Global insurance needs local payments

Payments are the most frequent and important insurance interaction, and the traditional approach to cross-border payments can leave you short of meeting customers' needs.

Get in touch

The insurance industry trusts Flywire to solve complex payment challenges and modernize legacy systems without a big-ticket project.

Our technology integrates with your system of record to automate and simplify the reconciliation process to save time, money and increase NPS scores, so you can focus on your core business - protecting people.

Trusted by:

With Flywire, our customers can pay the way they want to pay. It goes well beyond the customer vendor experience and has become a true partnership.

Finance Operations Manager, Global health insurance provider
Flywire has allowed us to optimize our collections via alternative payment forms and foreign currency with the added benefit of lower processing costs and a reduction in declined transactions. Their proactive level of support, attention to detail and willingness to go above and beyond has made Flywire our favorite vendor across the board.

Treasurer, IPMI provider

Traditional approach challenges

- Costly and complex fees
- Disparate data and systems with no single source of truth
- Manual and time-consuming reconciliation and collections
- Limited local payment options resulting in churn and lower NPS scores
- Inability to scale and grow into new markets
- Regulatory burden and FX risk
- Inefficient customer support
- Significant IT team resource demands

Outcomes with Flywire

Decrease processing costs by 50%

Save money on bank and card fees, and receive transparent pricing without compromising on security or reliability.

Meet global customers where they are

Accept and process local payments easily without requiring a local entity, bank account or taking on FX risk.

Automate and reduce coverage disruptions

Automate payment and cash application processes to get paid faster and prevent coverage disruptions.

Drive customer growth and increase NPS scores

Increase authorisation rates with 1200+ payment methods across 140+ different currencies for one-time and recurring payments

Provide around-the-clock support

Get dedicated account managers, around-the-clock multi-lingual support via text, live chat, phone, and email.

Save time and headache

Flywire is your one source of truth for complete payment data as well as the first line of defense for managing chargebacks, refunds and fraud.

Get up and running quickly

One quick implementation with direct integration to your system of record requiring minimal IT effort.

Blog

International receivables roadmap: 5 opportunities for global health insurers in 2024 and how to get there

Webinars

[Webinar] Maximizing CX in cross-border insurance payments

Case Studies

[Case Study] Offering a local payment experience saves money and sets this industry-leading student health insurance provider apart

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Ready for a better insurance payments provider? Get in touch.

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