Insurtech Firm Coterie Insurance, Five Sigma to Create Long-term Value for Small Businesses

Coterie Insurance, the partnership-focused insurtech MGA simplifying small business insurance, announced a new partnership with Five Sigma, a claims management platform designed to streamline claims handling.

The two companies are committed to “delivering innovation to simplify the insurance process across the value chain.”

Morgan Smith, COO at Coterie Insurance, said:

“We’re thrilled to partner with Five Sigma to help supercharge our claims operations and enhance our commitment to a thoroughly digital and user-first claims experience, This partnership will give us the ability to streamline processes, stay organized, improve accuracy, increase efficiency, reduce claim cycle time, and increase customer satisfaction.”

Coterie will use Five Sigma as “a digital alliance hub, connecting policyholders, compliance, service providers, and an insurance and partner ecosystem. Historical and online data will provide claims intelligence, assisting Coterie with performance, workflows, and smarter decisions for three lines of business, including Professional Liability, General Liability, and Business Owners’ Policies.”

Oded Barak, CEO and co-founder of Five Sigma, said:

“We are excited to partner with Coterie to provide a solution that helps them accelerate their strategic objectives and ambitious growth plans. By leveraging our vertical SaaS claims management solution and robust API framework, Coterie will be able to offer their customers faster claim resolution times and an enhanced digital experience.”

Five Sigma says that it “offers SaaS delivery, flexible configurations, API integrations, data-driven/real-time results, and intelligent automations.”

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