The Institutes RiskStream Collaborative
The Institutes RiskStream Collaborative is a non-profit industry hub that designs and deploys blockchain and emerging technology solutions for U.S. insurance carriers, producers, reinsurers, and regulators, with core products including the RAPID X auto claims exchange and the Property Risk Data Portal built on Hedera.
- Company typePrivate
- Founded2022
- HeadquartersMalvern, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What The Institutes RiskStream Collaborative does
The Institutes RiskStream Collaborative is a non-profit industry hub that designs, builds, and deploys blockchain and emerging technology solutions for the insurance industry. Founded in 2017 and operating under The Institutes umbrella from Malvern, Pennsylvania, the organization serves as a multiparty solution convener for insurance carriers, producers, reinsurers, technology providers, regulators, and industry associations. Its core product, RAPID X, is a blockchain-powered auto claims data exchange that enables U.S. auto insurers to share accident information instantly, reducing first notice of loss time by an average of seven days. The Property Risk and Resilience Portal, developed in partnership with Hashgraph, uses a hybrid distributed ledger combining HashSphere's private ledger with the Hedera public network to tokenize properties and create shared identifiers for trusted property and risk data.
The organization operates a membership-based business model with Principal Members (carriers, producers, reinsurers) and Associate Members (providers, collaborators, non-profits, civics), generating subscription-style recurring revenue plus transaction fees in HBAR cryptocurrency from on-chain data checks. Eight major U.S. property insurers have integrated Hedera through the platform. Supporting initiatives include the AI Council Initiative (partnering with Pypestream to deliver AI Agents), IngestAI for data extraction from loss runs and schedules, the SuretyDIGIT Coalition for surety bond digitization with 17 founding members, and educational programs through RiskStream Explores and the Learning Hub. RiskStream does not disclose pricing or revenue publicly and engages prospects through scheduled calls and demo requests rather than transactional sales channels.
The Institutes RiskStream Collaborative firmographics
Firmographics- Name
- The Institutes RiskStream Collaborative
- Legal name
- The Institutes RiskStream Collaborative
- Website
- https://RiskStream.org
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Institutes RiskStream Collaborative is a non-profit industry hub that designs and deploys blockchain and emerging technology solutions for U.S. insurance carriers, producers, reinsurers, and regulators, with core products including the RAPID X auto claims exchange and the Property Risk Data Portal built on Hedera.
- Ownership category
- akta.pro rank
The Institutes RiskStream Collaborative industry classification
Industry- Product category
- Insurance Blockchain Solutions
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- IoT/Connected Risk Prevention & Parametric Triggers Platforms (FSAGAGAG)
Keywords
Where The Institutes RiskStream Collaborative is headquartered
LocationHeadquarters
- HQ city
- Malvern
- HQ country
- United States
- HQ region
- North America
Markets served
The Institutes RiskStream Collaborative business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Membership Fees: RiskStream Collaborative operates as a non-profit industry hub with membership-based revenue. Principal Members include insurance carriers, producers, and reinsurers, while Associate Members include providers, collaborators, non-profits, and civics.
- Transaction Fees (HBAR): Fee demand created from on-chain data checks on the Hedera network, paid in HBAR cryptocurrency. Eight major US property insurers have integrated Hedera for on-chain data verification creating fee demand.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
The Institutes RiskStream Collaborative product offering
Product offeringCore offering
RiskStream Collaborative is a non-profit multiparty solution hub that designs, builds, and deploys blockchain and emerging technology solutions for the insurance industry. Its core offerings include RAPID X, a blockchain-powered auto claims data exchange platform that enables U.S. auto insurers to instantly share critical accident information and accelerate first notice of loss by an average of seven days, and a Property Risk Data Portal that uses a hybrid distributed ledger model to tokenize properties and create trusted data sharing among insurers, brokers, and reinsurers.
Product overview
The Institutes RiskStream Collaborative operates as a multiparty solution hub for the insurance industry, offering a platform-plus-modules architecture centered on blockchain-based data exchange solutions. The core products include RAPID X (a blockchain-powered auto claims data exchange platform) and the Property Risk Data Portal (an interoperable hybrid distributed ledger solution for property risk management). Supporting modules include the AI Council Initiative, RiskStream Explores, Learning Hub, Solutioning Process, and Emerging Tech Platforms, all designed to help insurance carriers, producers, reinsurers, and other members research, explore, and collaborate with data using emerging technology in an efficient, secure, compliant, and standardized manner.
Differentiator
Problem solved
Functional benefit
Brands
- RAPID X: Blockchain-powered auto claims data exchange platform that enables U.S. auto insurers to instantly share critical accident information after a loss. The platform accelerates time to first notice of loss by an average of seven days.
- SuretyDIGIT Coalition
Products and services
- RAPID X A blockchain-powered auto claims data exchange platform that enables U.S. auto insurers to instantly share critical accident information after a loss, accelerating first notice of loss by an average of seven days and delivering millions of dollars in projected industry-wide savings through reduced claim cycles, duplicate outreach, and third-party vendor costs.
- Property Risk Data Portal An interoperable property risk and resilience portal utilizing a hybrid distributed ledger model combining HashSphere's private ledger with the Hedera public network, designed to create a single trusted source of property and risk data for insurers, brokers, and reinsurers by tokenizing commercial and residential properties for standardized shared identifiers.
- IngestAI A purpose-built AI solution that extracts critical data from complex applications, loss runs and schedules with high accuracy, delivering actionable intelligence without requiring changes to core or underwriting systems. It removes friction and duplicate data entry and analysis for insurance underwriting workflows.
Quantifiable outcome
- Accelerates time to first notice of loss by an average of seven days
- +3 more outcomes
Companies that use The Institutes RiskStream Collaborative
Customer profileNamed customers2 records
Segments7 records
Ideal customer profiles3 records
The Institutes RiskStream Collaborative technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
The Institutes RiskStream Collaborative partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and supporting.
- Hashgraph (Hedera)coreHashgraph, the organization behind Hedera, partnered with RiskStream Collaborative to develop an interoperable property risk and resilience portal. The solution uses a hybrid distributed ledger model combining HashSphere's private ledger with the Hedera public network. The portal aims to tokenize commercial and residential properties to create shared identifiers and trusted property data for insurers, brokers, and reinsurers.
- PypestreamsupportingRiskStream partnered with Pypestream to expand member access to AI technology, aiming for improved business outcomes. The collaboration focuses on AI Agents that help insurers accelerate claims and policy management, improve customer satisfaction, reduce costs, and overcome legacy technology constraints.
- Eight Major US Property InsurerscoreEight major US property insurers have integrated Hedera through RiskStream Collaborative for on-chain data checks, creating fee demand paid in HBAR cryptocurrency. This integration demonstrates industry adoption of the blockchain-based property risk verification system.
- SuretyDIGIT Coalition (17 Founding Member Companies)supportingSuretyDIGIT Coalition is a collaborative initiative focused on digitizing the surety bond process in the insurance industry. RiskStream Collaborative honored 17 companies as recipients of the 2024 Innovator Award for their contributions as founding members, recognizing blockchain applications as key drivers for digital transformation.
- US Auto InsurerscoreMultiple US auto insurers have adopted RAPID X, the blockchain-powered auto claims data exchange platform launched by RiskStream Collaborative. The platform enables carriers to instantly share critical accident information after a loss, accelerating claims processing and reducing industry costs.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
The Institutes RiskStream Collaborative competitors and assessment
Company assessmentDirect peers
- B3i (Multiverse): B3i, now operating as Multiverse, is a blockchain consortium specifically focused on the insurance and reinsurance industry. It is the closest direct peer to RiskStream, sharing the multiparty blockchain-enabled data exchange model for insurance carriers, though it historically focused on reinsurance rather than auto claims and property.
- Insurwave: Insurwave is a blockchain-based platform for marine and cargo insurance, originally a joint venture involving EY, Guardtime, and others. It directly parallels RiskStream's multiparty blockchain data exchange approach in insurance, albeit in a narrower line of business.
- ChainThat: ChainThat provides a blockchain-enabled platform for commercial insurance placement, smart contract orchestration, and reinsurance. It is a direct peer to RiskStream in bringing distributed ledger technology to insurance industry workflows.
Broad incumbents
- R3 (Corda): R3's Corda enterprise blockchain platform is used across financial services including insurance for multiparty data sharing and smart contracts. It is a broader incumbent in the same space RiskStream targets with HashSphere+Hedera, with a wider customer base beyond insurance.
- ACORD: ACORD is the dominant insurance industry standards body for data exchange formats. It is comparable to RiskStream in its role of coordinating industry data standardization, but operates via standards rather than blockchain platforms.
- IBM Blockchain: IBM offers enterprise blockchain solutions, including insurance industry deployments, as part of a broader portfolio spanning many verticals. It is comparable as a large incumbent enabling distributed ledger technology for insurers, but is not insurance-specialized.
- The Institutes: The Institutes is the parent organization of RiskStream and a long-established insurance industry education, research, and credentialing body. It is comparable as the broader ecosystem around RiskStream, providing member credibility and industry reach but operating in education rather than technology platforms.
Others
- EY OpsChain (EY Blockchain): EY's blockchain practice builds enterprise distributed ledger solutions for insurance and financial services, including prior work on Insurwave. It is comparable to RiskStream as an enabler of blockchain insurance applications, though it operates as a consulting/implementation partner rather than a multiparty consortium.
- ConsenSys: ConsenSys provides Ethereum-based enterprise blockchain infrastructure and tooling. It is comparable as an enabling technology provider for enterprise blockchain applications including in insurance, but does not directly compete with RiskStream's industry-specific consortium model.
- Hedera Hashgraph: Hedera Hashgraph is the public distributed ledger network that RiskStream uses as part of its hybrid architecture. It is comparable as a foundational technology partner enabling RiskStream's products, and both organizations jointly promote enterprise adoption of the Hedera network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Institutes RiskStream Collaborative social profiles
Digital presenceThe Institutes RiskStream Collaborative financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Institutes RiskStream Collaborative leadership team
Management profileNumber of profiles
Profiles1 record
The Institutes RiskStream Collaborative funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Institutes RiskStream Collaborative M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Institutes RiskStream Collaborative
What does The Institutes RiskStream Collaborative do?
RiskStream Collaborative is a non-profit multiparty solution hub that designs, builds, and deploys blockchain and emerging technology solutions for the insurance industry. Its core offerings include RAPID X, a blockchain-powered auto claims data exchange platform that enables U.S. auto insurers to instantly share critical accident information and accelerate first notice of loss by an average of seven days, and a Property Risk Data Portal that uses a hybrid distributed ledger model to tokenize properties and create trusted data sharing among insurers, brokers, and reinsurers.
Is The Institutes RiskStream Collaborative a public or private company?
The Institutes RiskStream Collaborative is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was The Institutes RiskStream Collaborative founded?
The Institutes RiskStream Collaborative was founded in 2022. It employs 11 to 50 people.
Where is The Institutes RiskStream Collaborative based?
The Institutes RiskStream Collaborative is headquartered in Malvern, United States, in the North America region.
How does The Institutes RiskStream Collaborative make money?
Two revenue lines are on record. Membership Fees are the primary driver. The others are transaction Fees (HBAR).
Who are The Institutes RiskStream Collaborative's main competitors?
Direct peers on record are B3i (Multiverse), Insurwave and ChainThat. Broad incumbents are R3 (Corda), ACORD, IBM Blockchain and The Institutes. Others are EY OpsChain (EY Blockchain), ConsenSys and Hedera Hashgraph.
Does The Institutes RiskStream Collaborative have an API?
No public API is recorded for The Institutes RiskStream Collaborative.
What industry is The Institutes RiskStream Collaborative in?
The Institutes RiskStream Collaborative's product category is Insurance Blockchain Solutions. Its primary akta.pro industry code is FSAGAGAG, IoT/Connected Risk Prevention & Parametric Triggers Platforms. Its NAICS code is 5242 and its SIC code is 6411.