Streamlined Claims Payment Process
Insurity Claims Payments offers a comprehensive solution for streamlining the claims payment process. By managing payments in a single workflow from approval to issuance, this platform enables companies to pay claims in just 30 seconds. With integrated digital payment options, insurers can provide payees, claimants, and vendors with a variety of payment types, including check, ACH, virtual card, and real-time payments. The system eliminates manual processes with a single, integrated workflow and a configurable automatic 'fallback to check' option, reducing operational inefficiencies and ensuring timely payments.
Enhanced Policyholder Experience
Insurity Claims Payments empowers insurance companies to exceed policyholder expectations by offering faster, more convenient claims payment options. Policyholders can receive payments instantly through branded emails, a secure portal, and virtual cards, enhancing the overall claims experience and boosting satisfaction levels. By reducing payment costs by 50% when switching from checks to digital payments, insurers can avoid late payments and penalties, providing policyholders with instant access to their funds. The platform differentiates the claims experience, creating a modern and efficient payment process that meets the needs of today's policyholders.
Operational Efficiency and Integration
Insurity Claims Payments is API-enabled, allowing for quick integration with Insurity claims systems or third-party claims systems. This seamless integration enables companies to start issuing digital payments immediately, with no implementation or license fees. By combining branded services with streamlined processes, insurers can build trusted relationships with policyholders and increase operational efficiency. The platform eliminates time-consuming and manual check-based processes by implementing a single process flow that integrates with existing claims systems, simplifying payment management from approval to settlement.