RAPID X Earns 2025 Claims Innovation Honor from PropertyCasualty360

RAPID X, the auto claims data exchange solution developed by The Institutes RiskStream Collaborative, has been recognized in PropertyCasualty360’s Insurance Luminaries Class of 2025 for Claims Innovation. Launched in 2024, RAPID X utilizes blockchain technology to facilitate secure, real-time sharing of loss incident data among insurance carriers involved in multi-party automobile claims.

This innovation aims to streamline claims processing by reducing inefficiencies and operational costs while accelerating claims resolution for policyholders. By enhancing data transparency and collaboration, RAPID X sets a new standard in the auto insurance claims ecosystem, supporting earlier claims intervention, injury identification, and improved overall outcomes for insurers. The Institutes RiskStream Collaborative focuses on integrating emerging technologies to improve risk management efficiency and customer experience within the property and casualty insurance sector.

The PropertyCasualty360 Insurance Luminaries programs highlight key advancements and ethical leadership across claims innovation and other categories, celebrating entities that contribute substantially to modernizing the insurance industry.