Five Sigma

Five Sigma is a cloud claims management platform covering notice of loss, claim file handling, reserves, payments, vendor assignment, litigation tracking and reporting. It layers automation and decision support over the adjuster workflow, including document and correspondence handling, task recommendation and outlier detection on reserves and cycle time. It supports multiple lines, with property, auto and general liability the common deployments. What makes it commercially distinct is where it sits in the market. Claims platforms have historically been either a module of a multi-year core suite programme or a homegrown system that grew out of a spreadsheet. Third-party administrators, managing general agents and small carriers fall between those, needing a real claims system without a core replacement budget. Five Sigma sells into that gap and competes on implementation time rather than on the depth of a Guidewire deployment. The claim to test in a proof of concept is whether the automation reduces adjuster handling time on your actual claim mix, because the value case rests on that number rather than on features. The trade-offs are the usual ones for a younger vendor in a conservative market. Reference customers are fewer, the integrator ecosystem is thin, and carrier procurement teams will scrutinise financial viability for a system meant to hold claim records for decades. Buyers who take it accept those risks in exchange for a system that runs in months and does not require a dedicated internal delivery team.

• 

  Five Sigmavs

  

  Guidewire ClaimCenter

  Guidewire ClaimCenter: Far deeper claims functionality with a large integrator market, at a multi-year implementation

• 

  Five Sigmavs

  

  Snapsheet Claims

  Snapsheet Claims: Stronger where virtual appraisal and photo-based auto claims handling is the priority

• 

  Five Sigmavs

  

  Origami Risk

  Origami Risk: Better fit for risk pools, captives and self-insured programmes needing risk management alongside claims