Orchestrating payments in the insurance sector allows for simplified collection management across multiple touchpoints, cross-channel processes and multiple actors, from the distribution network to the companies involved.
Thanks to payment orchestration it is possible to access a variety of different payment methods and providers, both online and offline, to fulfill different needs and ensure a smooth payment process across the whole value chain.
The splitting of premiums among the actors involved, which is a key factor for insurance companies to reduce the time needed for administrative duties and streamlining processes.
Businesses can benefit from Open Banking via an easy-integration solution that allows insurance companies and their distribution intermediaries to access account operations.
Automatic reconciliation of finances and bank transfers and streamlined splitting of collections and payments among the many players involved in the distribution ensure savings of time and resources and process automation.
Technological solutions and fraud prevention tools to create new insurance proposals, guaranteeing high standards of security.
A comprehensive suite of APIs to implement customisable value-added services that can be easily and quickly integrated into business processes to optimise the customer experience.
Thanks to innovative fraud prevention solutions for pre- and post-authorisation fraud checks with a chargeback guarantee.
Improving multi-provider payment processing and simplifying information and reconciliation flows.
The gateway to accept Ecommerce and in-app payments, with 250 alternative payment methods and 20 acquirers.
Real-time risk analysis leverages online SCA, improving acceptance rates.
Offering post-authorisation fraud control and 100% reimbursement of unidentified fraud.
Access transactional data and enable companies to create value-added services.
The solution for account-to-account (A2A) payments, improving security, reconciliation and speed of execution.
41% of insurance companies involved in an EY study say they have begun conducting tests to understand the best application areas for artificial intelligence, which is already transforming the insurance industry.
Artificial intelligence and machine learning are driving the most advanced platforms that orchestrate payments, directing them to the most efficient providers, improving the subscription experience and automating the distribution of premiums and commissions across the supply chain.