Payments

Paper checks can delay the claims payment process for policyholders, but many companies are still hesitant to move to a digital payment system.

Many people are jumping on the AI bandwagon without asking the most basic questions. FICO Chief Analytics Officer Scott Zoldi, who holds a Ph.D. in theoretical and computational physics from Duke University, has been in the business long enough to see the warning signs.

The rapidly increasing expectations of policyholders and agents have accelerated the need for transformation.

The digital payments network serving insurers' claims and premium payments saves carriers operations costs and expedites claim payouts.

There are three unique payments workflows that complement different types of business models.

Paper checks continue to comprise a significant portion of transactions in the P&C sector.

Making payments is the cornerstone of the customer experience in insurance and digital engagement is vital.

By digitizing the payout process, insurers empower claimants to choose how money is received.

As incentive marketing and payments preferences change, Geeta Chandan, vice president and head of product and loyalty at Discover, will join us at American Banker's Payments Forum to discuss opportunities and challenges. interview at Payments Forum