FRISS has again received SSAE 18 certification
The certification was received for the services FRISS provides via its case management system.
FRISS has successfully completed the ISAE 3402 Type 2, in the USA known as SSAE 18, audit for the third consecutive time. ISAE 3402 is an audit of the management of business-critical systems, such as data security, change management and information management, which confirms the proper functioning of these important business processes.
The report shows that FRISS has properly organized vital operating processes and that it operates in accordance with established guidelines. In order to comply the standards for the Type 2 certification, proofing points from the past calendar year had to be provided showing how the management objectives were achieved. The ISAE 3402 type 2 audit was carried out by EY.
Mark Engelhart, Team Manager Security & Compliance at FRISS: “I am pleased that we can once again demonstrate that we are a reliable company. Our risk and fraud analyses are based on large amounts of customer data. The award of an ISAE 3402 Type 2 certification means that it is immediately clear to everyone that our business-critical systems are properly organized.”
FRISS is 100% focused on automated fraud and risk detection for P&C insurance companies worldwide. Their AI-powered detection solutions for underwriting, claims and SIU help 175+ insurers grow their business. FRISS detects fraud, mitigates risks and supports digital transformation. Insurers go live within 4 months, realize up to 10 times ROI and 80% increase in straight through processing of policy application and claims. FRISS solutions help lower loss ratios, enable profitable portfolio growth, and improve the customer experience. For more information, please visit www.friss.com.