This partnership integrates Fadata’s robust INSIS platform with FRISS’s advanced compliance, risk assessment, and fraud detection capabilities. Together, they aim to deliver real-time compliance tools, streamlined underwriting processes, and AI-powered fraud detection to insurers, enabling automated identification of suspicious claims and risk-based underwriting decisions tailored to each insurer’s specific appetite.
The solution offers modular and customisable options, ensuring flexibility to meet the unique demands of diverse insurers in a rapidly evolving market. Key benefits include enhanced operational efficiency, reduced claim losses, accelerated digital transformation, and strengthened customer trust—crucial factors for insurers aiming to maintain a competitive edge.
Neyko Bratoev, Head of Fadata Ecosystem, emphasised the significance of the partnership, stating, “Fadata is excited to join forces with FRISS and underline our commitment to enabling insurance companies to achieve operational excellence. Integrating FRISS’s advanced AI-powered compliance, risk mitigation, and fraud detection technology with our robust insurance software solutions, we are poised to deliver an unparalleled offering to the insurance market.”
Bratoev further highlighted FRISS’s proven track record of delivering real-time, actionable insights throughout the policy lifecycle, making the company a trusted partner in driving innovation for insurers.
Bas de Graaf, Global Partner Manager at FRISS, echoed this sentiment, noting, “We are excited to partner with Fadata to bring our Trust Automation Platform to a wider audience. Our compliance, risk underwriting, and claims analytics capabilities streamline processes for trustworthy and honest customers while automatically preventing fraud attempts.”
De Graaf added that the partnership aligns with FRISS’s vision of transforming the insurance sector by empowering insurers to make informed decisions and foster customer trust, laying the foundation for stronger, more reliable client relationships.
The collaboration represents a significant step forward in the insurance industry’s push for innovation, offering insurers tools to stay ahead in an increasingly dynamic and complex marketplace.
