ePayPolicy的动态

The future of insurance payments is a policyholder experience that is seamless, fast and convenient. As the industry continues to expand, insurance payments and the demand for instant payments will only increase. In 2022 alone, consumers received?$1.37 trillion?in insurance claim payouts. Of this amount, 20%—or $277 billion—was delivered instantly. Learn more in our latest guide: https://lnkd.in/djhpbV_t #InsurTech #DigitalTransformation #Payments

One Inc built an insurance payments giant by digitizing functions, saving operations costs for carriers. The company has contracts with ten of the top 15 carriers, handling about $70 billion in claims and premiums for 240 insurers annually. CEO Ian Drysdale points to younger generations that “prefer digital forms of payment for both premiums and claims” as a reason why carriers are using One Inc.’s network. https://lnkd.in/eUJGBZmw #insurtech #homeinsurance #claims #payments

Just came across an insightful article from PYMNTS on optimizing payment processes, specifically in the insurance industry. Here are the key takeaways: - Insurance lags behind Retail and Entertainment in offering mobile-friendly experiences. - Digitalization is crucial to meet mobile demands and enhance security, especially in fraud protection. - AI-powered applications can streamline real-time payments, reducing the need for human intervention in routine claims. Implications: - Cost savings for insurers and customers. - Enhanced user satisfaction with seamless payment experiences. - Increased renewal rates due to improved ease and convenience. #PaymentProcesses #InsuranceIndustry #DigitalTransformation

Revolutionizing Payment Systems in the Insurance Industry: Modernizing payment systems in insurance is crucial to meet evolving consumer preferences and enhance security and efficiency.

We’ve got you covered with Insurance Payments with Qip PayBy ??? Fast, efficient, and worry-free payment processes are vital for building trust and maintaining customer loyalty. With Qip PayBy, we provide an open banking, account-to-account payment solution that simplifies and enhances the way insurance payments are made. Whether it’s premium payments or claim disbursements, Qip PayBy helps you streamline your payment systems for a more efficient, secure, and cost-effective experience. Our Qip PayBy solution delivers: ??? Fast Premium Collection & Claim Payments with no red tape: Enable your customers to make and receive payments with near real-time transfers, cutting out delays in processing premiums and claims. ??Reduced Transaction Fees: Lower your costs by avoiding expensive card fees and processing charges leaving more resources for enhancing your insurance offerings and boosting profitability. ??Protect what matters most: With Qip PayBy, payments are made directly from your customers’ bank accounts, providing enhanced security and reducing the risk of fraud and data breaches giving you, your team and your customers peace of mind. ????Customer Experience you can count on: Make managing premiums and claims stress-free for your policyholders. With a smooth, digital-first payment process, you can simplify their experience and increase satisfaction. In an industry where reliability is key, Qip PayBy empowers insurance companies to provide fast, secure, and cost-effective payment solutions - ensuring that when your customers need you most, you’re able to deliver without any payment hurdles. Get in touch today to find out how Qip PayBy can streamline your payment process and strengthen and build your customer relationships ?? [email protected] #Qippay #OpenBanking #InsurancePayments #PaymentSolutions #ClaimsProcessing #CustomerExperience #SecurePayments

Insurance Industry Embraces Modern Payments: The Future Is Now! Check payments have dominated the insurance industry for decades, but that’s quickly changing. Like retail revolutionized checkout experiences with “one-click buying” and flexible payment options, insurance companies are now adopting online payments to meet modern consumer expectations. ?? Why does it matter? In an era when 70% of carts are abandoned due to clunky checkout experiences, policyholders demand the same seamless convenience. Over 50% of insurance payments are still made by check, which slows down coverage binding and frustrates customers. But the tides are turning, with carriers, agencies, and brokers implementing tools like ePayPolicy to streamline payments and enhance the customer journey. ?? Here’s what industry leaders are saying: “The ease of use and ability to take payments immediately has made my agency much more productive,” says Livio Gasparini of Safeguard Insurance Pros. Sarah Goldbach of RK Tongue shares, “Thanks to Finance Connect, we finished three weeks ahead of our Q3 billing goal, even while down a staff member.” ?? The result? Faster policy binding Simplified back-office operations Increased customer satisfaction As insurance adopts BNPL-inspired features like premium financing, we’re witnessing a digital transformation that benefits everyone across the ecosystem. The future of insurance payments is here—convenient, fast, and flexible. Let’s keep pushing boundaries! ???? #InsurTech #PaymentsInnovation #CustomerExperience #Insurance

?? GoCardless Partners with ICE InsurTech for Automated Payments ?? GoCardless and ICE InsurTech have teamed up to enhance automated payment collections for insurance companies in Australia and New Zealand. This partnership aims to streamline the payment process, reduce manual administration, and offer customers a seamless experience. ??? ?? Benefits for Customers: By switching to GoCardless’ bank payments, insurance companies can reduce involuntary churn and avoid costly card fees. Customers benefit from automatic payment collection, ensuring payments are taken on the due date without any extra steps, providing peace of mind. ????? ?? Strategic Growth: Luke Fossett, GM ANZ at GoCardless, highlighted the strategic opportunity this partnership provides, giving great exposure to insurance companies in key markets. This integration is live in Australia and New Zealand, with Provident Insurance Corporation Limited as the first joint customer, and will expand to the UK and Ireland later this year. ???? ?? Integration and Future Plans: Vishal Thaper, Head of Product at ICE InsureTech, expressed delight over the integration, noting its ease of setup and cost efficiency. The partnership aims to introduce open banking and Variable Recurring Payments into the insurance industry, further enhancing the digital experience for customers. ???? This collaboration simplifies payment processes and strengthens the strategic growth of both companies in the insurance sector. #GoCardless #ICEInsureTech #AutomatedPayments #InsuranceTech #Fintech #DigitalTransformation #CustomerExperience #OpenBanking #FinancialInclusion #BusinessGrowth https://lnkd.in/d-PaqTSf

Designed to enhance efficiency, Covr Financial Technologies is simplifying insurance and getting cases paid on average 10 days faster than the norm! Our new Advisor 3.0 platform is the most advanced technology on the market! #SimplifyingInsurance #Insurance #LifeInsurance #Technology #Covr #InsurTech #FinTech

Luke Gall, Product and Engineering Director at Access PaySuite recently shared valuable insights with Insurance Post, highlighting the importance of inclusive payment options in today’s digital landscape. In a world where accessibility is key, our insights shed light on why businesses must adapt to meet diverse customer needs. Check out the full article here: https://ow.ly/T1MY50U4TMp #Insurance #DigitalInclusion #PaymentSolutions

Insurance Policies Go Digital Today: What You Need to Know *Starting April 1, 2024 i.e today all new insurance policies must be stored electronically, similar to how investors keep shares in a demat account. *This change aims to make processes smoother, enhance security, and make it easier for both insurers and policyholders. By creating an e-Insurance Account (eIA) with one of specified repositories, policyholders can store and manage all their insurance policies in one place. *This reduces paperwork and ensures important policy information is safely stored and easily accessible. The shift to e-Insurance accounts will improve customer experience by providing a centralized platform for managing insurance policies. *Insurers will cover the cost of opening eIA for policyholders, making the process hassle-free and cost-effective. *However it is important to note that existing policyholders can still choose to receive physical documents if they prefer. This change marks a significant step in serving customers better in the digital age, offering convenience, security, and efficiency in managing insurance portfolios. #Insurance #DigitalTransformation #CustomerExperience #NewRule