Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, an AI-native claims management technology firm, have announced a strategic partnership to modernise claim payouts and enhance customer experience in insurance claims.
The combination of Five Sigma's claims management platform and Vitesse’s real-time payment structure, will mean insurers leveraging both platforms can now eliminate delays, reduce administrative burdens, and improve financial oversight, the firms say.
Phil McGriskin, CEO and founder of Vitesse, says: “By embedding Vitesse’s payment capabilities into Five Sigma’s platform, we’re giving insurers a seamless solution that optimises the entire claims lifecycle — from reserve management to final disbursement — while ensuring faster and transparent payments that enhance policyholder experience.
“This is also an important step forward in our US expansion, which strengthens our market presence and reinforces our global leadership in claims fund management.”
Oded Barak, CEO and co-founder of Five Sigma, adds: “By integrating our claims management platform with Vitesse’s advanced payment capabilities, we’re enabling insurers to deliver unmatched operational efficiency and policyholder satisfaction.
“Faster claims settlements and stronger financial control directly benefit our customers and the broader insurance ecosystem.”
