Stripe for insurance
Modern money management for insurance providers
Deliver the fast, convenient experiences that customers expect at every stage of the insurance lifecycle – from collecting premiums to moving funds to paying out claims.
The opportunity
Financial infrastructure for the future of insurance
Today’s insurance providers must balance customer expectations against profitability goals. Stripe tackles both by helping you modernise payments and financial workflows across your business.
Optimise premium collections
Deliver personalised payment experiences that improve conversion and policy renewals. You can also offer new pricing models such as pay as you go, and embed your offerings on third-party platforms.
Simplify financial workflows
Mitigate the inefficiencies and compliance risks inherent in fragmented systems. Stripe streamlines multiparty payments, expedites claims disbursements, and provides real-time visibility into data.
Why Stripe
Built for speed, scale, and reliability
Our modular infrastructure is built to support the insurance industry’s complex needs without re-platforming or disrupting existing operations. Stripe handles 500M+ API requests daily with over 99.999% historical uptime – helping you provide reliable, consistent service.
$1.4T
total payments volume processed on Stripe annually, equal to 1.3% of global GDP
2.2%+
average payment acceptance improvement with Authorisation Boost
56%+
average revenue recovered from failed payments with Stripe Billing in 2024
11.9%+
average revenue uplift for businesses that switch to Stripe’s Optimised Checkout Suite
Use cases
Improve your conversion, retention, and operations
Offer better customer experiences, improve operations, and grow more efficiently by modernising your core systems. With developer-friendly, customisable APIs and in-house professional services support, you can get ramped up quickly on Stripe.
Authorization
Boost policy conversion
Grow revenue with frictionless checkout and access to 125+ payment methods, and maximise authorisation rates with AI-powered optimisations.
Connect
Simplify money management
Programmatically split payments across multiple parties and embed insurance payments into third-party ecosystems with simplified, compliant fund flows.
Invoicing
Improve policy retention
Prevent lapsed policies with automated renewals, invoicing, and AI-powered retry logic trained on millions of daily recurring transactions.
Payouts
Deliver fast, secure claims payouts
Reduce costs associated with paper checks, and prevent fraud losses with instant and one-time password verifications for extra security.
Who we help
Enabling growth across the insurance ecosystem
Carriers
Automate reconciliation, accelerate claims payouts, and improve the customer payment experience.
Managing general agents
Collect premiums efficiently, manage partner payments, and reduce reporting complexity.
Brokers and agents
Offer easy ways to pay across channels, and automate disbursements to carriers and partners.
Policy administration systems
Enable Stripe capabilities in client portfolios, securing faster implementation and stronger results.
Partners
Grow faster with our partners
From policy administration systems to technology and consulting leaders, Stripe gives you access to a global ecosystem of partners.
Industry recognition
Setting the standard in payments and billing
The Forrester Wave™ Merchant Payment Providers, Q1 2024: Stripe received the highest score in the Innovation criterion of the evaluated partners
Read more
Gartner® Magic Quadrant™ for Recurring Billing Applications 2024: A Leader
Read more
IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Small and Midmarket 2024: A Leader
Read moreHow insurance providers can scale with modern money management
Learn how easy-to-implement, customisable financial infrastructure can help your organisation grow while working with your existing systems.
Ready to learn more?
Get in touch to see Stripe’s insurance capabilities in action, plus tailored solutions and pricing for your business.
Professional services
Find out how end-to-end guidance from Stripe’s integration consultants and engineers can help you launch and grow faster.