Payment processing

Payments processor makes global scale possible for insurtechs

Property and casualty insurers can benefit from tools and data that enable them to assess damage and address claims quickly.

How embedded insurance could challenge and benefit the insurance industry.

B2B payments represent the last mile for insurance carriers — the final step that must be integrated and digitized to achieve the industry vision of straight-through processing (STP). And the likely starting point for STP is auto claims, which represent nearly half of all P&C claim volume.

Continuity and speed are just two benefits of payment automation, says VPay's Elisa Logan.

BNY Mellon has launched a system that automates medical and dental insurance claim payments, attaches benefit explanations and enables virtual card support for medical providers.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.