INSURANCE PAYOUTS CASE STUDY: Cover Genius

How Cover Genius slashed insurance claim payouts from 75 Days to 0 with Hyperwallet

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Delivering an exceptional customer experience was critical for Cover Genius, a forward thinking insurtech provider. In order to ensure their platform offered the very highest level of service at a global level, Cover Genius needed an enterprise payout solution that could not only issue claim payments directly to bank accounts quickly, but one that could help execute these transfers seamlessly, and in multiple currencies.

Learn how Cover Genius was able to leverage Hyperwallet as an invisible service layer and embed an elegant, global data collection and payment distribution process within their existing XClaim insurance claim payout system.

In this case study, we’ll explore how Hyperwallet helped Cover Genius:

  • Automate payout processes through APIs
  • Embed global payment technology into their existing ecosystem
  • Create custom payout program segmentation based on funding currencies
  • Provide fast, direct to bank insurance claim payout capabilities

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“Delivering a seamless customer experience is at the heart of everything we do, and so it was a vital requirement that we were able to build a scalable interface that takes into account all the peculiarities of the local banking requirements in 90+ currencies and 60+ countries – Hyperwallet helped us do that.”

Angus McDonald, CEO & Co-Founder, Cover Genius