For insurance policyholders, the collection of premiums is key to the customer experience. Here’s why more insurers are
investing in top digital tech for premium collections.
4 REASONS TO DIGITIZE
PREMIUM PAYMENTS
TREND SHEET
GET PREMIUM PAYMENTS COVERED
Why wait to digitize payments? Find out how FIS® can help – and why we should be your first port of call for digital premium collections.
Get in touch
By giving policyholders more digital ways to pay, you can improve and personalize the premium collection experience across multiple channels.
Analyzing digital customer data will also help you gain insight into payment activity, drive engagement, maximize collections and identify cross and upsell opportunities.
STRONGER RELATIONSHIPS
With a single digital payment partner and one-stop access to global payment infrastructure, you’ll simplify and future-proof your payment processes while keeping down costs.
Modern, scalable digital solutions will equip you for ongoing growth and expansion into new markets. And by processing all premium payments with one provider, you could optimize cash management and cash flow analytics – and make reconciliation much easier, too.
STREAMLINED PAYMENTS
As an integral part of your digital payment solution, an intelligent payment routing platform will guide your premium payments down a path that leads to higher rates of authorizations and success.
With smart technology on the back end, you can start capturing higher approvals and more revenue almost immediately.
MORE AUTHORIZATIONS
The best digital payment systems come with the ability to automatically update payment details if policyholders replace their card or switch bank accounts. So, when details change, there’s less chance of losing out on a policy renewal.
High levels of security are another way that digital systems can improve retention. As well as making it easier to comply with data security regulation, tokenization and encryption technologies reduce risk and, again, help increase payment card acceptance.
LESS CHURN
©2022 FIS FIS and the FIS logo are trademarks or registered trademarks of FIS or its subsidiaries in the U.S. and/or other countries. Other parties’ marks are the property of their respective owners. 1948393
linkedin.com/company/fis
twitter.com/fisglobal
www.fisglobal.com
getinfo@fisglobal.com
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
About FIS
1
3
2
4
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
Offer convenience
Please your policyholders
Reduce costs
Accelerate growth
Boost income
Increase efficiency
Drive loyalty
Protect payments
