Case Study: RISK achieves touchless trust and immediate STP acceptance with FRISS Underwriting Analytics

How to achieve Touchless Trust and immediate STP acceptance of good risk profiles

RISK, an insurtech service provider, faced the challenge of creating a clear and fully-automated risk assessment for customers across its diverse products and distribution channels. To paint a correct real-time picture of each customer and limit fraud, they turned to vendor FRISS and its Underwriting Analytics solution.

By implementing FRISS's hybrid AI and rules-based solution, RISK achieved touchless trust and immediate straight-through processing (STP) acceptance for good risk profiles. The results for RISK include compliance-by-default, higher operational efficiency, significant time savings, and improved customer satisfaction.

RISK