RAVIN AI and Five Sigma Partner to Transform Auto Claims with AI-Powered Vehicle Assessments

February 5, 2025 2:38 PM

RAVIN AI and Five Sigma Partner to Transform Auto Claims with AI-Powered Vehicle Assessments

[Sydney, Australia, February 6, 2025] – RAVIN AI, a leader in AI-powered vehicle inspections, has partnered with Five Sigma, an innovator in AI claims management technology, to revolutionize auto claims processing. Through this partnership, RAVIN’s DeepDetect™, an AI vehicle assessment, has been integrated with Five Sigma’s end-to-end CMS and Clive™, the insurance industry's first AI Claims Adjuster, delivering next-level automation and efficiency to auto insurers.

Now, when policyholders submit a claim, they are prompted to scan their vehicle, generating a virtual assessment that predicts repair costs or determines total loss. Clive then automates the workflow by updating all relevant fields in Five Sigma’s AI-Native Claims Management Platform or any other CMS the insurer uses. If there are pictures of the vehicle from the FNOL, this analysis is done even faster.

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.”

Key Benefits for Insurers

Automated Triaging – Claims are routed based on loss and liability within minutes rather than days.
Increased Accuracy – AI assessments eliminate manual errors and improve consistency.
Cost Reduction – Streamlined workflows reduce operational costs, including rental car expenses.
Enhanced Customer Satisfaction – Faster claim resolutions lead to improved policyholder experiences.

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.

The result? Accelerated processing, reduced costs, and enhanced policyholder satisfaction.

‍For more information, visit www.ravin.ai or www.fivesigmalabs.com.

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‍Media Contact:

‍Avital Pessar
avital@ravin.ai

RAVIN AI and Five Sigma Partner to Transform Auto Claims with AI-Powered Vehicle Assessments

[Sydney, Australia, February 6, 2025] – RAVIN AI, a leader in AI-powered vehicle inspections, has partnered with Five Sigma, an innovator in AI claims management technology, to revolutionize auto claims processing. Through this partnership, RAVIN’s DeepDetect™, an AI vehicle assessment, has been integrated with Five Sigma’s end-to-end CMS and Clive™, the insurance industry's first AI Claims Adjuster, delivering next-level automation and efficiency to auto insurers.

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