Almost 74% of insurers are trapped by archaic legacy systems, forcing them into a crippling cycle of manual data entry, complex reconciliation, and throttled cash flow. If the line above wasn’t enough to make you wince, this reliance is also forcing insurers to pay a relentless “Legacy Tax”; one where
Good old paper checks have been around since 1681, when the first was recorded in the U.S. But if we really want to go back to the origins of payments, merchants in Mesopotamia were using clay tablets as promissory notes around 3000 BC. Some people hear that and think, “Wow.
Discover how American Millennium streamlined insurance payments with human support and intuitive technology. Learn how simplicity and personalized assistance boosted trust and efficiency for their agents and policyholders.
Explore how rising tariffs are critically impacting the P&C insurance industry. This report details how increased material and part costs are inflating insurance claims for auto and property, creating volatile risk profiles, and highlighting the vital role of insurance brokers and agents as advisors. Learn actionable strategies for insurers to enhance operational agility, leverage digital transformation, and confidently navigate these economic shifts for sustained growth in the P&C market.
Tired of slow insurance payment system implementation? This article explores why insurance payment system setup takes so long (6-12+ months) and the financial impact of those implementation delays. Learn key insurance payment implementation considerations, best practices, and how choosing a fast, efficient partner can give you a competitive edge.
Insurance companies face complex compliance challenges due to unclaimed property laws, with $77B in unclaimed assets. Digital payments can reduce risks, cut costs, and improve compliance and efficiency.
Here are 11 reasons that over 10,000+ insurance organizations choose ePayPolicy.
