Five Sigma - AI-Native Claims Management

Five Sigma - AI-Native Claims Management is a groundbreaking SaaS cloud platform designed to revolutionize the insurance industry. Founded in 2017 and based in Israel, the company's mission is encapsulated in its slogan, "Embrace the Future of Insurance with Five Sigma, where claims meet simplicity and excellence." The platform promises to drive immediate improvements in the claims management process, with significant reductions in cycle time, claims processing costs, and time to settlement.

Five Sigma's AI-native claims platform, developed by a team of claims professionals and technology experts, offers a streamlined approach to claims management, with advanced automation and data-driven insights. This empowers adjusters to excel, speeding up claims handling and enhancing policyholder satisfaction. The platform's centralization of communications and visibility into claims make it a valuable asset for insurers, MGAs, and TPAs, ultimately leading to a reduction in Loss Adjustment Expenses.

The company's most recent milestone was a $16.00M Series A investment secured on 13 September 2021. The investment was led by a consortium of prominent investors, including 83North, iGlobe Partners, Pipeline Capital Partners, Aquiline, F2 Ventures, O.G. Venture Partners, and Xceedance. This infusion of capital not only acknowledges the potential of Five Sigma but also provides the company with the resources to further improve and expand its platform.

As the insurance industry continues to evolve, Five Sigma serves as a future-proof solution, offering agility, adaptability, and the potential for significant competitive advantage. Its ability to handle property and casualty claims faster, incorporate new lines of business swiftly, and accommodate changing business models positions it as a transformative force within the insurance sector. With its latest investment and exceptional value proposition, Five Sigma is poised to continue reshaping the landscape of claims management and insurance technology.