“Breaking the Check Barrier: Embracing Digital Payments in P&C Insurance”
Discover how to break free from traditional check payments and embrace the digital revolution in the property and casualty (P&C) insurance industry.
A recent study by PYMNTS.com found that checks still account for over 50% of payments in the insurance industry, compared to 22% or less for most other industries. But despite this proliferation, the demand for digital payments is growing significantly with 70% of the general marketplace preferring to receive payments digitally.¹
It’s becoming poignantly clear that the cost of not transitioning to digital payments may be substantial for carriers and insurance companies in the future.
Download this white paper for a deeper understanding of the tangible value driven by digital payment transformation, including:
- Common challenges in transitioning to digital payments
- The competitive advantage gained by embracing this transformation sooner
- Reducing the risk of fraud
- Increasing operational efficiency
- Improving customer satisfaction
¹ “2023 Future of Payments Survey,” Onbe, 2023.
Offered Free by: CCC Intelligent Solutions