RAVIN AI and Five Sigma Partner to Transform Auto Claims with AI-Powered Vehicle Assessments

2 MINUTE READ

Sydney, Australia, February 6, 2025 – RAVIN AI, a leader in AI-powered vehicle inspections, has partnered with Five Sigma, an innovator in AI claims management technology, to reshape auto claims handling. Through this partnership, RAVIN’s DeepDetect™, an AI vehicle assessment, has been integrated with Five Sigma’s end-to-end Claims Management Platform (CMS) and Clive™, the insurance industry’s first AI Claims Adjuster, delivering next-level automation and efficiency to auto insurers.

Now, when policyholders submit a claim, they are prompted to scan their vehicle, generating a virtual assessment that predicts repair costs or determines total loss. Clive then automates the workflow by updating all relevant fields in Five Sigma’s AI-Native CMS or any other claims management system the insurer is using. If there are pictures of the vehicle from the FNOL, this analysis is done even faster.

“Our partnership with Ravin AI is another step in our automation-first philosophy for claims management, integrating various AI tools and use cases with Clive, our AI Claims Adjuster. By integrating Ravin’s advanced technology with Five Sigma’s, we are empowering insurers to reduce cycle times, improve accuracy, and boost operational efficiency”.
Oded Barak CEO and Co-Founder of Five Sigma
Oded Barak
CEO and Co-Founder of Five Sigma
“This partnership with Five Sigma is a game-changer for the insurance industry. By combining our AI-driven vehicle assessments with Five Sigma’s claims platform and Clive, we’re helping insurers streamline the claims process, enhance customer satisfaction, and reduce costs—all while driving innovation in auto insurance.”
Eliron Ekstein, Ravin AI CEO
Eliron Ekstein
CEO of Ravin AI

Key Benefits for Insurers

  • Automated Triaging – Claims are routed based on loss and liability within minutes rather than days.
  • Increased Accuracy – AI assessments eliminate manual errors and improve consistency.
  • Cost Reduction – Streamlined workflows reduce operational costs, including rental car expenses.
  • Enhanced Customer Satisfaction – Faster claim resolutions lead to improved policyholder experiences.

Insurers using the integrated technology report a 50% reduction in claim cycle time and hundreds of dollars in savings per case.

By integrating RAVIN AI’s vehicle assessment technology with Five Sigma’s, insurers and TPAs gain unparalleled automation and data-driven decision-making. When policyholders submit photos of vehicle damage via First Notice of Loss (FNOL), RAVIN’s AI instantly assesses whether the vehicle is repairable or a total loss. This assessment seamlessly updates in Five Sigma’s claims management platform (or other CMS via Clive), allowing adjusters to make faster, more accurate claims decisions.

The result? Accelerated handling, reduced costs, and enhanced policyholder satisfaction.

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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