Axa launches new system for claims payments
Insurer says Faster Payments applies to liability, motor and property claims.
Axa has introduced a new system which will see cash payments hit accounts in minutes in order to reduce claims payment times.
The insurer said the system, called Faster Payments, applies when payments are to be made directly to the customer and has been introduced to liability, motor and property claims across personal and commercial lines.
According to Axa the system also applies to third-party payments.
Chris Voller, director of claims at Axa, said the new tool was having a direct impact on
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk