FRISS Acquires Terrene Labs to Enhance Efficiencies in Underwriting.
MANews-(C)2009-2021
US-based AI-powered fraud, risk and compliance solutions provider FRISS has acquired commercial insurance provider Terrene Labs to enhance comprehensive risk insights, and expand underwriting efficiency, the company said.
Terms of the transaction were not disclosed.
Terrene will be a fundamental addition to the FRISS product family. Commercial lines underwriters now have access to thousands of actionable insights within just 5 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 and will help commercial...
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