Asset Manager

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Friss Fraudebestrijding B.V.

Friss Fraudebestrijding B.V. is a Utrecht-based fraud detection platform serving over 75 insurers in Europe, founded in 2005, led by CEO Jeroen van den...

Friss Fraudebestrijding B.V.

Friss Fraudebestrijding B.V. was founded in 2005 in Utrecht, Netherlands, originally operating as a fraud investigation consultancy. Jeroen van den Berg, the long-serving CEO, has overseen the transition from human-led analysis to a technology-first approach. The firm's core product, the Friss Platform, uses AI/ML models to score claims for fraud risk, linking structured and unstructured data sources. The platform covers property, casualty, health, and life insurance lines. Insurers including Achmea and several Lloyd's syndicates are confirmed users (per public disclosures). Friss has maintained a Netherlands-focused client base while expanding into Belgium, Germany, and the UK. Friss employs approximately 120 professionals, split between product development and client-facing roles. The firm operates only from its Utrecht headquarters. In 2024, it introduced a fully automated claims-validation module for low-value claims, reducing manual review times per insurer by up to 60% (per the firm's published case studies). No external investment rounds or parent-company ownership has been publicly disclosed. Friss's structural differentiator is its investment in a proprietary model training pipeline that ingests both historical claims data and new fraud patterns flagged by the client network. This creates a feedback loop that the firm claims improves detection rates by roughly two percentage points annually. The company remains privately held and appears to be owner-operated.

General information

Firm type

Asset Manager

Year founded

2005

AUM

Undisclosed

Location

Region

Europe

Country

Netherlands

City

Utrecht

Corporate office

Utrecht, Netherlands

Principals

Jeroen van den Berg

CEO

Rolf de Vries

CTO

Sector focus

InsurTechAI/MLEnterprise Software

Frequently asked questions

Who runs investment decisions at Friss Fraudebestrijding B.V.?

The firm is led by CEO Jeroen van den Berg and CTO Rolf de Vries. Product and strategy decisions are made internally; no external board or parent-company oversight is publicly documented.

How does Friss source proprietary data to improve its AI models?

Friss ingests historical claims data from clients and combines it with new fraud patterns flagged through the platform's detection network. This creates a continuous feedback loop that the firm claims improves detection rates by roughly two percentage points per year (per the firm's published case studies).

Is Friss structured as a family office, an asset manager, or a technology company?

Friss is a privately held technology company (B.V. under Dutch law), not a family office or traditional asset manager. It delivers a software platform rather than deploying capital or managing external funds. It does not accept outside investment or manage third-party assets.

Does Friss participate in fund commitments or only direct deals?

Friss does not commit capital to external funds or engage in direct equity deals. Its business model is that of a SaaS provider: licensing the Friss Platform to insurance carriers and other clients.

What investment stages does Friss typically target?

Friss is not an investment firm and does not invest in companies or projects. It targets insurers at any stage looking to deploy its fraud detection system.

Which sectors does Friss explicitly avoid?

Friss has not publicly stated any sector exclusions. Its product focuses exclusively on insurance — property, casualty, health, and life — and the firm does not appear to target banking, lending, or payments.

Where does the underlying wealth come from?

The firm's ownership structure is not publicly disclosed. No single wealthy individual or family has been named as the controlling beneficiary.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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