FRISS, a Netherlands-based provider of fraud, risk and compliance products and services for property/casualty insurance carriers, has acquired Terrene Labs, headquartered in Mason, Ohio.
Terrene helps commercial underwriters to instantly understand the risk of every policy by gathering, verifying, combining and augmenting thousands of data sources. According to the acquisition announcement, commercial lines underwriters now have access to thousands of actionable insights within five seconds, replacing a disjointed manual and limited enrichment process that previously took up to a week and delayed policies for quality customers.
Terrene products will join the FRISS product suite as Underwriting Insights. It will be available immediately as a standalone product and will soon integrate with the end-to-end solutions already offered by FRISS.
Source: FRISS
Topics Data Driven Mergers & Acquisitions Commercial Lines Business Insurance Ohio
Was this article valuable?
Here are more articles you may enjoy.
AI’s Water Strain Includes Surging Demand From Electricity Use 
Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says 
