BIBA webinar - Open Banking recurring payments: The future of insurance premiums

Explore how smarter open banking payments allow insurers and brokers to modernise policy premium collections, lower processing costs, and improve retention alongside traditional Direct Debits and cards.

Learning objectives:

By the end of this webinar, delegates should be able to:

• Distinguish the operational and commercial differences between open banking recurring payments, Direct Debit, and Card on File for policy premium collections.
• Describe why insurance is in scope for recurring open banking payments and how this regulatory framework supports secure, real-time account-to-account payments.
• Illustrate how brokers and insurers can integrate open banking into multi-rail payment strategies to route customers to the most efficient billing method.
• Determine the impact that instant bank-to-bank settlement and dynamic consent limits can have on reducing premium default rates and admin overhead

Presenter - Jamie Lynch

Jamie is a Senior Product Manager with Acquired, helping recurring payments businesses across financial services and subscriptions optimise their recurring payments stack. He works across the payment rails to build seamless billing, scheduling and payment recovery strategies.

Delegates participating in the accredited webinar can claim up to 1 CPD hour towards the CII member CPD scheme. A formal completion certificate will be issued for members attending and returning a feedback form.  

DISCLAIMER:

Our webinars are designed to give information and guidance and we aim to make them as accurate as we can at the time of presentation and recording. However, they may sometimes represent individual views and BIBA cannot guarantee, nor do they accept any responsibility or liability for, the accuracy or completeness of the content or for any loss which may arise from reliance on information contained within these presentations and recordings.