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Ratings and Reviews 0 Ratings
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The auto insurance industry has seen a troubling 20 percent increase in total loss claims, particularly concerning collision and liability losses. Many insurers continue to face challenges with fragmented total loss operations, leading to elevated costs, dissatisfied customers, and a lack of effective oversight. Enter Total Loss Proâ„¢ from Vemark: this cutting-edge solution aims to transform the often burdensome total loss claims process into a more efficient and adaptable system that can keep pace with rapid changes in the industry. By utilizing this platform, insurers can expedite settlements, subsequently improving policyholder satisfaction. Moreover, it enhances employee morale by alleviating the frustrations that arise from outdated processes. The platform also promotes greater visibility and transparency, enabling informed, data-driven decision-making. Given the intricate nature of total loss auto claims in contrast to standard repair claims, Total Loss Pro acts as a cloud-based tool that streamlines every phase of the complex salvage vehicle process, ultimately benefiting both insurers and their clients. Additionally, by adopting this all-encompassing solution, insurance carriers can embrace a more proactive claims management approach, ensuring a seamless experience for everyone involved while also positioning themselves for future challenges.
What is Five Sigma?
Five Sigma has set out on a mission to enable claims organizations to adopt innovative solutions. Their array of claims management tools and unique platform provides insurers with the resources needed to adjust their claims processes in a rapidly changing landscape. With a comprehensive selection of Claims-First Cloud-Native and User-Centric products, Five Sigma empowers adjusters to handle claims with greater efficiency and speed. By automating repetitive administrative tasks, adjusters are able to focus on making well-informed decisions, while the system adeptly takes care of the remaining operations. The introduction of Clive™ by Five Sigma marks a significant advancement in the industry, as it is the first AI-driven claims adjuster designed to transform how insurers, MGAs, and TPAs process claims. Utilizing advanced AI and automation technology, Clive enhances the entire claims lifecycle, starting from the First Notice of Loss (FNOL) right through to the final settlement. This intelligent agent not only increases the efficiency of claims management but also enhances precision and minimizes expenses by automating a range of tasks, ultimately creating a more seamless and effective process for all parties involved. Furthermore, Five Sigma’s commitment to innovation is paving the way for a new era in claims management that promises to benefit the entire industry.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Vemark
Company Location
United States
Company Website
vemark.com/totallosspro/
Company Facts
Organization Name
Five Sigma
Company Location
United States
Company Website
www.fivesigmalabs.com
Categories and Features
Claims Processing
Adjustor Management
Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Compliance Management
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration
Categories and Features
Claims Processing
Adjustor Management
Case Management
Claim Resolution Tracking
Co-Pay & Deductible Tracking
Compliance Management
Customer Management
Electronic Claims
Forms Management
Paper-Based Claims
Payor Management
Policy Administration
Insurance Agency
Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management
Insurance Claims Management
CRM
Claims tracking
Customer portal
Document management
EDI data exchange integrations
Electronic claims
Fraud management
Reporting