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Product Updates & Innovations, April 2024: Monitoring Legal Actions and Dashboards

At Five Sigma, we’re constantly evolving to make your claims management experience better and exceptional. We’re thrilled to share the newest enhancements to our platform, all designed to streamline your operations and harness the power of automation and AI-native technology.

Remember, as a Cloud-based SaaS – the platform is always up to date with latest enhancements, for the benefit of all customers.

Let’s explore how our new updates can propel your claims processing into the future.

⚖️ Legal Action Management within Claims

We’re thrilled to announce a groundbreaking enhancement to your claims management toolkit—the Legal Action Management feature. This dedicated interface streamlines documentation, monitoring, and management of all legal actions associated with claims:

  • Unified Legal Action Tracking: Seamlessly create and monitor legal actions across claim levels, exposures, or multiple exposures, empowering you to handle legal complexities with ease.
  • Enhanced Documentation and Logs: Benefit from structured fields that evolve with your legal action, complete with logs for events, negotiations, and an analysis of pros and cons, ensuring a comprehensive overview at your fingertips.
  • Configurable Notifications: Stay ahead of legal deadlines with customizable alerts, ensuring you never miss a crucial date.
    For more information, click here.
Legal Claims Screen

📊 Insights with Near Real-Time Reports and Dashboards

Timely data is super important. That’s why our reports and dashboards now refresh every couple of minutes, providing you with up-to-the-minute insights. This feature, displaying the last refresh time in UTC on the screen’s upper right corner, ensures you’re making decisions based on the most current information.

Dashbaord & Reporting
Discover Five Sigma's Management Reports & Dashaboards

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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Meet Clive™, the insurance industry’s first AI Claims Adjuster