Source: RAVIN AI

Oded Barak, Co-Founder and CEO at Five Sigma said, “Our partnership with Ravin AI is another step in our Automation First philosophy for claims management, integrating various AI tools and use cases with Clive, our AI Claims Adjuster. By integrating Ravin’s advanced technology with Five Sigma’s technology, we are empowering insurers to reduce cycle times, and improve accuracy, all while boosting operational efficiency”.

Eliron Ekstein, CEO of Ravin AI, added, “This partnership with Five Sigma is a game-changer for the insurance industry. By combining our AI-driven vehicle assessments with Five Sigma’s claims platform and Clive, we’re helping insurers streamline the claims process, enhance customer satisfaction, and reduce costs—all while driving innovation in auto insurance.”

Insurers using the integrated technology report a 50% reduction in claim cycle time and hundreds of dollars in savings per case.By integrating RAVIN AI’s vehicle assessment technology with Five Sigma’s Clive™, insurers and TPAs gain unparalleled automation and data-driven decision-making. When policyholders submit photos of vehicle damage via First Notice of Loss (FNOL), RAVIN’s AI instantly assesses whether the vehicle is repairable or a total loss. This assessment seamlessly updates in Five Sigma’s claims management platform (or other CMS), allowing adjusters to make faster, more accurate claims decisions.

Read the full article: https://www.ravin.ai/blog/ravin-ai-and-five-sigma-partner-to-transform-auto-claims-with-ai-powered-vehicle-assessments