[…] PYMNTS says 61% of Millennials want real-time payments in finance and insurance. However, 40% of insurers aren’t providing these fast payment options. In some cases, this oversight is costing insurers dearly – 25% of policyholders say they have switched providers to access faster payouts. When insurers do adopt fast payments, they solve other problems: 77% of organizations that have adopted real-time payments report improved customer experiences and 54% say real-time payments have alleviated issues surrounding urgent payments. […]