Insurance companies are crucial in helping consumers with essential needs. They may provide funds to cover significant emergencies such as major medical procedures, home repairs following a disaster or replacing a car totaled in a collision. However, the slow payment practices within the industry hinder...
Michael Boeke, VP of Payment Product Management Enterprise at CCC Intelligent Solutions, told PYMNTS that the trillion-dollar property and casualty economy needs to continue its digital overhaul. An accident, he said, represents “an event that is often a major disruption to someone’s life.” The claims...
Mastercard is launching a medical claim payment solution with key partners in India. The firm is collaborating with one of the country’s leading financial institutions and Remedinet, a cloud-based HealthTech platform, Mastercard said in a Thursday (Jan. 18) press release emailed to PYMNTS. This solution will use...
Legacy payment systems in the financial and insurance industries have often resulted in delays, errors and complications, leading to damaged customer loyalty and lost business. As noted in a recent PYMNTS Intelligence research study titled “Fast-Tracking Funds: Finance and Insurance Accelerate Payments,” 40% of insurers...
February 15, 2024
Michael Boeke, VP of Payment Product Management Enterprise at CCC Intelligent Solutions, told PYMNTS that the trillion-dollar property and casualty economy needs to continue its digital overhaul. An accident, he said, represents “an event that is often a major disruption to someone’s life.” The claims processes, he said, are anything but simple, streamlined or easy […]
February 15, 2023
Instant payments are finding firm footing as way to get insurance claims paid out quickly. In the Insurance Disbursements Brief 2022, a PYMNTS and Ingo Money report, more than 2,400...
July 24, 2017
Paul Diegelman, VP of business development & partnerships at Fiserv, says that the story of bringing B2C digital disbursements to corporates at the financial services company started four years ago...
January 18, 2024
Mastercard is launching a medical claim payment solution with key partners in India. The firm is collaborating with one of the country’s leading financial institutions and Remedinet, a cloud-based HealthTech platform, Mastercard said in a Thursday (Jan. 18) press release emailed to PYMNTS. This solution will use Mastercard’s virtual card technology to support business-to-business (B2B) healthcare claim […]
November 20, 2019
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response...
