For more information, please visit & Written by Megan Dawkins on the FlexJobs TeamĮMC Insurance Companies, also known as Employers Mutual Casualty Company and EMC Insurance Group, is one of the United States' top 60 property/casualty insurance organizations based net written premium, as well as the largest in the state of Iowa. FRISS detects fraud, mitigates risks and supports digital transformation. Their AI-powered detection solutions for underwriting, claims and SIU helps 175+ insurers grow their business. Encouraging honest consumer behaviour drives down premium costs and allows carriers, like EMC, to provide the exceptional service their customers deserve.įRISS is 100% focused on automated fraud and risk detection for P&C insurance companies worldwide. Most insurance claims are genuine, however the small percentage, that are fraudulent add up to an estimated USD 80 billion impact in the USA alone. We are excited to be ahead of the game when it comes to this type of digital transformation.” FRISS will enable us to confidently act quickly for the vast majority of our customers, while at the same time immediately identifying suspicious cases for investigation. Unfortunately, implementing faster processes can also make certain types of fraud easier to commit. “We want to give our customers the best possible experience from the moment they consider working with EMC all the way through closing out a claim. “For us it’s not just about finding fraud,” said Laurie Salz, EMC Special Investigations Unit (SIU) Operations Director. Combined with expert knowledge rules, internal and external database searches, advanced text mining and more, each policy application and claim will be screened in real time. FRISS says the detection engine works seamlessly through the entire policy lifecycle, and FRISS’ artificial intelligence-driven models will predict evolving fraud schemes. The FRISS Solution will also highlight claims with no suspicious indicators, enabling straight-through processing and quick handling of legitimate claims. We’ve been fighting and reversing this trend for over a decade.”ĮMC will take advantage of FRISS’ hybrid detection engine to automatically flag suspicious insurance claims, giving their team actionable insights to begin investigations. “We believe insurance is a beautiful thing, and we hate to see honest customers suffer because of the dishonesty of others. “We’re thrilled to be working together with EMC to reduce insurance fraud and further increase profitability,” said Jeroen Morrenhof, FRISS CEO and Co-founder. Last week US ICMIF member EMC Insurance Companies, a national property and casualty insurer, and FRISS, a leading provider of insurance fraud detection solutions worldwide, announced a partnership. ICMIF-calibrated Insurance SDG calculator.Peak Re: Risk and capital management of mutuals.Mutual insurance in the 21st century: back to the future?.Mutual microinsurance and the Sustainable Development Goals.EY Global Insurance Mutual Market Scan: Key principles of mutual differentiation.From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction. ![]() ICMIF Members Sustainable Investment Report 2022.NEW: ICMIF Members: Key Statistics Report 2023.Sustainability Forum: Virtual member-to-member discussions.Virtual roundtables for strategy leaders Menu Toggle.ICMIF Monaco Mutuelle cocktail reception 2023.Talent development opportunities with social impact.Mutual Leadership: Adapting to a Complex World – An ICMIF online course. ![]()
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