P&C Insurance: Consumer Bill Payment Preferences & What’s Ahead (Webinar Recap)
About this event
What’s ahead for the Property and Casualty Insurance sector? Alacriti hosted a webinar that explored bill payment preferences, blockchain, cloud computing, and digital disbursements. Read our recap.
P&C Insurance: Consumer Bill Payment Preferences & What’s Ahead (Webinar Recap) is an official on-demand session listing associated with Alacriti. Visit the company-owned event page for the organizer's latest agenda, access details, availability, and registration or viewing instructions. UPCOMING provides this independent listing to help professionals discover the session.
What you'll learn
- In 2018, web-based payment channels handled more than three-quarters of all P&C Insurance payments value on Orbipay EBPP.
- Debit cards were used most frequently by P&C Insurance policyholders, but ACH accounted for highest percentage value of transactions.
- An opportunity remains for P&C Insurance companies to encourage policyholders toward less expensive funding methods to help reduce their overall cost of accepting bill payments.
- There was a significant preference for One Time payments and therefore an opportunity to encourage more policyholders toward AutoPay.
- Moving to cloud computing can create dynamic scale for P&C Insurance carriers to seamlessly accommodate surge periods of premium payments (beginning and end of the month, for example).
- Blockchain can be a powerful tool to combine insurance data from various sources and distribute it securely to stakeholders.
- In addition, blockchain can address some of the highly manual processes associated with P&C Insurance and allow new types of highly targeted insurance (flight delay insurance, for example) to be developed.
- Digital disbursements can help P&C Insurance carriers deliver a more modern claims payout experience to their policyholders than traditional paper checks.
Topics covered
Frequently asked questions
Who is hosting P&C Insurance: Consumer Bill Payment Preferences & What’s Ahead (Webinar Recap)?
P&C Insurance: Consumer Bill Payment Preferences & What’s Ahead (Webinar Recap) is hosted by Alacriti.
When is P&C Insurance: Consumer Bill Payment Preferences & What’s Ahead (Webinar Recap)?
This session is available on demand.
Where does registration take place?
Registration or viewing is completed on Alacriti's website.
What format is this event?
This is an on-demand session that can be watched online.
Which topics does this event cover?
The event covers Cloud and Data.
