization Enables non-IT staff to update and deploy business logic. |
Business rules can be created and updated by non-IT staff. | |
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Workflow Templates Provides starter templates to quickly implement new processes. |
No information available | |
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Concurrent User Capacity Maximum number of active users supported at once. |
No information available | |
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Data Storage Capacity Maximum supported data storage for documents and records. |
No information available | |
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Event-Driven Automation Trigger actions based on business events for scalability. |
Event-driven automation is used for scaling and workflow triggers. | |
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On-Demand Resource Scaling Platform can automatically increase resources during peak load. |
Cloud-native architecture supports on-demand resource scaling. |
Support, Maintenance & SLAs
(6 Yes /6 Known /10 Possible features)
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24/7 Technical Support Availability of round-the-clock support services. |
24/7 technical support mentioned in SLA/support sections. | |
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Dedicated Account Manager Provides a single point of contact for issue escalation. |
No information available | |
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Knowledge Base Self-service documentation and troubleshooting guides. |
Extensive knowledge base and self-service articles are available for users. | |
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Automated Patch Management Automatic deployment of updates and patches. |
Automated patch management for updates is referenced. | |
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Service Uptime Guarantee Agreed percentage of platform availability. |
No information available | |
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Incident Response Time Maximum time to respond to critical support tickets. |
No information available | |
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Release Notes Accessibility Transparent communication about new features and bug fixes. |
Release notes and updates are provided to users. | |
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Onboarding Support Structured onboarding process for new clients. |
FRISS offers structured onboarding support for new customers. | |
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Customer Feedback Tools Collects ongoing feedback for platform improvement. |
FRISS features in-platform feedback and improvement tools. | |
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Custom SLA Agreements Ability to define custom service level agreements. |
No information available |
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