[…] In addition, increasing costs on the insurer’s side and a lack of transparency will make it harder for insurers to manage cash flow which will inhibit faster payments on claims— whether it’s for the home, automobile, compensation for missed work, or a particular medical procedure. 23% of consumers want instant payouts for insurance claims, and less than two-thirds (62%) of payments are accompanied with the option for consumers to pick and choose instant as an option. (PYMNTS) […]