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.

<div>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&rsquo;s customer base includes Hippo Insurance, Boost, INSHUR, MGM, Palomar, and Qover, among others.</div>

InsurTech: Infrastructure

Onda Selects Five Sigma to Elevate Cyber Claims Handling

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

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 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&rsquo;s customer base includes Hippo Insurance, Boost, INSHUR, MGM, Palomar, and Qover, among others. 
 
 
 Key customers and partnerships
 
 
 In August 2022, Five Sigma partnered with 
 <a href="https://sp-edge.com/companies/228430">
 One,
 </a>
 a digital insurance payment solutions provider, to offer its customers a more convenient premium and claims payment method without leaving Five Sigma&rsquo;s claims management solution platform.
 
 
 Funding and financials
 
 
 In September 2021, the company raised USD 12 million in Series A funding, led by 83North. The new funds will be used to scale operations, and further develop its products. An extension to the Series A round from Aquiline Technology Growth (ATG) was announced in January 2022, with plans to funnel the fresh capital into market growth and expansion.
 
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<div>
 
 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
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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, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

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 an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

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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