How to optimise claims payouts with virtual cards
A modern solution that enhances the policyholder experience and improves efficiency for insurers
In the insurance industry, the speed and efficiency of claims payouts are critical to delivering a positive customer experience. Unfortunately, traditional payment methods like cheques and bank transfers often frustrate policyholders, who have to upfront costs and then wait for reimbursement, causing delays and unnecessary complexity. While insurance firms are left to deal with manual review of individual claims, complex reconciliation, and fraudulent proof of payments. These inefficiencies not only erode trust, but also create operational challenges for insurance companies.
Download the guide to learn how Virtual Card Numbers (VCNs) can revolutionise claims payouts by making them instant, secure, and seamless, all while streamlining operations and providing an experience that policyholders truly value.
