Signal
Fast Claim Payments
Insurance Claim PayoutAdjuster-approved claim disbursement. Same-day claim payment instead of mailed checks, with reduced fraud through verified payee identity.
Coinbax Controls Used
This concept leverages the following programmable controls to create a secure, compliant payment flow.
Approval Gate
Multi-Party AuthAdjuster approval required
KYC Verification
Compliance GatesVerify payee identity
Compliance Check
Compliance GatesOFAC screening
Amount Routing
Conditional ReleaseDirect to claimant or service provider
Use Case Example
Scenario
Auto Insurance Accident Settlement
- 01
The Challenge
An auto insurer processes 5,000 claims monthly. After adjuster approval, claimants wait 7-14 days for check delivery, leading to poor satisfaction scores and increased call center volume.
- 02
The Solution
Once the adjuster approves a claim, funds transfer instantly to the claimant's verified account. Body shops can also receive direct payment, eliminating the need for claimants to manage repair costs.
- 03
The Result
Claim-to-payment reduced from 14 days to same-day, NPS improved by 35 points
Ideal for
For carriers where the wait starts after the claim is approved
Insurance Carriers
Automate claim payouts while maintaining full compliance with state regulations and internal fraud prevention policies.
Claims Administrators
Process high volumes of claims with programmable verification gates that ensure accuracy and reduce processing time.
Benefits Providers
Disburse employee benefits, health reimbursements, and wellness incentives with automated verification workflows.
Risk Management
Implement programmable controls that enforce underwriting guidelines and prevent unauthorized payouts.