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InsurTech NY: Pliant on Automating Payouts and Fighting Insurance Fraud with Virtual Cards
At InsurTech NY, Andrew Jernigan from Pliant outlines how his company’s FinTech platform is working to optimize efficiency and reduce fraud within the insurance industry. The Pliant platform automates payouts into core systems, primarily by deploying a virtual Visa card program.
Pliant uses virtual Visa cards can be used to issue payouts for a variety of purposes, including adjustments, refunds, benefits, and reimbursements. Jernigan expresses his high regard for InsurTech NY, noting that the caliber of attendees, from MGA’s and underwriters to technology partners, is consistently impressive, making it a “must-attend” event.
Pliant believes the conference’s focus on the “human side of insurance” is crucial because technology, especially FinTech, is changing rapidly. However, Jernigan points out that the application of FinTech is often overlooked by insurance carriers and underwriters, believing it is typically the last segment to be deployed within the insurance segment.
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