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Insurance · head to head

Five Sigma vs Splice Software

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
Splice Software logo

Splice Software

Insurance

Digital transformation for insurance agents

From
$149/month
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.; Splice Software pricing is not published; the site says pricing fits your budget without stating any figure
  • They diverge on capability: Five Sigma covers Claim file management, Splice Software covers Client portal.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Five Sigma and Splice Software actually diverge.

Attributes where Five Sigma and Splice Software differ
AttributeFive SigmaSplice Software
Starting priceOn request$149/month
Pricing modelquotesubscription
PlatformsWeb, APIWeb, Ios, Android
FoundedUnknown2015

Identical on both: 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 Splice Software

  • Client portal
  • Policy management
  • Document management
  • Communication tools
  • Task automation
  • Client engagement tracking
  • Mobile app
  • Analytics dashboard

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 Splice Software
  • An MGA taking claims handling in house from a delegated authority arrangementnot Splice Software
  • A mid-sized carrier that needs a modern claims system but cannot fund a core suite replacementnot Splice Software
  • A programme business that must report claims data to capacity providers in a consistent formatnot Splice Software

Splice Software

  • Automated outbound customer messaging across voice, text and emailnot Five Sigma
  • Personalised policy and renewal notifications for insurersnot Five Sigma
  • Opt-in and consent management for outbound contactnot Five Sigma
  • Automated surveys after a customer interactionnot 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.

Splice Software

  • Pricing is not published; the site says pricing fits your budget without stating any figure
  • Sold mainly into insurance and regulated industries, and much of its value comes from integrations with systems like Duck Creek, Majesco and EZLynx

Pricing, plan by plan

Five Sigma

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

Splice Software

$149/month
  • Core$149/month
    • Client portal
    • Policy management
    • Document sharing
  • Professional$349/month
    • All Core features
    • Advanced analytics
    • Carrier integrations

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 Splice Software if

  • You need client portal.
  • You work on Web, Ios, Android.
  • You also want policy management.
Splice Software review

Questions people ask

Is Five Sigma or Splice Software better?
Neither clearly leads. Five Sigma starts at On request and Splice Software at $149/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Five Sigma or Splice Software?
Five Sigma starts at On request and Splice Software at $149/month.
Does Five Sigma or Splice Software run on more platforms?
Five Sigma runs on Web, API. Splice Software 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 Splice Software is typically brought in for.
What can Five Sigma do that Splice Software cannot?
Five Sigma covers Claim file management, Automation rules, Adjuster decision support, Vendor and litigation management. Splice Software covers Client portal, Policy management, Document management, Communication tools.

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.

Splice Software: How much does Splice Software cost?

Splice Software does not publish specific pricing rates online. The website states 'Pricing that fits your budget,' but directs customers to request a custom demo or contact the company directly to discuss pricing based on their individual needs.

Source
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.

Splice Software: What is Splice Software's pricing model?

Pricing is customized per customer. Interested users must sign in to the application portal, request a demo, or contact Splice directly to receive a quote tailored to their specific requirements.

Source
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.

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