Softwr

Insurance · head to head

Five Sigma vs Insureon

Five Sigma logo

Five Sigma

Insurance

Cloud claims management with decision support aimed at insurers who cannot fund a full core programme

From
On request
Rated
-
Full reviewWebsite
Insureon logo

Insureon

Insurance

Fast and easy business insurance online

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Five Sigma the reference base is small compared with established claims vendors, so procurement and audit committees will ask for viability assurances you cannot fully answer.; Insureon the Internet Archive's capture of Insureon's small business insurance page on 20 December 2019 confirmed it compares quotes from multiple carriers rather than publishing fixed prices, stating cost depends on industry and risk factors, coverage limits, location, and number of employees.
  • They diverge on capability: Five Sigma covers Claim file management, Insureon covers Fast quotes.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Five Sigma and Insureon actually diverge.

Attributes where Five Sigma and Insureon differ
AttributeFive SigmaInsureon
PlatformsWeb, APIWeb, Ios, Android
FoundedUnknown2017

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Insurance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Five Sigma

  • Claim file management
  • Automation rules
  • Adjuster decision support
  • Vendor and litigation management
  • Configurable lines
  • Reporting and data export

Only in Insureon

  • Fast quotes
  • Instant online binding
  • Coverage customization
  • Online policy management
  • 24/7 customer support
  • Mobile app
  • Document access
  • Claims assistance

What people use each for

The jobs each tool is most often brought in to do.

Five Sigma

  • A third-party administrator replacing a homegrown claims system without a multi-year programmenot Insureon
  • An MGA taking claims handling in house from a delegated authority arrangementnot Insureon
  • A mid-sized carrier that needs a modern claims system but cannot fund a core suite replacementnot Insureon
  • A programme business that must report claims data to capacity providers in a consistent formatnot Insureon

Insureon

  • Fast insurance procurementnot Five Sigma

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Five Sigma

  • The reference base is small compared with established claims vendors, so procurement and audit committees will ask for viability assurances you cannot fully answer.
  • Automation benefits depend entirely on your claim mix, and a book with high-complexity liability claims sees far less handling time reduction than a high-volume property book.
  • There is almost no third-party integrator market, so implementation, configuration and later changes route through the vendor and its capacity becomes your constraint.
  • Deep integration with legacy policy systems is your responsibility, and claims platforms are only as useful as the policy and coverage data flowing into them.
  • Regulatory reporting for many United States states is not as complete out of the box as it is on platforms that have served American carriers for decades, so expect some reporting build.

Insureon

  • The Internet Archive's capture of Insureon's small business insurance page on 20 December 2019 confirmed it compares quotes from multiple carriers rather than publishing fixed prices, stating cost depends on industry and risk factors, coverage limits, location, and number of employees.

Pricing, plan by plan

Five Sigma

On request
  • Five Sigma Claims$undefined/year
    • Claims administration
    • Automation and decision support
    • Configurable lines of business

Insureon

On request
  • General Liability$undefined/month
    • Fast quotes
    • Instant binding
    • Multiple coverage options

Which should you pick?

Choose Five Sigma if

  • You need claim file management.
  • You work on Web, API.
  • You also want automation rules.
Five Sigma review

Choose Insureon if

  • You need fast quotes.
  • You work on Web, Ios, Android.
  • You also want instant online binding.
Insureon review

Questions people ask

Is Five Sigma or Insureon better?
Neither clearly leads. Five Sigma starts at On request and Insureon at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Five Sigma or Insureon?
Five Sigma starts at On request and Insureon at On request.
Does Five Sigma or Insureon run on more platforms?
Five Sigma runs on Web, API. Insureon runs on Web, Ios, Android.
What is Five Sigma best used for?
Five Sigma is most often used for a third-party administrator replacing a homegrown claims system without a multi-year programme, an mga taking claims handling in house from a delegated authority arrangement, a mid-sized carrier that needs a modern claims system but cannot fund a core suite replacement, a programme business that must report claims data to capacity providers in a consistent format. Of those, a third-party administrator replacing a homegrown claims system without a multi-year programme and an mga taking claims handling in house from a delegated authority arrangement are not what Insureon is typically brought in for.
What can Five Sigma do that Insureon cannot?
Five Sigma covers Claim file management, Automation rules, Adjuster decision support, Vendor and litigation management. Insureon covers Fast quotes, Instant online binding, Coverage customization, Online policy management.

Answered from the vendors’ own pages

Five Sigma: Who is the typical buyer?

Third-party administrators, MGAs and small to mid-sized carriers that need a real claims system without a core suite budget.

Five Sigma: How does it compare with Guidewire ClaimCenter?

ClaimCenter has far more depth, references and integrator support, and costs correspondingly more with a longer implementation. Five Sigma competes on time to live.

Five Sigma: What should we test in a pilot?

Adjuster handling time on your own claim mix. The commercial case rests on that measurement, not on the feature list.

Share

Related pages

More on Five Sigma

More on Insureon

Keep looking

Other head to heads