Insurance: your solutions for collection and compensation
Payment is omnipresent in insurance providers’ value chains, from subscription to compensation, including collecting premiums or contributions. Embedded payment solutions improve recovery processes and customer experience.
Payment management has never been this easy!
A 3-in-1 solution integrated directly into your business tools, from collecting your clients’ premiums to managing claims payouts.
Simplified and reliable premium collection
Management of payment failures and unpaid invoices
Instant refunds & expense advances
Payins: combine reliability and simplicity for your policyholders’ peace of mind
Ensure reliable premium collection
Minimise the risk of unpaid recurring payments.
- Set up automatic direct debits in your interface for recurring premium payments.
- Consolidated real-time view of payment statuses.
- Instant notification of payments or unpaid invoices.
- Automated reminders for unpaid invoices, giving you the option to offer alternative payment methods better suited to your client, such as rescheduling the debit or offering a SEPA transfer.
In case of non-payment, automate reminders with instant transfers
In the event of a payment failure, automatically offer another method such as instant transfer with payment initiation to your policyholders, a reliable, simple and immediate alternative:
- Payments in 10 seconds flat, 24/7,
- without leaving the current purchase journey,
- without re-entering bank details,
- completely secure thanks to strong authentication.
Automate accounting reconciliation with virtual IBAN
By coupling a virtual IBAN with instant transfer, you can track transactions in real-time and automate reconciliation, an innovative method to:
- Save time by reducing time-consuming tasks.
- Avoid money losses by limiting the risk of errors and facilitating the identification of anomalies.
- Optimise the monitoring of commercial and financial performance by entity.
The 3 advantages of our payins solutions for insurance professionals
-
Reduced processing time
for rejectionsInstant notification of direct debit rejection and simple regularisation.
-
Traceability and
automatic reconciliationReal-time
transaction tracking.
-
Reduced
customer churnDecreased contract cancellations
made after non-payment.
Payouts: integrate a solution that combines operational efficiency and customer experience optimisation
Compensate your customers in real-time
Automatic triggering of an instant transfer from your business tools as soon as the file is validated to the policyholder’s account or the service provider’s account:
- Excess management
- Recovery of potential surplus paid in case of fixed payment
Equip your policyholders with a virtual card to avoid advance payments
- Activation of a virtual card funded by the insurer in case of a claim
- Amount limit according to contract guarantees
- Eligible expense categories
Strengthen your competitiveness and optimise your cash flow with embedded payment
Ensure performance monitoring
Beyond simplifying and making your policyholders’ subscription, collection and compensation processes more efficient, embedded payment also makes life easier for your finance teams:
- Task automation to free up time and perform higher value-added tasks
- Real-time flow monitoring
- Better forecasting and anticipation capability.
Rely on our teams and APIs for customised integration
Our modular solutions integrate into your journeys via API, simply and securely, without deploying new tools.
You benefit from a tailor-made approach to your project, coordinated by a project director and a customer success manager. At each stage, we support you to ensure a rapid and smooth deployment of your solutions, adapted to the requirements of the insurance sector in terms of reliability, agility and regulatory compliance.
FAQ: Embedded payment solutions for insurance providers
How to effectively manage unpaid insurance premiums?
Implementing embedded payment solutions allows automated reminder management with several regularisation options in case of non-payment. You can automatically offer a new direct debit at a later date or an instant transfer with payment initiation. The latter is completed in 10 seconds, 24/7, without the policyholder having to re-enter their bank details.
What are the advantages of virtual IBAN for accounting management?
Virtual IBAN, coupled with instant transfer, allows tracking transactions in real-time and automating accounting reconciliation. This solution reduces time-consuming tasks, limits the risk of errors in payment processing and facilitates monitoring of financial performance by entity.
How does real-time reimbursement for policyholders work?
Compensation is made by instant transfer, automatically triggered as soon as the file is validated. The system manages the excess and can recover any surplus paid in the case of fixed payment.
And to avoid your policyholders having to advance costs in the event of a claim, it is also possible to activate a virtual payment card, fully configurable:
• Acceptance conditions (geolocation, period, frequency, etc.)
• Eligible expense categories
• Usage limits
• Card validity period
How to integrate these payment solutions into existing systems?
You don’t need to deploy new tools in your information system.
At the heart of our technology, APIs allow your applications to access our features and data from other services or systems. You thus integrate new payment services into your environment, easily and with white labelling.
Our APIs ensure:
• Interoperability: the development of our APIs implements all standards, making it possible for heterogeneous systems to communicate.
• Security: APIs allow control of access to data and functionality, via authentication and authorisation mechanisms.
