12th January 2022

OOM chooses FRISS for the automation of compliance challenges

Netherlands-based OOM Specialised Insurance, specialist in insuring special risks, has chosen FRISS, the widely implemented fraud, risk and compliance solution for P&C insurers worldwide, to automate its beneficial owner and compliance challenges. FRISS will perform real-time compliance screenings for OOM during acceptance, at pay-out and in specific situations. In this way, FRISS supports OOM in its compliance with the requirements of the Money Laundering and Terrorist Financing (Prevention) Act(Wwft), Sanctions Act and the General Data Protection Regulation (GDPR).
Since its founding in 1940, expertise and good service have been of paramount importance to OOM. This is why it is important to automate as many processes that derive from its core business as possible. FRISS’ real-time beneficial owner and compliance screening saves a lot of time because there are fewer false positives that need to be assessed and screenings and reports are now automated. This time that has been saved can now be used to provide even better customer service.
“The attention we pay to our customers is the reason why they give us a score of 8.7. That is a score we are proud of,” says Marga Purvis, ceo of OOM Verzekeringen. “Even in these very uncertain times, at OOM we want to continue to make a difference for our customers. By using FRISS to automate our beneficial owner and compliance screening, we ensure that we can give attention to those customers who deserve it.”
“The continuous and transparent implementation of automated UBO and compliance screenings obviously remains compulsory. We ensure that this obligation becomes an opportunity for healthy growth,” adds Jeroen Morrenhof, ceo and co-founder of FRISS. “I personally experienced OOM’s service when I oversaw the expansion of FRISS into the US and Canada. Thanks to their insurance policies, my family and I were protected during our extended stay abroad. I am therefore extremely pleased that OOM has now chosen us to protect and support them.”

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