SaaS startups have become the darling of Venture Capital investors, especially in Utrecht. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 2 VC funded SaaS startups in Utrecht .
For P&C insurers, Friss is a provider of analytics software for compliance, risk, and fraud. For non-life insurance firms across the world, Friss is completely committed to fraud, risk, and compliance. FRISS assists insurers in growing their lucrative portfolios and enhancing consumer impression of them as dependable providers of insurance. By recognizing high risks and fraud at quote, underwriting, and claim processing across all private and commercial lines, FRISS, a ready-to-use business solution, lowers insurers' loss ratios. Since the FRISS® Score identifies the risk associated with each quotation, policy, or claim, it helps people make smarter decisions. With more than 150 installations in more than 30 countries, FRISS dominates the worldwide market. A comprehensive solution for fraud, risk, and compliance is provided by FRISS (www.friss.com). Risk evaluation during underwriting Automated real-time risk identification and evaluation during the underwriting process to produce profitable portfolio expansion. Having a comprehensive understanding of prospects before to letting them into your portfolio is crucial for preventing fraud and evaluating risks. It has been demonstrated that the FRISS underwriting solution's intelligent and consistent risk estimate considerably raises the combined ratio. Preventing and spotting fraud in claims The widespread consensus is that 10% or so of all insurance claims on average include some form of fraud. We all pay more for our insurance policies in order to pay for these fraudulent claims. There are three crucial factors: - How can fraud be accurately and effectively detected? - How may unscrupulous clients be quickly identified? How do you approach this in your day-to-day operations? By improving the likelihood of identifying fraud and minimizing false positives, you may lower your loss ratio. To determine the risks associated with a claim with accuracy and objectivity, use automated fraud detection during the claims process. It enhances straight through processing (STP), and claims that require more attention are immediately identified. ☆ Become and keep compliant All insurance procedures are subject to compliance. Become and remain compliant with the most recent laws and rules. Knowing and vetting your consumers will help you avoid costly penalties and brand harm. Obtain knowledge about the Ultimate Beneficial Owners (UBOs). Your underwriting procedure will be of higher caliber as a result. Additionally, few administrative costs will be imposed. Gartner acknowledged FRISS as the market leader in Europe in 2014, and the company is working to take the lead globally.
Trengo is an omnichannel communication platform helping businesses connect with their customers. The platform creates workflows to automatically assign conversations to the appropriate team, add labels, send automated responses, or set their own SLAs. With a powerful drag-and-drop builder, they can create no-code chatbots and automate conversations across all channels. It assigns messages to teams or colleagues, automates repetitive tasks, and stays in touch with the team.