Vitesse, a global treasury and payment provider for the insurance sector, and Five Sigma, an AI-powered claims management technology innovator, have announced a strategic partnership aimed at streamlining claims payouts and enhancing customer experience.
The collaboration addresses the growing demand for modernised claims and payment infrastructure within the insurance industry.
The partnership integrates Five Sigma’s AI-native claims management platform, which automates and optimises claims handling, with Vitesse’s real-time payment infrastructure, designed for rapid and transparent settlement disbursement. This integration is achieved through a seamless Plug & Play solution, making it readily accessible for insurers, Managing General Agents (MGAs), and Third-Party Administrators (TPAs).
Five Sigma’s AI capabilities accelerate claims processing, enabling insurers to reduce cycle times and automate simple claims through Straight-Through Processing (STP). Coupled with Vitesse’s Payee Choice feature, claimants gain the flexibility to receive payouts via their preferred method, ensuring faster and more convenient settlements.
The combined power of these technologies eliminates payment delays, reduces administrative burdens, and improves financial oversight. By leveraging AI and automation, insurers can provide a smoother, more transparent, and fully digital claims experience for policyholders.
The integration also ensures compliance with evolving regulatory requirements, offering a comprehensive solution for insurers seeking to modernize their operations. This collaboration marks a significant step forward in the digital transformation of insurance claims processing.
“The insurance industry is moving toward an era of fully connected systems, where automation and real-time financial management go hand in hand,” said Phil McGriskin, CEO & Founder, Vitesse (pictured).
“By embedding Vitesse’s payment capabilities into Five Sigma’s platform, we’re giving insurers a seamless solution that optimizes 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 U.S. expansion, which strengthens our market presence and reinforces our global leadership in claims fund management.”
“We’re glad to partner with Vitesse to further streamline and speed up claims handling, from FNOL to payment. Vitesse shares our values of speed, automation, and customer service.” said Oded Barak, CEO and Co-founder, Five Sigma.
“We offer insurers the most effective technology tools for end-to-end claims management. 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.”
The collaboration represents a shift from outdated, manual claims payment processes to an integrated and automated approach that links claims management, capital oversight, and real-time payments. Insurers leveraging this integration can reduce operational
costs, streamline reconciliation, and improve liquidity management, while ensuring compliance with evolving industry regulations.
