As most of you know I am a global ambassador for Allianz Travel Insurance.  So I try to keep you updated when important things happen with them.  Allianz Travel Insurance has just announced that it has joined forces with Mastercard to deliver claims payments in real time to bank accounts through debit cards.  This is awesome for customers who have filed claims and are awaiting payment.

Using Mastercard Send™, Allianz Global Assistance can now pay customers within minutes of their claim being finalized.  This allows customers to get access to their money quicker and alleviates the wait that’s created waiting for a check while they are still on their trip.

In March, Allianz Global Assistance announced the ability to make claim payments directly to customer bank accounts. Those payments are routed through the banking system and usually arrive within about two days. Currently about one-third of Allianz Global Assistance customers are choosing the direct deposit payment option when they file their claim online.  I expect this number to go up as people become more comfortable with and more aware of it.

“We’re pleased to offer consumers two ways to skip the mailbox and receive claim payments shortly after approval,” said Joe Mason, Chief Marketing Officer at Allianz Global Assistance USA.  “Mastercard Send’s technology allows travelers to receive their funds anywhere in the world and use that money to pay for travel expenses, purchase essentials while their luggage is delayed or even make a deposit for their next trip.”

As usual, I agree with Joe and that’s exactly what I would want if I was waiting on a claim payment.  It’s just so much easier when it’s electronic and it’s direct.  I hate looking in the mailbox everyday wondering when the check will arrive for insurance payments or anything!  I wish every transaction was electronic!

Earlier this year, Allianz rolled out a suite of innovations and improvements to make filing a travel insurance claim and receiving payment faster and easier.  Among the innovations the company  announced,  were redesigned claim forms that are easier to understand and use and the ability to file an online claim from any device.  Consumers can even use the company’s award-winning TravelSmart™ mobile app to file and track claims.

Disclaimer: I work as an ambassador for Allianz Global Assistance (AGA Service Company) and receive financial compensation.

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