Guest Information
Chrysa Jones
– Co-Founder and COO of StreamSettle
– LinkedIn Profile
– Background: Transitioned from teaching to insurtech entrepreneurship
Episode Highlights
– Origin Story: How Chrysa transitioned from teaching to founding StreamSettle
– The Problem: Traditional settlement negotiations are inefficient and costly
– The Solution: StreamSettle’s innovative approach to claims settlement
– Platform Features:
– Blind testing of settlement positions
– Unbiased mediation process
– Risk-free settlement model
– Structured turn-based negotiation
– Business Model: Pay-only-on-success pricing structure
– Results: Discussion of pilot program outcomes and user feedback
Key Takeaways
1. StreamSettle helps reduce litigation costs for both insurers and plaintiff attorneys
2. The platform maintains confidentiality while testing true settlement positions
3. Eliminates bias by focusing solely on numerical comparisons
4. Structured approach reduces posturing during negotiations
5. Addresses the growing concern of nuclear verdicts in the insurance industry
About StreamSettle
StreamSettle is a revolutionary software platform designed to streamline the claims settlement process by providing a secure, unbiased environment for negotiations between insurers and plaintiff attorneys. The platform’s unique approach allows parties to test settlement positions without revealing actual numbers, potentially avoiding costly litigation while saving time and resources for all parties involved.
About Nicholas Lamparelli
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist.
