Reduce the cost of administering policies
Decrease overhead by automating customer payments and reconciliation, and use data insights to optimize operations.
Maximize your engagement with customers
Create tech-driven experiences and simplify the customer journey to stay competitive with a single financial technology platform.
Reduce risk and fraud
Rely on our global standard of compliance and leverage machine learning to help combat and reduce payments fraud.
“We are happy to partner with Adyen as its global reach supports ours as we manage the claim process for our partners and provide instant payments for approved claims in any currency and language”
Ehsan Azizi
Vice President, Product at Cover Genius
Adyen is the trusted financial technology platform for top insurers, leading insurtechs, and the largest brokers
Empowering the insurance industry for success across the entire customer lifecycle
Authentication and sign-up: optimize first payment for conversion
Validate your policyholder at the sign-up stage through Open Banking and Authentication without harming the customer experience journey.
Initial payment: meet customers where they are
Improve customer experience with Adyen’s streamlined Checkout. Offer a consistent experience across all channels and support 150+ payment methods with a single integration.
Policy management: efficiently streamline and automate premium collections
Automate payment processes to reduce manual intervention and declined transactions, optimizing premium collection and ensuring seamless cash flow with RevenueAccelerate, Data Connect, and Pay by Link.
Claim payouts: deliver fast, transparent and secure claim payouts
Streamline claim payouts with Payout Services and Issuing, offering transparent and customized solutions that reduce costs, eliminate outdated methods, and minimize fraudulent claims.
Discover how Cover Genius increased sales and reduced costs
Challenge
Cover Genius was looking for a partner that could help the company with local payment methods for customers worldwide.
Solution
Adyen boosted Cover Genius’ authorization rates and reduced chargebacks, using 3D Secure, Local Payment Methods, Payouts RevenueAccelerate, Network Tokenization, AutoUpdater, Automated Retries.
Impact
Increased authorization
Increased payment recoveries
Decreased chargebacks
Are you ready to take insurance payments to the next level?
We'd love to explore how we can help.