InsurTech100: Five Sigma Recognized as a Leading Insurance Technology Innovator
New York, September 30, 2025 – Five Sigma, a leading AI-native claims management technology company, has been recognized by research firm FinTech Global as one of the most innovative companies in the insurance technology sector for 2025 in the InsurTech 100 list. This is the second time in a row that Five Sigma is on this prestigious list. FinTech Global,…
New York, September 30, 2025 – Five Sigma, a leading AI-native claims management technology company, has been recognized by research firm FinTech Global as one of the most innovative companies in the insurance technology sector for 2025 in the InsurTech 100 list. This is the second time in a row that Five Sigma is on this prestigious list.
FinTech Global, a specialist research firm, has unveiled the latest 2025 edition of its prestigious InsurTech100 list, which collates the sector’s most-prominent trailblazers.
This edition comes amid explosive growth in the InsurTech sector, driven by the adoption of AI technologies and evolving customer demands. Forecasts project that the Insurtech market will reach a size of $152 billion by 2030, growing at a CAGR of 53%.
Given this rapid evolution, competition for a place on the 2025 InsurTech100 is more intense than ever. To compile the list, a panel of seasoned analysts and industry experts carefully reviewed over 2,100 InsurTech companies.
Five Sigma was acknowledged for its ability to leverage AI technology to solve critical claims management challenges and enhance efficiency across the insurance value chain.
Clive
, our award-winning Multi-Agent AI Claims Expert, is at the forefront of this innovation. Clive adds AI and automation to any existing claims management system (CMS) to automate routine tasks, dynamically plan claim handling, and advance the claim automatically according to the insurer’s operating procedure (SOP). Clive manages multiple AI agents that handle and automate different tasks and claim handling stages, including: intake, triage, liability assessment, coverage, communications, fraud detection, compliance, settlement, and more.
Five Sigma’s CTO and CPO Share Light on Clive’s AI Architecture in an Interview
In a recent industry interview, Michael Krikheli (Co-Founder and CTO) and Gil Nechushtai (Chief Product Officer) of Five Sigma offered a behind-the-scenes look at how the company’s breakthrough product—Clive, the Multi-Agent AI Claims Expert—is reshaping insurance operations. With a technical and product leadership perspective, the two executives explained how Clive has gone from launch to wide adoption in just one year, helping insurers and TPAs reduce claim cycle times, improve accuracy, and unlock millions in operational savings. Their conversation revealed a maturing market—one that is no longer content with AI demos and pilots, but demanding real, production-level ROI.
Krikheli and Nechushtai emphasized that Clive was designed from the ground up to tackle the three core reasons AI projects often fail: poor production readiness, generic models, and a broken user experience. Clive overcomes these challenges by embedding deep insurance domain knowledge, tailoring AI behavior to each insurer’s SOPs, and offering flexible automation modes—ranging from assistive decision support to full straight-through processing. Built on Google’s Vertex AI and Gemini LLM, Clive is far more than a chatbot; he’s a full-fledged AI team. His agents specialize in tasks like coverage analysis, triage, and compliance, working collaboratively to advance each claim. Nechushtai summed it up best: “Each agent is a standalone unit, but together, they work like a team of expert adjusters.” For claims leaders, this means faster deployments, higher adjuster productivity, and a future-proof AI strategy that can scale with them—one agent at a time.
2 Case Studies of Clive’s Tangible Results
The real-world impact of Clive comes to life through standout case studies, such as INSHUR—a leading UK insurer serving rideshare and delivery drivers. Faced with a daily flood of inbound claims emails, INSHUR’s adjusters were bogged down in time-consuming triage tasks. By deploying Clive to automate email classification and claim matching, the company halved its claim email handling time and achieved a 97% accuracy rate in email-to-claim matching. This allowed adjusters to shift focus toward decision-making and customer service. As Marc Mercer, Director of European Claims, put it: “Clive unlocked momentum… enabling us to scale operations without scaling costs.” That’s automation-first in action.
At Resorts World Las Vegas, Clive proved his value not only through efficiency—but through significant financial savings. Processing over 1,500 claims annually, the organization integrated Clive into its workflows in just three weeks. Once deployed, Clive replaced costly external expert reviews by analyzing complex claims documents and surfacing critical insights—instantly. In addition to $150K in monthly savings on expert reviews, the team also saw a 33% boost in adjuster productivity and measurable reductions in litigation exposure. Mark Habersack, Executive Director of Risk Management, noted that Clive empowers adjusters to focus on decisions that matter most while delivering scalable, AI-driven oversight. It’s a clear example of Clive not just assisting with claims—but transforming operations at scale.
Download the Insurtech100 Report about Five Sigma and Clive here.
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