InsurTech100: Five Sigma Recognized as a Leading Insurance Technology Innovator by Fintech Global

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FiveSigma-Insurtech100-2024

New York, October 9, 2024 – Five Sigma, a leading AI-native SaaS claims management software company, has been recognized by research firm FinTech Global as one of the most innovative companies in the insurance technology sector for 2024 in the prestigious InsurTech 100 list.

InsurTech100 highlights companies that are transforming the insurance industry through cutting-edge technologies. With over 2,100 nominations reviewed by a panel of seasoned analysts and industry experts, Five Sigma was selected for its continued innovation in claims management, combining advanced automation, AI-driven insights, and a unique focus on transforming the adjuster experience through intuitive, user-friendly technology that streamlines workflows and enhances decision-making.

Notably, Five Sigma’s new product Clive™, the insurance industry’s first AI Claims Adjuster, has been lauded as a game-changer, working on top of any claims management system (CMS) and driving efficiency and accuracy in claims management.

“We are thrilled to be recognized as an innovative leader in  InsurTech100,” said Oded Barak, Co-Founder and CEO of Five Sigma. “Our Claims technology is designed with adjusters in mind, allowing them to work faster and more effectively through automation and AI data-driven insights. Clive is a crucial addition to our mission to transform the insurance industry, enabling any insurer to unlock the potential of AI and automation in their claims operations.”

Five Sigma - AI Claims Management Technology

Five Sigma offers AI and automation technology for claims handling. Clive™, the industry’s first Multi-Agent AI Claims Expert, working on top of any existing claims management system (CMS), and Five Sigma’s AI-native Claims Management Platform

For P&C carriers, MGAs, TPAs, and reinsurers, Five Sigma delivers tangible results through claims technology: cost savings, productivity boost, cycle time reduction, improved accuracy, and better policyholder service.

Clive™, our award-winning Multi-Agent AI Claims Expert, adds AI and automation to any existing system to automate routine tasks, dynamically plan claim handling, and advance the claim automatically according to the insurer’s operating procedure (SOP). Clive manages multiple AI agents that handle and automate different tasks and claim handling stages, including: intake, triage, liability assessment, coverage, communications, fraud detection, compliance, settlement, and more. 

Our customers can deploy Clive AI quickly, one agent at a time, and expand as they go. Adjusters are freed to focus on complex decision-making and better customer service. 

Five Sigma’s Claims Management Platform is an AI-native CMS, with Clive built-in. Our platform includes 360° claim visibility, an omnichannel communication hub, and easily configurable workflows — offering unmatched efficiency and cost savings.

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