Founders

Five Sigma was founded in 2017 to leverage insurance data with deep tech. Oded Barak, Co-founder and CEO, and his partners in Five Sigma brought in domain experts in claims and tech and worked to put together a cloud solution that transformed the claims management market. Now, they’ve released another such product.

Five Sigma’s AI adjuster Clive is transforming claims management

Five Sigma was founded in 2017 to leverage insurance data with deep tech. Oded Barak, Co-founder and CEO, and his partners in Five Sigma...
As the spotlight on Environmental, Social, and Governance (ESG) issues intensifies, insurance companies are faced with the complex task of aligning their strategies with the broader ESG landscape. As new research from Solera surfaces suggesting that customers are increasingly seeking proof of ESG commitment, FinTech Global examines how these ESG considerations are affecting insurers.

How ESG considerations are changing the InsurTech landscape

As the spotlight on Environmental, Social, and Governance (ESG) issues intensifies, insurance companies are faced with the complex task of aligning their strategies with the broader ESG landscape. As new research from Solera surfaces suggesting that customers are increasingly seeking proof of ESG commitment, FinTech Global examines how these ESG considerations are affecting insurers.
The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 

Data analytics – the next frontier for insurance  

The digital transformation of the insurance industry has been underway for many years. Carriers have drastically improved their efficiency, speed and accuracy through the implementation of new technologies. Now the sector may be looking towards data analytics to make the latest leap in the space. 
Why Fortegra's Joe Lettween is underwhelmed by current InsurTech innovation

Why Fortegra’s Joe Lettween believes the InsurTech sector still has room to grow

The InsurTech sector for commercial insurance carriers has not evolved as quickly as expected, according to Joe Lettween, chief innovation, data science, and technology...
How Ascent is helping insurers and reinsurers boost profitability

How Ascent is helping insurers and reinsurers boost profitability

Founded in 2005, Ascent has a key mission: help insurers and reinsurers become more profitable by accelerating their ability to transact. We recently spoke to CCO George Earp and Principal Architect Konrad Pfeffer to find out more.
Does insurance need to foster greater engagement with consumers?

Does insurance need to foster greater engagement with consumers?

Go to any FinTech event and it is instantly clear that customer engagement is a major priority for most companies. Given its significance, are insurance firms doing enough or should they be doing more?

How Cloud Insurance helps insurers in “our chaotic and exciting world”

Cloud Insurance started life after a string of coincidences. Axel Sjøstedt was studying at university and to help pay the student financing he did some tech consulting on the side.

Staying relevant – how can the insurance industry adapt to the 21st century?

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Why improving claims experiences could mean more business for insurers

In digital transformation initiatives, claims experiences have often been neglected due to the fact they are an expense and not a value driver. However, improving customer experience in these processes could be the secret to keeping more clients. One of the companies pioneering this charge is Benekiva.

How Bdeo’s rebrand has set it on its path to expansion

Bdeo, which builds visual intelligence for motor and home insurance firms, is currently going through big changes as it looks to reinforce its identity. As part of this effort, the Spanish InsurTech recently underwent a rebranding.

News Stories

Broadstone, a leading UK financial services consultancy, has acquired ExactVAL, a specialist provider of actuarial valuation and cashflow analysis services, to strengthen its position in the bulk purchase annuity market.

Broadstone snaps up ExactVAL to enhance life insurer analytics

Broadstone, a leading UK financial services consultancy, has acquired ExactVAL, a specialist provider of actuarial valuation and cashflow analysis services, to strengthen its position in the bulk purchase annuity market.
Cytora, an AI-driven digital risk processing platform used across the commercial insurance ecosystem, has unveiled Concierge, a major update to its platform.

Concierge by Cytora streamlines multi-request insurance workflows

Cytora, an AI-driven digital risk processing platform used across the commercial insurance ecosystem, has unveiled Concierge, a major update to its platform.
SmartStream, a global provider of financial Transaction Lifecycle Management (TLM®) solutions, has announced the expansion of its AI-powered reconciliation and data management platform, SmartStream Air, into the insurance sector.

SmartStream launches AI reconciliation tool for insurers

SmartStream, a global provider of financial Transaction Lifecycle Management (TLM®) solutions, has announced the expansion of its AI-powered reconciliation and data management platform, SmartStream Air, into the insurance sector.
Markel Insurance has announced the launch of InsurtechRisk+, a specialised insurance solution tailored for InsurTech businesses operating across multiple global markets.

Markel unveils InsurtechRisk+ to protect global InsurTechs

Markel Insurance has announced the launch of InsurtechRisk+, a specialised insurance solution tailored for InsurTech businesses operating across multiple global markets.
The Health and Protection insurance sector stands at a critical juncture. While consumers have grown accustomed to seamless digital experiences from the likes of Amazon, Google and Uber, insurers continue to fall short, according to Comarch. Today’s customers want digital services that value their loyalty and make interactions easy. Unfortunately, most Health and Protection insurers are burdened by outdated systems and an industry culture steeped in conservatism.

Health insurers stuck behind the digital curve

The Health and Protection insurance sector stands at a critical juncture. While consumers have grown accustomed to seamless digital experiences from the likes of...

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