Power Up Your Business with DBS APIs for Insurance Sector
Customers’ Pain Points
- Claims are paid by cheque which is costly and lead to possibility of loss and inconvenient for customers
- Setting new standards for the industry to get ahead of competitors
Benefits
- Enhancing your customers’ experience enabling instant fulfilment and convenient claims procedure with shorter settlement time
- Reduces operational efficiency and provide timely notification for auto reconciliation
Use Cases for Insurance Sector
Use Case 1: Enable corporates to collect insurance premiums at Check Out
Use Case 2: Enable corporates to provide real-time payments for users submitting claims, improving customer satisfaction
Case Study
Instant and hassle-free insurance claim payment
Leading insurance companies use a payment solution powered by DBS RAPID to reduce the payment processing time of a travel insurance claim from a few days to just seconds.
Get in touch

Call
From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)