About Us

Our Story

Five Sigma was born out of a deep understanding of the challenges faced by insurance companies grappling with an increasingly complex claims landscape. The founding team consulted in-depth with experienced claims professionals from CSAA and Progressive Insurance and witnessed firsthand the frustrations caused by outdated systems, manual processes, and a lack of actionable insights.

Inspired by a shared desire to bridge this gap, they embarked on a mission to create a comprehensive claims technology solution with a human-centered design that would address the unmet needs of insurers and policyholders alike. They envisioned a platform to streamline claims operations, automate tasks, and empower insurers with data-driven decision-making capabilities.

With a focus on efficiency, effectiveness, accuracy, and customer-centricity, Five Sigma’s technology leverages automation, intelligent data processing, and predictive analytics to transform the claims experience. By enabling insurers to make faster, more informed decisions, reducing costs, and enhancing customer satisfaction, Five Sigma aims to redefine the future of claims management.

Our Leadership

Oded Barak

Co-Founder & CEO

Dror Sholomon

Co-Founder & Chief Architect

Michael Krikheli

Co-Founder & CTO

Gil Nechushtai

VP of Products

Mor Segal

VP R&D

Oded Israeli

Chief Marketing Officer

Our Investors

Our Values

Leader in Claims Technology

We strive to be at the forefront of claims technology, continuously innovating and developing cutting-edge solutions that revolutionize the industry. Our commitment to excellence drives us to create a solution that streamlines processes, enhances accuracy, and improves overall claims management.

Customer-Centric Approach

We prioritize the needs and satisfaction of our customers, recognizing that they are at the heart of our business. We are committed to providing exceptional customer experiences by understanding their unique requirements, anticipating their needs, and delivering solutions that exceed their expectations.

Data-Driven Insights

We leverage the power of data analytics, artificial intelligence, and machine learning to unlock valuable insights from claims data. Our technology empowers insurers to make informed decisions, identify patterns, detect fraud, and predict outcomes. By harnessing data-driven insights, we help our clients stay ahead in an evolving industry.

Empowering Trust and Transparency

We foster trust and transparency within the insurance ecosystem. We aim to build strong relationships with our clients, partners, and stakeholders by promoting open communication, unbiased decision-making, and ethical practices. We believe trust
is the foundation for successful claims management and the core of our
company’s strength.

Collaborative Partnerships

We believe in the power of collaboration and partnerships. By working closely with insurance companies, claims professionals, and industry experts, we create a community that shares knowledge, experiences, and best practices. We drive mutual growth, innovation, and collective success in claims management through collaboration.