PYMNTS-MonitorEdge-May-2024

insurance payouts

61% of Millennials Want Real-Time Payments in Finance and Insurance
61% of Millennials Want Real-Time Payments in Finance and Insurance
October 15, 2024  |  Real-Time Payments

As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to...

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Rise In Huge Settlements Helps Insurance Industry Ditch Paper for Digital
Rise In Huge Settlements Helps Insurance Industry Ditch Paper for Digital
September 11, 2024  |  Insurance

Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even...

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Use Cases Beyond Claims Moves Insurance Industry to Instant Payments
Use Cases Beyond Claims Moves Insurance Industry to Instant Payments
August 14, 2024  |  Real-Time Payments

Supply and demand is the eternal balancing act in economics, and in payments, too. Drew Edwards, CEO of Ingo Payments, noted to Karen Webster that...

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New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
New Data: Insurance Industry Adopts Instant Payments Amid Rising Consumer Demand
July 25, 2024  |  Money Mobility

Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That...

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Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
February 28, 2024  |  Earnings

In the artificial intelligence (AI) race, some companies, and sectors, are starting on third base.  That’s because companies operating in technologically sophisticated sectors with deep...

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Eight in 10 Insurers Seek FinTech Partners for Instant Payment Plays
Eight in 10 Insurers Seek FinTech Partners for Instant Payment Plays
February 16, 2024  |  Digital Payments

Insurance companies are crucial in helping consumers with essential needs. They may provide funds to cover significant emergencies such as major medical procedures, home repairs...

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Smart Digital Payments Bring Consumer-Like Experience to Auto Repairs and Insurance Claims Payouts
Smart Digital Payments Bring Consumer-Like Experience to Auto Repairs and Insurance Claims Payouts
February 15, 2024  |  Insurance

Michael Boeke, VP of Payment Product Management Enterprise at CCC Intelligent Solutions, told PYMNTS that the trillion-dollar property and casualty economy needs to continue its...

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Mastercard Launches Healthcare Payments Solution
Mastercard Launches Healthcare Payments Solution
January 18, 2024  |  Healthcare Financing

Mastercard is launching a medical claim payment solution with key partners in India. The firm is collaborating with one of the country’s leading financial institutions and Remedinet,...

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Nearly One-Third of Insurance Consumers Prefer Not to Pay Extra for Real-Time Payments
Nearly One-Third of Insurance Consumers Prefer Not to Pay Extra for Real-Time Payments
October 17, 2023  |  Insurance

Legacy payment systems in the financial and insurance industries have often resulted in delays, errors and complications, leading to damaged customer loyalty and lost business....

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