RAPID X is RiskStream's auto claims data exchange solution, leveraging blockchain technology to streamline data sharing between insurance carriers. By enabling earlier claims intervention, RAPID X helps insurers identify injuries, reduce costs, improve outcomes, and more efficiently share data.
Five Key Benefits of RAPID X
Expedites time to FNOL allowing for early intervention on injury claims.
Reduces FNOL intake and reporting time.
Shortens claim cycle time with improved customer satisfaction.
Reduces third-party data vendor cost.
Reduces phone calls & emails between insurance carriers.
$62 million to $173 million savings
Potential industry-wide savings when RAPID X is adopted broadly
$100,000+
How much can your company save? With a few data inputs, our ROI calculator can quickly assess your potential savings.
7 days saved!
In an industry where every second matters, RAPID X expedites time to FNOL by 7 days.
Download our RAPID X ROI Report.
Ready to see your savings?
Contact us today to discuss early adopter incentives and purchasing options!
How does RAPID X work?
Let us show you how in this quick video.
The Institutes RiskStream Collaborative® is pleased to announce the 2024 recipients of its prestigious Leadership award.
RiskStream’s Leadership Award honors companies that have demonstrated exceptional commitment to RiskStream Collaborative by championing the pilot of the RAPID X auto claims data-exchange solution. It celebrates their visionary leadership, unwavering dedication and collaborative spirit, all of which have been instrumental in advancing the RAPID X solution within the auto insurance industry.
Along with their leaders, these companies exemplify innovation, creative problem-solving and a steadfast dedication to improving the auto industry through cutting-edge technologies like RAPID X.
Read the press release here.
Tomorrow’s Auto Claims Data Exchange Has Arrived!
As digitization, mobility and connected vehicle technologies transform auto insurance, a better auto claims data exchange solution is now critical – and it's here. Read More
