Five Sigma brings claims organizations to the future of claims resolution
Five Sigma brings claims organizations to the future of claims resolution
Five Sigma set out on a mission to allow claims organizations to innovate. With the set of claims management tools and unique platform, Five Sigma's suite is what Insurers need to bring their claims operation to the rapidly changing world.
Enable adjusters and management to enhance claims resolution
Better & Faster Claims Resolution
Enhanced Customer Experience
Always Compliant
Improve Performance Management & Visibility
Continuously Improving
Lower TCO
Reporting and Data
With our suite of Claims-First Cloud-Native and User-Centric products, we enable adjusters to handle claims better and faster. With Automating administrative tasks, Adjusters can focus on making the right decisions, while the system takes care of everything else.
In-System Omni-Channel Communication
Full end-to-end claims management
Automatic workflows
Weeks to deploy instead of months
Automatic reserve opening and claim triaging.
On-going upgrades
Easy integration
Full end-to-end suite for claims management with in-system omni-channel communication platform, automated documentation, automated workflows, reporting and open APIs. Go live in weeks with the state of the art claims management platform.
In-System Omni-Channel Communication
Dynamic screens and questionnaires
Open-APIs for easy integration
Weeks to deploy instead of months
Automatic reserve opening and claim triaging.
On-going upgrades
First notice of loss is a critical point for claims management. Take control of claims handling from the first moment and allow all your partners to report a loss using a variety of methods.
With the unique SaaS offerings and agile methodology, Five Sigma's solutions are deployed in weeks instead of months and with weekly upgrades, we enable carriers to continuously improve claims operations.
Make sure your claims organization is never left behind with the Five Sigma claims management platform.
The company was founded in 2017 by Oded Barak (CEO), Michael Krikheli (CTO), and Dror Sholomon (VP R&D) and aims to deliver a cloud-native, data-driven claims management platform with embedded AI/ML capabilities that enables insurance firms to handle customers’ claims better and faster.
TEL AVIV, Israel--(BUSINESS WIRE)--Five Sigma, an industry leading claims platform provider, has raised $12M in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital. New investors include Eyal Ofer’s O.G. Tech, Xceedance and iGlobe Partners. This brings the company’s total funding to date to $18M.
Five Sigma, an industry leading claims platform provider, announced today that it has raised $12 million for its data-driven, cloud native claims management platform. The Series A round was led by 83North with the participation of existing investor, F2 Venture Capital, Pipeline Capital as well as new investor OG Tech Ventures, Xceedance, and iGlobe Partners, and brings their total funding to-date to $18 million.
Qover sets up a robust in-house technology-led claims management structure with Five Sigma’s end-to-end claims handling workflow for rapid and efficient processing of claims, enabling an enhanced digital experience for its partners and end-customers.
Hippo selects Five Sigma to scale its claims services with a machine learning based reserving module. Read more to learn how the Five Sigma tehcnology helps carriers optimize their processes with automation and deliver exceptional customer experience.
CEO Oded Barak in a discussion with the insuretech israel community about how cloud native AI enabled claims management platforms can transform the insurance industry.
Five Sigma was selected as one of the top claims processing and management companies by insurance CIO outlook. Read the great interview with Oded Barak Five Sigma CEO to learn more about how Five Sigma delivers a true next-generation claims management platform.
The Five Sigma team has launched its new website and is excited to share its new look. We were on a mission to better explain our story and mission. We also wanted to show the different products that Five Sigma has to offer and their benefits to claims organizations worldwide. We are happy to share our new and clean design that was the result of a long and thoughtful rebranding process.
Here at Five Sigma we have always taken security very seriously and use the secure by design approach
The report presents the security methodology and controls by Five Sigma's management and Ernst & Young assessment of the implementation of these controls across the organization.
We are proud to announce that our SOC2 Type 2 Report is complete and available for customers and prospects.The assessment was conducted by independent auditors, Ernst & Young, who specialize in compliance across industries.
Based in the US and Israel, Five Sigma provides an E2E SaaS Claims platform to insurers with a World-Class team which combines symbiotically deep claims domain & technology expertise with a proven track record
