DES PLAINES - FRISS, a company dedicated to combating insurance fraud using IT software, announced it will partner with the National Insurance Crime Bureau, a national not-for-profit organization dedicated to fight insurance fraud and theft.
NICB gathers, analyzes, and disseminates information to support its member companies in detecting fraud. The partnership provides another innovative way for mutual members of NICB and customers of FRISS to access and incorporate NICB information to detect fraud.
"We see this partnership as a positive step in making sure our members and FRISS customers have the tools needed to combat the challenges associated with insurance fraud," said Joe Wehrle, NICB president and CEO.
FRISS was founded in 2006 when co-founders Jeroen Morrenhof and Christian Van Leeuwen decided it was possible for technology to help combat insurance fraud. The solution has been implemented over 175 times at carriers worldwide.
The FRISS Score alerts insurers in real time to potentially fraudulent claims. Insights and indicators are displayed to ensure the score is accurate and transparent, and that the case can be handled properly and efficiently.
The partnership will allow insurers to seamlessly incorporate NICB data into their automated fraud scoring process, ensuring that cases with ties to known fraud can be caught and investigated immediately.