Insurers and Claims Departments
Reduce Cycle Times. Improve LAE.
Billions are wasted every year on unnecessary claims litigation due to missing undetected settlement opportunities. Finally, there’s a safe place to detect settlements at their earliest opportunity, without showing your cards.
TESTIMONIAL
Working with StreamSettle has been an incredible partnership. They didn't just build an innovative claims platform; they worked hand and hand with our front-line users to refine StreamSettle into exactly what adjusters actually need. The platform fundamentally changes how we approach negotiations, leading to a dramatic reduction in our LAE and claims cycle times which has resulted in quicker claim dispositions. It is an absolute gamechanger for our claims team.
52%
claims settled on platform
76%
settlement detected pre-litigation
The Problem
Billions are wasted every year on unnecessary claims litigation due to missing undetected settlement opportunities. Both sides think that the other wants to delay, but in reality they both agree that a settled claim is a good claim.
The Solution
StreamSettle provides a safe place for negotiating parties to test whether their true settlement thresholds overlap without showing their cards. Neither side, nor StreamSettle can see the numbers, but our software uses patent pending encryption protocols to detect when they overlap. When they do, the parties have a binding settlement at the midpoint. If not, no numbers are revealed, no leverage is lost, and no fees are charged.
01
Detects Overlap in
True Positions
Triple-blind comparison of the insurer’s max amount and plaintiff’s bottom-line.
02
Overlap = Settlement
If the offer is at least as much as the demand, the parties have a binding settlement at the midpoint.
03
No overlap = nothing lost
If no overlap is detected, the submitted values remain encrypted and are never disclosed.
