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.