$277B in Insurance Payouts Sent Via Instant Payments in 2022Instant payment adoption has risen for three consecutive years in the insurance industry, and nearly one-quarter of consumers received an instant claim payout by mid-2022. For “Insurance Disbursements Brief 2022,” a collaboration with Ingo Money, PYMNTS reveals how consumers prefer to receive these payouts and where instant offerings make the most significant impact.
Inside the February Brief
23%: Share of consumers who would pick instant insurance payouts when given the option
45%: Portion of consumers who would be willing to pay for instant health insurance payouts
62%: Share of insurance disbursements where companies offered customers a choice of payout method
