Unlock the Power of Digital Payments With InsurTech
At the heart of the insurance industry is a financial arrangement between the insured and insurer. The insured pays a monthly premium and in return is promised to receive a payment from the insurer if a peril occurs. Given the significance of both inbound and outbound payments, digitizing this experience is a valuable opportunity to engage with policyholders.
Merging legacy systems with insurtech can lead to an insurance payments partner where both the insurer and insured can enjoy a modern, digital payment experience to pay premiums or receive claims payments.
Join the rest of the modern business world in adopting a digital-first payment approach by programming your payments.
Increase Customer Loyalty
Transform Your Processes
Automate Reporting & Reconciliation
Digital Disbursements Are Driving Down Costs
Most studies estimate a check will cost between $4 and $20 to process. And while 82% of consumers use some form of contactless payment methods, policyholders are expecting digital experiences that insurance companies are starting to provide.
Meet those expectations by using programmable payment infrastructure without adding excessive costs or complexity to your operations. Transform your billing, payment and notification processes with Dwolla to streamline policy payments. As an alternative to paying via check, deliver an electronic disbursement to your policyholder’s bank account or debit card in near real-time.
Use this cost calculator from Nacha for an estimate on how your business could save by switching from checks to digital payments.
Pairing a Streamlined Integration With Enhanced Security
Dwolla’s programmable payment infrastructure is helping insurers by providing payments software with world-class information security controls and step-by-step guides to integrate our software into your application. Our developer documentation was written by developers, for developers.
Choose your programming language and get connected to the U.S. banking system.