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-Native Claims Management

Five Sigma offers an AI-native claims management platform (CMS) and Clive, our AI Claims Adjuster, which streamline every step of claims handling. 

Clive™, the insurance industry’s first AI Claims Adjuster, offers unparalleled automation and insights on top of any CMS! Clive adds AI capabilities 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 drives artificial intelligence, efficiency, and accuracy in claims handling. Adjusters are freed to focus on complex decision-making and better customer service.

Five Sigma’s CMS platform empowers adjusters to excel, speeding up claims handling and improving customer satisfaction with 360° claim visibility, advanced automation, a user-friendly interface, and useful insights.

For insurers, MGAs, and TPAs, Five Sigma is a risk-free solution that unlocks unprecedented benefits quickly. Insurers gain unparalleled visibility into their claims and operations, resulting in a significant reduction in Loss Adjustment Expenses. Five Sigma is a future-proof platform that is always up to date for the benefit of all its customers and gives insurers the agility to handle any claim faster, add new Lines of Business in less than a day, and accommodate new business models easily.

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