- A 100% API-First solution that enables companies in the insurance sector to automate collections, manage subscriptions, and create custom payment plans in record time.
- The module is already active and running in top-tier insurance companies, achieving a 95% retention and success rate in active subscriptions after a 4-week integration.
At Weecover, we are officially presenting a new Insurance Payment Orchestration Module. This pioneering tool is designed to solve the operational and technological complexity of collections within the sector.
Until now, insurers and large distributors have faced rigid payment systems that are difficult to integrate and offer poor visibility. Weecover’s new module was born as a “universal solution” capable of connecting to any ecosystem (ERP, CRM, Insurance Core, or eCommerce) to centralize and orchestrate all collection operations from a single control point.
Total Freedom and Specialization in Insurance
Unlike generic payment gateways, Weecover’s solution is universal and adapts to the specific needs of each company. It allows combining multiple payment methods (Credit/Debit Cards, Direct Debit, Bizum, PayPal, Apple Pay, Google Pay) and providers (such as Stripe, Paycomet, and Monei, among others) without forcing companies to change their technological platforms.
“We detected that the insurance sector needed its own intelligence layer in payment management,” states Rafael Gallardo, CDO & Co-Founder of Weecover. “Our module doesn’t just process transactions; it allows you to create subscription models, securely manage recurring billing, and offer flexible payment plans that adjust automatically if there are changes in taxes, pricing, or coverage.”
A Technology Validated by Industry Leaders
The robustness of this module has already been successfully proven and is currently active and running in top-tier insurance companies in Spain. Thanks to Weecover’s cloud technology, these companies have managed to connect and integrate all their payment operations with their internal management platforms in just four weeks.
The results show unprecedented operational improvement: the platform manages to keep 95% of the managed subscriptions and recurring payments active. In some cases, it has practically halved the time dedicated to administrative tasks—such as reconciling accounts, managing refunds, or updating customer payment terms.
Security and Institutional Compliance
In an increasingly demanding legal environment, the module guarantees strict compliance with European data protection and financial security regulations, including DORA, GDPR, and PSD2. Furthermore, the system allows for the automation of future collections using the customer’s initial authorization, but without storing their card data, thus ensuring maximum peace of mind for the end user.
Key Features of Weecover Payments:
- Cloud Infrastructure: A robust system, prepared to process thousands of transactions per second without crashes or interruptions.
- Easy Integration: Fast and simple connectivity that adapts to any software, from the oldest legacy systems to the most modern ones.
- Editable Payment Plans: Total flexibility to modify amounts and collection dates instantly.
- Omnichannel: Allows you to manage collections online, in physical stores (with a traditional POS terminal), or by sending a secure payment link directly to the customer’s mobile phone (Pay-by-link).
- Total Control: Instant reports with automatic alerts on the status of each transaction, ensuring no detail is overlooked.
