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

Swiss HealthTech dacadoo has partnered with Brazilian insurer Bradesco Vida e Previdência to launch a digital health engagement platform designed to enhance customer wellness and foster long-term policyholder engagement.

dacadoo to power Bradesco preventative health platform

Swiss HealthTech dacadoo has partnered with Brazilian insurer Bradesco Vida e Previdência to launch a digital health engagement platform designed to enhance customer wellness...
Ascend, a leading InsurTech, has agreed to merge with premium finance provider Honor Capital in a deal aimed at creating what the companies describe as the insurance industry’s first fully vertically integrated financial operations platform.

Ascend and Honor Capital merge for integrated insurance finance platform

Ascend, a leading InsurTech, has agreed to merge with premium finance provider Honor Capital in a deal aimed at creating what the companies describe...
MoneySuperMarket has added energy comparison services to its app on ChatGPT, allowing users to search for and compare tariffs directly through the AI platform.

MoneySuperMarket expands ChatGPT app with energy deals

MoneySuperMarket has added energy comparison services to its app on ChatGPT, allowing users to search for and compare tariffs directly through the AI platform. The...
Delays in US property and casualty insurance rate filings are costing insurers an estimated $72.8m per day, with most objections linked to preventable operational errors rather than disputes over pricing itself, according to new research from ZestyAI. 

Insurers lose $72.8m daily to filing delays

Delays in US property and casualty insurance rate filings are costing insurers an estimated $72.8m per day, with most objections linked to preventable operational...
Zurich Insurance has deployed Cytora’s AI-powered risk digitisation platform across five countries in just 90 days, cutting manual underwriting triage time by 80% as part of a wider global rollout.

Zurich cuts underwriting processing time with Cytora AI

Zurich Insurance has deployed Cytora’s AI-powered risk digitisation platform across five countries in just 90 days, cutting manual underwriting triage time by 80% as...
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