Holland / US based insurance anti-fraud platform raised €54.8m in Series B financing led by Aquiline Technology Growth and Accel-KKR.
“We recognise that the insurance industry is tackling challenges on many fronts including cost pressures, the need for efficiency and automation, and ever-rising customer expectations for personalised service at speed. FRISS solves these challenges by tapping into the power of digital transformation and leveraging sophisticated AI to automate complex workflows at scale, shining a harsh light on risks at both underwriting and claims, while simultaneously elevating and improving the processes for carriers’ employees and their customers," said Christian van Leeuwen, CTO and co-founder.