Delivering innovative payment solutions to the insurance sector

Switch to digital payments to reduce costs and create greater efficiency

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Insurance

Simplify your claimant payouts

Insurance payment challenges

Paper cheques

Cheque payments take time to execute, are expensive and are also prone to fraud. Yet many insurance businesses still pay claimants using this method. How do you streamline your payouts to save time and money?

Paper cheques

Manual processes

Manual payments processes consume staff time, create errors and lengthen the time it takes to pay claimants. When you need to make high volume payouts, manual processes shouldn’t add to your staff’s admin workload.

Manual processes

Currency volatility

The nature of making international payments, whether to overseas claimants, partners or international offices means there will inevitably be a foreign exchange element to many transactions. Beneficiaries like to be paid in their local currency but the FX market can be volatile, making your payouts more expensive.

Currency volatility

Reconciling payments

Every insurance business finance department might reconcile accounts in a different way but one thing is clear, paper processes are a problem. Miscalculations due to manual input of data, data security issues and misplaced files are commonplace in paper-intensive payments environments.

Reconciling payments

Your trusted global payments partner

Elba
White Horse Insurance Ireland
University of Limerick
Digital Voices

Delivering real business impact

In a world of automated phone service and voice-prompt menus, it is refreshing to talk to a real person about our outgoing payments needs. Eileen and the dealing team are very professional and provide bank-beating FX rates. Having an accessible, dedicated account manager to meet all of our requirements makes all the difference. Fantastic service all round

Patrick Carr, Managing Director, Elba MGA Limited

Experience our difference

Switch to digital payments

Switch to Fexco's electronic payments solution and get payments to your beneficiaries faster and securely.
international payments

Greater payment efficiency

Eliminate manual processes that lead to errors and fraud. Use Fexco's batch payment or integrated solutions to pay multiple claimants simultaneously in a variety of currencies.
Mass payments

Navigate the FX markets with ease.

Avail of expert currency risk management advice and bank beating FX rates to protect your bottom line. Our team are available to advise on the best time to execute payments.
FX payments

Know before you send

Lock in your exchange rates in advance. Our team of insurace payment specialists deliver claimant payments compliantly with full visibility on all fees.
BUSINESS FX

Best-in-class payments security and control

Best-in-class payments security and control

Protect your claimant/supplier payment information and data on our secure cloud platform. Our role-based account access means system administrators determine what users can see and do. With 2 factor authentication for access and a full audit trail to track payments activity, you have complete visibility and control.

More about security
ISO Certified
ISO 27001 certified
Two Factor Authentication
2 factor authentication access
Role Based Access
Role-based account access security
Regulated and Licensed
Fully licensed and regulated

Transform your Insurance payments

Get in touch

Want to learn more about how we can help you?

Give us a call

Our payments experts are always available to assist you.

Within the UK

0800 840 2887

Outside of the UK

+44 131 476 7371

edinburghdealers@fexco.com

Discover how Fexco can transform your cross-border payments process

Tell us your requirement and we will get back to you with the information you need.

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