Insurance
Protect every insurance payout globally
Close the trust gap in insurance claims and compensation payments. Instantly verify claimant and beneficiary account ownership to reduce insurance claims payout fraud, eliminate misdirected payments, and improve payment accuracy across every market.
The insurance payout imperative
For insurers, a payout sent to the wrong beneficiary can lead to financial losses, regulatory scrutiny, and reputational damage. As claims volumes grow and fraud becomes more sophisticated, insurers need confidence that every payment reaches the intended recipient.
- Claims fraud and account manipulation
Claims fraud remains a persistent risk, with nearly three in four surveyed claims professionals saying cases are steady or rising. RGA 2024 survey (life and health claims professionals).
- Costly payment errors
Incorrect beneficiary information results in failed payments, manual investigations, payment delays, and poor customer experiences during critical moments.
- Operational inefficiency
Many insurers still rely on manual callbacks and document reviews to validate account ownership, creating unnecessary friction and slowing claims settlement.
Confidence for every insurance payment
One verification layer
Americas, Asia, Africa, and Europe via a single API.
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Verify claimants before funds move
Verify claimant bank account ownership before claim payments, compensation payouts, or settlements are released.
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Reduce claims fraud
Detect account mismatches and suspicious changes before money leaves your organisation.
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Accelerate claims settlement
Automate beneficiary verification to reduce manual reviews and deliver payouts faster.
One check, three verdicts
Precision Verification via a Single API. Eliminate uncertainty in claims payments. Whether you are performing insurance payee verification or settlement payment verification, the API delivers clear, actionable responses that can be integrated into automated workflows.
You send claimant and account
Your claims system sends the claimant or beneficiary name and account before payment.
IPID checks account ownership
IPID compares the submitted name with the account holder.
You review the result before payout
Use the match result alongside your claims and fraud controls before releasing funds.
Match: The name and account match.
Partial match: Close match, which may indicate a typo or naming variation.
No match: High risk. The name does not belong to the account.
Reviews by industry leaders
T11 enhances payment security across supplier and insurance payouts
“Our clients across Europe process supplier payouts and insurance claims payments where getting the payee wrong is costly and there's little room for delay. Adding IPID's verification into our platform gives them a way to confirm who they're paying without slowing the payment down. It fits directly into the trust and control we've built T11 around.”
Ready to secure your insurance payouts?
Protect your claims operations from fraud, payment failures, and beneficiary errors with real-time payee verification.
- Claims payments
- Compensation
- Settlements
- Reimbursements
- Beneficiary registration
- Account changes
How much could your organization save? Try the ROI calculator
Questions insurers ask first
How does IPID help insurers prevent claims fraud?
IPID helps insurers combat insurance claims payout fraud by verifying that the beneficiary name matches the destination account before a payment is released. This helps identify suspicious account changes and fraudulent payment instructions before funds move.
Can IPID support claims and compensation payouts?
Yes. IPID can be integrated into claims workflows to verify beneficiary details before compensation, settlement, reimbursement, or claims payments are processed.
Does this replace existing fraud controls?
No. IPID acts as an additional verification layer that complements existing claims validation, fraud detection, and risk management processes.
Can verification be automated within claims systems?
Yes. IPID can be called through an application programming interface during payment preparation, beneficiary registration, or claims approval workflows.
Does IPID support cross-border insurance payments?
IPID provides access to verification capabilities across multiple markets through a single integration. Actual availability depends on the supported market and verification method.