Insurance payments made easy

Deliver instant insurance payouts to your customers with virtual cards they can use immediately.

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It's time to upgrade your payout process

Traditional insurance payments are made in reimbursements, while customers wonder if their purchases are covered, and if they'll get all their money back.

We're changing the game with prepaid disbursements via virtual cards-- settle payments in minutes, not weeks.

Our platform is compatible with your preferred claims system via API.

Once a claim is approved, you issue a card loaded with the payout in any given amount. The claimant can immediately spend those funds online, in stores, or withdraw cash at ATMs, without waiting for a check to arrive or clear. You can easily set controls on region, currency, vendor, and more, taking the guesswork out of emergency situations for your customers. 

Car insurance

Provide redeemable cards to preapproved garages and auto-body shops, plus rental car coverage and reimbursement.

Home insurance

Offer immediate funds via prepaid card, and larger sums via direct payment.

Health insurance

Provide prepaid cards to spend at preapproved providers.

Travel insurance

Instantly send funds to customers to spend at hotels you've partnered with. 

A complete reimagining of insurance payouts

Insurance payments used to involve team approval, and sending paper checks to customers who were anxiously waiting for their reimbursements.

The Episode Six ledger makes it easy to deliver instant payments to your customers-- wherever they are. The ledger hierarchy enables you to apply rules globally, or by region or product. When a claim is validated, the ledger uses the configured rules to issue a prepaid card.

Modernize payouts - without touching your core system

Episode Six integrates with your existing tech stack in weeks—not years—via modular APIs. No replatforming. No disruptions.

 

Cost savings and revenue generation

Modernized insurance payments can offer you benefits from both ends of the balance sheet: saving on expenses and new revenue streams.

Reduce loss adjustment expenses and boost customer satisfaction with faster, transparent disbursements.

Scrapping checks for prepaid cards means a drastic reduction in payment processing costs.

  • Using prepaid cards for claim payouts could cut payment costs by up to 92% on average for claims that involve multiple disbursements (oneinc.com).
  • Digitized disbursements can lower support calls by 25%. 
Upgrading doesn't mean just cost savings-- it can lead to revenue generation too.

In many prepaid programs, the issuer (or program manager) can earn a portion of interchange revenue. When an insurance payout is delivered on a prepaid card, and the customer uses that card to spend, interchange fees are generated on those transactions just like any debit or credit card purchase.
Every time a claimant uses their insurance payout card to buy something, a fraction of that purchase amount comes back to the issuer as interchange income.

This can turn payouts from a pure cost center into a small revenue stream. For example, insurers can earn up to $250k in interchange per 10,000 claims.

The bottom line

Prepaid card disbursements represent not just a new payment method, but a strategic lever for insurers to reduce costs, delight customers, and even generate new revenue – and with the right playbook and partners in place, they’re easier to implement today than ever before.

Fraud mitigation and security

Modernizing disbursements also means easier fraud management.

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Fraud elimination

By issuing prepaid cards instead of checks, insurers can eliminate the risk of check fraud altogether​.

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Reduced errors

Automation via API reduces human error that often lead to fraud or payment mistakes.

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Easier accounting

With prepaid cards, it's easy to log and track everything in the system.

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Risk controls

Set up rules that automatically safeguard against certain risks – effectively baking in fraud mitigation at the product design level.

Why Episode Six?

With Episode Six, you can launch a prepaid claims card program without months of custom development or replacing core systems – Episode Six’s flexible APIs do the heavy lifting, from card issuance and balance management to setting granular spend controls. Launch your program in 90 days with our modular card and ledger infrastructure.

Our platform, along with partnering with a global network like Mastercard for distribution, allows you to modernize payouts incrementally, safely, and ready to scale.

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Our expertise in payments modernization helps de-risk and accelerate the modernization process.

Our platform is enterprise-grade and proven in 45+ countries​, enabling insurers to go from concept to launch quickly while configuring every detail to fit your needs. The result is a future-proof disbursement capability that enhances customer experience and operational efficiency without uprooting your core system. Our platform is currently used by companies to disburse seamless payments to over millions of recipients.

Why now?

 
The insurance industry is rapidly evolving, and the case for modernizing claims disbursements is clear.

 

Prepaid card payouts reduce cost, improve speed, and enhance customer satisfaction without overhauling core systems. It's time to pull ahead of the competition and offer quick and convenient payouts your customers will love, while capturing more revenue for your bottom line. 

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Let’s talk. 

If you're ready to offer instant disbursements your customers will love, cut costs and fraud, and drive interchange revenue— we're ready to make it happen.
Contact us today