Business Wire

FRISS Acquires Polonious Insurance Investigations

Share

FRISS, the most widely implemented fraud, risk and compliance solution for P&C insurers worldwide, is thrilled to announce the acquisition of Polonious, the expert software for special investigations and case management. The acquisition better enables FRISS to support claims departments, special investigations units and private investigations firms. The feature-rich Polonious product will improve FRISS Investigations capabilities worldwide, closing the loop by bringing in more data, fraud schemes and trends. With the acquisition, FRISS welcomes the 40 current Polonious insurance industry customers in the United States, Canada, Australia and New Zealand to the FRISS family.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220307005010/en/

Polonious customers report the ability to increase case throughput by up to 38% and reduce administration costs nearly 25% by automating repetitive manual tasks. Furthermore, the product helps unburden IT resources through a no-code solution, configurable user interface, and the availability of a wide range of workflows. Polonious became the number one choice for special investigation units in the insurance industry by combining technology advancement and subject matter expertise. The system can be configured to maximize any investigation workflow and includes full reporting and time-saving process automation capabilities. Insurance leaders have come to recognize the unique cost savings, and inherent brand protection that Polonious brings to their organizations.

“I’m excited with the tremendous opportunity this acquisition brings for the insurance industry,” says Alastair Steel, co-CEO of Polonious. “FRISS and Polonious share their vision on how to protect the industry from malicious behavior with future proof solutions, which greatly benefits sincere customers. I’m convinced that Polonious customers are in great hands moving forward.”

“Polonious is the character known to be Hamlet’s trusted advisor. And that is exactly what the company reflects – they are renowned for their subject matter expertise within the insurance industry. This falls perfectly in line with what FRISS offers,” adds FRISS CEO and Co-founder, Jeroen Morrenhof. “It is a key element of our mission to fight fraud by closing the loop between departments. With Polonious we add a vast amount of features and data to our already sophisticated AI-powered fraud analytics platform. This acquisition is a giant leap toward honest insurance.”

“As a leading Insurtech solution provider, FRISS really is the guiding light towards the future of risk assessment and fraud detection,” shares Rick Shepherd, President of Polonious Systems. “We can’t wait to join their team and bring Polonious’ distinguished efficiency and full-blown SaaS solution to their already robust suite of products.”

FRISS and Polonious have long shared the belief that honesty is the best policy. By joining forces, Polonious customers will have access to the wide variety of resources and products FRISS has to offer. Likewise, current FRISS customers will be able to broaden their SIU capabilities and further optimize their workflows. The solution is available worldwide.

Watch a quick demo of the Polonious investigations solution via this link.

About Polonious:

Polonious has been a leading provider of case management systems in the insurance industry since 2006. Their unique approach to fully-configurable case management has helped insurers save on labor and fraud costs, reduce their need for IT involvement, and protect their brands.

Polonious is a tried and tested solution that has been deployed over 80 times in 8 different countries. About 11,000 users log into Polonious daily to manage their fraud cases more effectively. www.polonious-systems.com

About FRISS:

FRISS is 100% focused on automated fraud, risk and compliance solutions for P&C insurance companies worldwide. Their AI-powered solutions are available for Underwriting, Claims, and SIU, offering support for full end-to-end digital processing.

With over 300 implementations across more than 40 countries, FRISS is seen as a trusted advisor, guaranteeing a safe digital transformation for all of their customers, and unique tailoring of solutions to fit their specific needs. Carriers can expect a seamless integration and products that provide a quick time to value (TTV).

Now, with $65 Million from their Series B funding round in 2021, FRISS will be able to continue offering their customers state-of-the-art technology to guide carriers through an ever-changing fraud landscape. For more information, visit www.friss.com.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Ruud Van Gerwen
ruud.van.gerwen@friss.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Conviva Announces Streaming Audience Measurement Standard Leveraging Comprehensive, Continuous, Census-level Technology16.5.2022 20:21:00 CEST | Press release

Conviva, the Continuous Measurement Analytics platform for streaming media, today announces it will unveil a streaming audience measurement standard to be released for general availability at CES 2023. This expansion is in partnership with premium streaming providers using Conviva’s real-time cloud sessionization technology. The new standard provides census-level streaming audience ad packaging and measurement that is complimentary and interoperable with linear TV allowing streaming providers to compete at scale with the digital walled gardens solutions competing for ad budgets today. Conviva’s platform currently processes nearly 3 trillion streaming data events daily, supporting more than 500 million unique viewers watching 200 billion streams per year across 4 billion applications streaming on devices. “Audience measurement represents the streaming industry’s biggest opportunity and Conviva’s technology definitively unlocks its potential,” comments Keith Zubchevich, CEO of Conviva. “

Verimatrix Anti-Piracy and Threat Defense Experts To Highlight Latest Innovations at CABSAT and TT CS16.5.2022 17:45:00 CEST | Press release

Regulatory News: Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced participation in two leading conferences this month: European Medical Device and Diagnostic Software Development and Compliance Conference (TT CS) – May 17-18 – Brussels, Belgium TT CS is Europe’s only dedicated conference for medtech cybersecurity professionals. Held at the Sheraton Brussels Airport Hotel, the event features two Verimatrix speakers. Nicole Lua, sales director, is scheduled to serve as moderator for a “Security By Design” roundtable at 1:35 p.m. on May 17. Neal Michie, director of product management, is scheduled to discuss the prevention of threats associated with unmanaged and quasi-managed devices during a session slated for 10:15-10:50 a.m. on May 18. CABSAT – May 17-19 – Dubai, UAE CABSAT is the most established and respected trade platform for broadcast, satellite, entertainment content & digital media sectors across

“Our Future is Light” Campaign Kicks off 2022 International Day of Light16.5.2022 17:03:00 CEST | Press release

An action-packed video styled as a blockbuster-movie trailer provides the linchpin for this year’s International Day of Light (IDL) campaign, “Our future is light. Play your part.” Released today, Day of Light features diverse characters successfully solving global-level problems using photonics-enabled technologies. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220516005150/en/ Sponsored by SPIE, Optica, and IEEE Photonics Society, this year’s International Day of Light celebration showcases exciting, critical career opportunities in optics and photonics. (Graphic: Business Wire) Three professional societies – SPIE, the international society for optics and photonics, IEEE Photonics Society, and Optica, Advancing Optics & Photonics Worldwide – partnered to create the video and the accompanying 2022 IDL campaign. “Our future is light. Play your part” promotes the importance of light-based technologies and interesting careers

NielsenIQ Launches Retail Media Solution to Monetize Assets and Measure ROI for Retailers16.5.2022 16:01:00 CEST | Press release

Today, NielsenIQ, a global information services company, announced the launch of NielsenIQ Activate; a software-as-a-service (SaaS) solution that enables retailers to accelerate revenue opportunities through retail media and comprehensive customer insights that activate shoppers with personalized promotional offers. NielsenIQ Activate is comprised of dedicated applications for hyper-targeted audience building, offer and ads management, and end-to-end measurement. This SaaS tool, part of the NielsenIQ Connect platform, will allow retailers to create sustainable revenues by monetizing their retail media assets across physical and digital channels. Additionally, retailers will be able to boost credibility with brands and inform them of the insights they need to command their customers’ attention, act on those insights, and measure the ROI of their activities across all channels. “We are devoted to continuing our legacy by defining the next century of consumer and retail measurement,” says

TYLin and GPO Group Strategically Align16.5.2022 16:00:00 CEST | Press release

The GPO Group and Sam Schwartz, one of its operating companies, as part of a global effort to enhance connections and collaboration among companies in the Dar Group’s Global Infrastructure (GI) Pillar, are formally aligning with TYLin, the leading brand in the GI Pillar. The GPO Group and Sam Schwartz have added a TYLin “unifier” line to their names. Effective immediately, GPO will be known as GPO, A TYLin Company. Similarly, Sam Schwartz will be known as Sam Schwartz, A TYLin Company. The addition of the unifier line is part of a global strategic initiative to unify the companies in the Dar Group GI Pillar under the TYLin brand to provide more efficient access to its vast global resources and promote better collaboration among its staff. Aligning the two companies with TYLin — particularly in the rail and transit segments — means that GPO and Sam Schwartz, transportation and mobility leaders in Europe and the Americas, respectively, will expand their ability to deliver innovative thin

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom