Legziel Family

Aquiline Capital Partners is a private equity firm specializing in investments in the financial services industry. The firm prefers to make investments in risk-bearing and service enterprises in sectors such as property and casualty insurance, banking, finance, securities, asset management, life insurance, operations, financial technology, and transaction processing. Aquiline Capital Partners LLC was founded in 2005 and is based in New York, New York.

Aquiline Capital Partners

F2 Ventures is a healthcare investment platform focused on arbitrage opportunities across the biotech sector, targeting innovation at the right stage for maximum impact.

F2 Ventures

83North is a global venture capital firm with more than $1.8B million under management. The firm invests across all stages of consumer and enterprise companies and backed some of the fast-growing category leaders. 83North has two main offices in London and Herzliya.

83North

Pipeline Capital Partners is a seed-stage venture capital fund. It was founded in 2014 and is based in Menlo Park, California.

Pipeline Capital

iGlobe invests in entrepreneurs and companies poised to become category owners in large addressable markets, either present or created. It adds value to its invested firms by building ecosystems of partners, markets and talents.

iGlobe Partners

O.G. Venture Partners is a multi-stage venture capital firm that focuses on early-growth opportunities, typically B and C rounds. The firm was founded in 2017 and is headquartered in Monaco. In 2022, O.G. Venture Partners announced Fund II of $400M following the successful $100m Fund I, later expanded to $150m. Fund I has invested in 21 companies since its 2017 launch, with 5 exits to date. The Fund I portfolio includes a large number of fast-growing growth stage start-ups: LendBuzz, WSC Sports, BlueVine, Bringg, Paxos, Connecteam, Elementor, Coralogix, Candivore and SuperPlay.

O.G. Venture Partners

Xceedance is a global provider of consulting and managed services, technology, analytics and data sciences to re/insurance organisations.

Xceedance

Five Sigma

Five Sigma is a cloud-native, data-driven Claims Management Solution (CMS) with embedded AI/ML capabilities to allow simple and smart claims processing for the insurance industry. Five Sigma simplifies claims management by adding automated claims processing workflows and using data modeling and AI to provide smart recommendations – improving adjusters’ decision-making and reducing errors. Leading insurance carriers, Insurtech, TPAs and Self-Insured companies use Five Sigma's CMS to modernize their claims operations, reduce claims leakage, enhance compliance, and improve their customer experience.

Tel Aviv-based Five Sigma provides a cloud-based, data-driven claims management platform that uses technologies such as artificial intelligence (AI) and machine learning (ML) to automate claims and improve the claims management process for insurers. The platform automates all parts of the claims management process, such as First Notice of Loss (FNOL), coverage, liability, claims payout, recovery, and quality assurance, and aims to improve the accuracy of claims. The company’s customer base includes&nbsp; Hippo Insurance, Boost, INSHUR, MGM, Palomar, and Qover, among others.&nbsp;

InsurTech: Infrastructure

Five Sigma’s AI adjuster Clive is transforming claims management

Google Cloud

Five Sigma has partnered with Google Cloud to enhance its Claims Management System with advanced Native AI capabilities, introducing "AI Assist."

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Tel Aviv-based Five Sigma provides a cloud-based, data-driven claims management platform that uses technologies such as artificial intelligence (AI) and machine learning (ML) to automate claims and improve the claims management process for insurers. The platform automates all parts of the claims management process, such as First Notice of Loss (FNOL), coverage, liability, claims payout, recovery, and quality assurance, and aims to improve the accuracy of claims. The company’s customer base includes&nbsp; Hippo Insurance, Boost, INSHUR, MGM, Palomar, and Qover, among others.&nbsp;In July 2024,&nbsp;<a href="https://sp-edge.com/updates/31729">Five Sigma launched Clive</a>, an AI-driven insurance adjustment agent designed to enhance the claims process through improved efficiency, accuracy, and lower costs. Clive enables insurers, MGAs, and TPAs to streamline claims handling using AI and automation without needing to replace their existing systems, ultimately enhancing the customer experience while reducing operational expenses.Key customers and partnershipsIn August 2022, Five Sigma partnered with One, a digital insurance payment solutions provider, to offer its customers a more convenient premium and claims payment method without leaving Five Sigma’s claims management solution platform.It also launched an integrated SaaS technology suite in September 2023, in partnership with Socotra. The product combines Five Sigma's claims management software with Socotra's core policy and billing solutions to enable real-time data-driven decision-making across policy management and claims handling processes. Further, it added AI capabilities into its claims management system through a partnership with Google Cloud. The new tool called AI Assist contains key elements, such as smart automation, voice AI, and an SMS Dashboard for analyzing text messages received by companies to provide insights and automate claims management tasks.

AgentSync develops modern insurance infrastructure solutions that automate and streamline compliance and producer management processes for insurance carriers, agencies, and MGAs. The company's core product offerings include AgentSync Manage, Autopilot, and ProducerSync API, which help validate licensing, appointing, and personal information for insurance producers by connecting with the National Insurance Producer Registry (NIPR). In January 2024, AgentSync launched its first commercially available ProducerSync API, which allows insurance businesses to access and validate NIPR data through REST API architecture. The company's technology reduces manual data entry processes from hours to minutes by using APIs and cloud-native solutions. In 2021, AgentSync acquired Finvera and subsequently acquired eContractPro in 2022. As of December 2021, the company generated annual revenue of USD 29.3 million.
Key customers and partnerships
AgentSync has established strategic partnerships with several industry leaders including the National Insurance Producer Registry (NIPR), Salesforce, Varicent, DocuSign, Verified First, Accurate, and LIMRA LOMA. Veterans United Insurance is among the company's notable customers. The company's platform enables its customers to onboard producers in hours instead of the traditional timeframe of weeks or months.

AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic developed a white-label mobility platform for the insurance sector. Their technology generated personalized, usage-based insurance options for the mobility sector, with the platform calculating premiums based on individual user data including driver safety scores, on-demand activation/deactivation, and time or distance driven. The system accounted for occasional drivers and multi-use vehicles, and was designed to integrate with IT systems of insurance companies, OEMs, and Mobility-as-a-Service providers such as ridesharing, ride-hailing, carsharing, e-scooters, and delivery services. The company operated between 2017 and 2023, ultimately ceasing operations in March 2023.
Key customers and partnerships
The company partnered with The Phoenix Insurance Company in Israel to launch 'The Phoenix Drive', a pay-as-you-go private vehicle insurance product. This offering included a web/mobile onboarding sales and underwriting portal for direct customers and insurance agents, back-office interfaces for insurers, and a consumer mobile app. Through this partnership, Bambi Dynamic was also involved in running the InsureMyTesla program in Israel.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is a Cincinnati-based insurtech company that provides digital small business insurance solutions. Founded in 2018, the company specializes in three main types of business insurance: general liability, business owners' policies, and professional liability coverage. The company employs digital underwriting technology that sources publicly available data to enable instant coverage through a transparent quoting and binding process. Its platform features a qualification checker that indicates within seconds if a business falls within Coterie's appetite. As of June 2022, Coterie's insurance products were available across all 50 states and the District of Columbia. The company's policies are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co., both of which hold A-rated carrier ratings. The platform uses both ISO and proprietary coverage forms, with all policy documents, certificates, billing, and claims managed through a single dashboard. The system reduces paperwork by 80% compared to traditional methods by eliminating ACORD forms and manual underwriting processes.
Key customers and partnerships
The company serves small and micro-businesses across the US, with a particular focus on businesses with fewer than 20 employees. As of June 2022, Coterie worked with a network of 5,000 agents who provide personalized counsel to small business owners. The company's products are distributed both through independent insurance agents and brokers, and directly to business owners through its digital platform. The business maintains partnerships with Spinnaker Insurance Co. and Benchmark Insurance Co. who underwrite its insurance products.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

PROMINENT_CATEGORY

<div>
 
 Five Sigma, a firm that offers claim management services, recently introduced Clive, an AI-driven insurance adjustment tool. This product aims to streamline the claim handling process offering higher accuracy, lesser costs and improved efficiency. 
 Clive leverages AI and automation to transform how claims are handled, offering key benefits such as greater efficiency in managing claims, elevated accuracy, reduced operating expenses, and an enhanced user experience, especially for insurers, MGAs, and TPAs.
 In addition, Five Sigma emphasizes that Clive is designed to provide the advantages of automation and AI to claim teams, without the need to change their current claim system. 
 
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Five Sigma

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