BidClaim: A Collaborative Claim-Settlement Platform
Modernizing claim settlement through governed, competitive bidding
BidClaim is making the move from estimate assumption to market validation.
Why the current process falls short
Estimates play an important role in claims process, but they may not always reflect real-time market pricing.
Estimates provide guidance—validated pricing provides certainty
Pricing software often lags real market conditions by months, creating persistent gaps between projected and actual claim costs at settlement.
Supplements & Disputes Arise
When pricing diverges from expectations, supplements and disputes multiply — adding friction, delay, and expense to a process that should be straight forward.
Pricing Lacks Visibility
In many cases, pricing is not fully visible, making it harder to consistently evaluate final outcomes. Property owners are left sorting through conflicting bids without a clear framework.
Structured Bidding, Grounded in Real Market Data
BidClaim introduces structured bidding aligned with policy-defined scope, enabling consistent pricing visibility while preserving property owner choice.
By bringing real market input into the process, it reduces supplement friction, stabilizes claim severity, and helps lower loss adjustment expense for carriers.
Policy-Defined Scope
Bidding is aligned with policy-defined scope, ensuring consistent pricing visibility while preserving property owner choice.
Lowers Loss Adjustment Expense
By stabilizing claim severity through market validation, BidClaim helps carriers measurably reduce their loss adjustment expense.
Reduces Supplement Friction
Real market input replaces assumption-based estimates, reducing the supplement cycle and stabilizing claim severity for carriers.
Property Owner Choice Preserved
Owners receive scope-informed bids from contractors of their choice — the platform structures the process, not the decision.
How It Works
BidClaim introduces a structured and standardized open-bidding process, allowing market-based pricing to emerge within a defined framework — traceable and transparent for every party.
1
Adjuster Invites Owner
Property owners are invited by their insurance adjuster to participate in a structured claim settlement process through BidClaim.
2
Owner Receives Scope-Informed Bids
Property owners receive scope-informed bids from their contractors of choice, structured within the platform’s defined framework.
3
Market Pricing Validates Settlement
Submitted bids create market-based pricing visibility, enabling informed selection and supporting adjusters in validating and settling the claim.
Claim Resilience Initiative
The Claim Resilience Initiative is an emerging industry endeavor focused on bringing greater structure, transparency, and consistency to property claim settlement.
Market-based pricing, resilient materials, and clearer execution can build a more consistent ecosystem that reduces friction and improves confidence for all parties involved.
“This is not a new system being imposed. It is a shift already taking shape”
Founding Partner Program
Early Alignment Matters
A select group of organizations are aligning early with the Claim Resilience Initiative and the industry-wide shift toward more structured, market-informed claim processes. Participation provides early positioning within the BidClaim ecosystem and visibility as the system continues to take shape.
Become a Founding Partner