FRISS

FRISS is a fraud-and-risk detection platform for P&C insurers, founded 2006 in Utrecht (Netherlands), now headquartered jointly in Utrecht and Mason, Ohio. $88.7M raised including the $65M Series B led by Accel-KKR with Guidewire among earlier backers. 300+ implementations across more than 45 countries.

Named customers. FRISS publishes detailed case studies or press releases naming carriers across most regions: Santalucía (Spain), UNIQA (Austria/CEE), IAG New Zealand, Folksam (Sweden), Aegon Schadeverzekering / InShared / Univé / RISK Verzekeringen (Netherlands), INTERAMERICAN (Greece, Achmea Group), and — on the Americas side — SURA Colombia, Meridional Seguros (Argentina), Seguros El Águila (Mexico), Seguros El Roble (Guatemala), plus US/Canada deployments at EMC Insurance, FCCI Insurance Group, The Commonwell Mutual, and SGI (Saskatchewan Government Insurance). The remaining customer base (beyond the ~300 global implementations reported by FRISS) is cited in aggregate.

Product coverage. FRISS runs across the full policy lifecycle — automated underwriting risk assessment at inception, fraud detection during claims, and case management for SIU teams. The breadth distinguishes FRISS from Shift Technology, which centres on claims fraud and has extended into subrogation and financial-crime detection rather than into UW-time risk scoring.

Where it sits in old → new → AI. FRISS is a modern-rung vendor. The platform is pre-LLM at its centre of gravity, with analytical muscle drawn from decades of rule-library curation and graph analytics, and AI features layered in. Shift Technology (2014, AI-native) is the category's pure AI-native alternative; FRISS and Shift compete on different axes — depth of workflow integration (FRISS) versus model novelty (Shift).