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Insurance

M2 Europe’s Insurance Solution

Prepaid Insurance Claim Cards enable insurance companies and large corporations to issue Prepaid Cards to claimants to purchase replacement items in the event of a claim.

M2 Europe's Insurance Claim Cards speed up the claim settlement process while delivering instant contribution to clients' profitability. Insurance companies can solve disbursement challenges, reduce expenses associated with current cheque and cash issuing methods while maintaining total control over claim settlement by using an Insurance Claim Card solution.

M2 Europe’s Prepaid Insurance Claim Card programmes are tailored to our clients' requirements, providing numerous settlement methods that are suitable for a broad range of insurance claim payments, including:

  • Workers compensation
  • Auto claims
  • Home content insurance
  • Employee health or compensation
  • Dental benefits
  • Major catastrophe
  • Personal insurance

M2 Europe's Insurance Card programmes can easily be combined with the enhanced functionality of the Prepaid Travel Card. This combination is ideal for the travel insurance market.

Closed and Controlled Card Programmes

Clients can easily restrict claimants redemption with closed or controlled card programmes (limited to purchases from specified retailers). This extensively diminishes the chance of insurance fraud as claimants do not receive cash.

Issuing Insurance Claim Cards effectively eliminates the need to issue paper vouchers to claimants to replace lost, damaged or stolen goods. This results in a more cost effective method of claim settlement as well as drastically reducing the element of shrinkage, while building greater brand awareness and experience for the cardholders.

Key features of the Insurance Claim Card include:

  • Easy integration with current systems
  • Issue reloadable or once-off disposable cards
  • Personalised or non-personalised cards
  • A number of currencies can be issued to claimants globally
  • Can be loaded with fixed or variable funds
  • Full account management using telephone IVR, mobile phone or Internet

Client Focus

InsureAndGo

M2 Europe created the largest UK prepaid card programme for insurance and travel, the Insureandgo Prepaid Card. This card programme is a Prepaid Travel Card that combines the ability for the insurer to settle insurance claims directly. Better and more portable than traveller’s cheques, safer than cash, more secure than taking a debit or credit card abroad.