Insurance Disbursements Brief 2022

$277B in Insurance Payouts Sent Via Instant Payments in 2022

Instant 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

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