Why insurers choose third-party payment
Massive market demand, measurable benefits for every stakeholder, and real-world production use cases.
Expense reimbursement is no longer meeting expectations
33%
Some policyholders have already foregone or delayed veterinary care due to a lack of funds.
81%
Uninsured individuals cite upfront costs and complexity as the primary barriers to enrollment.
92%
Policyholders may be more loyal to their insurer thanks to third-party payment.
96%
Policyholders are requesting a third-party payment card.
Payshift field study
Instant payments benefit the entire ecosystem
For the insurer
80% reduction in management costs
Structural fraud reduction
Total control, in real time
Scalable and interoperable infrastructure
For the policyholder
No upfront costs
Instant clarity on coverage
A seamless experience
Reduced stress in the event of a claim
For the service provider
Immediate payment, on-site
No administrative burden
No financial risk
Enhanced customer relations
They are already automating their claims with Payshift
3
Active clients in France
200,000
Policyholders in onboarding
10,000
Active cards among pet owners
- 80%
Claims processing times and instant transfers.
Issue
Forgoing care and policyholder dissatisfaction due to the requirement to pay all costs upfront.
Payshift Solution
Integrated third-party payment declaration process within the client portal, featuring instant transfer upon approval.
What they gain
No upfront costs for the policyholder, increased NPS, and an end to manual workflows for the management team.
100%
Automated management workflows & €0 in targeted payment fraud.
Issue
High operational costs due to manual collateral calculation and the risk of fraud in the use of funds.
Payshift Solution
Mobile application featuring brand colors, integrated with the benefits calculation engine and third-party payment processing.
What they gain
Turnkey product deployment with no internal R&D required, full automation of business rules, and integrated fraud protection.
< 10s
to calculate the policy benefits and process the reimbursement.
Issue
Processing times for rate calculations are too long, undermining the promise of a digital insurance experience.
Payshift Solution
100% digital in-app reimbursement process with an automated calculation engine for limits and deductibles.
What they gain
Claims experience aligned with neobroker standards and a drastic reduction in processing time per file.
Offer your policyholders a cashless experience.
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