Overview
InsurePay® Claims streamlines payments between carriers and their policyholders and vendors.
Policyholders only need to provide their email address or mobile phone number during the claim process to facilitate payments as quick as same day.
Key Features
InsurePay® Claims eliminates
- Internal development expenses
- The need to gather customer bank account information
- Uncertainty over deposit date
- In field checks
- Stale dated checks
InsurePay® Claims streamlines your Claims Payment Process
- Approval: Payments can be initiated in field and approved centrally
- Certainty: No more re-issuance due to stale dated checks
- Notifications: Customers receive notifications customized by insurer
- Speed: Customers can deposit funds by accessing email or text message
- Deployment: Can be done in a matter of weeks, not months
- Connectivity: To your core claims system, eliminating duplicate entry
Key Benefits
Insurers of all sizes can benefit
- Personal or business claim payments
- Payments to vendors
- Claimant can access payment in hours
- Simplified reconciliation for accounting
- Reduce unnecessary costs
Payments made same or next day
- Full or partial claim settlements
- Single payee claimants
- Personal or commercial customers
- Give policyholders, agents and brokers confidence that claims will be dealt with quickly
- Funds move directly from insurers account to the claimants
- Real time tracking of payment status
- Claimants get instant access to funds, no hold period by their bank
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Product/Service details
SOLUTION OR SERVICE TYPE