Sure AI is great, but actually getting AI to join up systems across an insurance ecosystem, in the same way an orchestra has a conductor, that’s the magic. Here’s the word;
Weecover, the insurtech leader in technology solutions for the insurance sector, announces the official launch of its Insurance Payment Orchestration Module, a pioneering tool designed to solve the operational and technological complexity of collections within the industry.
Until now, insurers and major distributors have faced rigid payment systems that are difficult to integrate and offer limited visibility. Weecover’s new module has been developed as a “universal solution” capable of connecting with any ecosystem (ERP, CRM, insurance core system or eCommerce platform) to centralise and orchestrate all payment operations from a single control point.
Complete flexibility and insurance-specific expertise
Unlike generic payment gateways, Weecover’s solution is universal and adapts to the specific needs of each company. It allows multiple payment methods (cards, direct debit, Bizum, PayPal, Apple Pay, Google Pay) and providers (such as Stripe, Paycomet, Monei, among others) to be combined without requiring companies to change their existing technology platform.
“We identified that the insurance sector needed its own intelligent layer for payment management”, says Rafael Gallardo, CDO & Co-Founder of Weecover. “Our module does not simply process transactions; it enables companies to create subscription models, manage recurring collections securely and offer flexible payment plans that automatically adjust if there are changes to taxes, pricing or coverages”.
A technology validated by industry leaders
The robustness of the module has already been successfully proven and is currently live and operational within leading insurance companies. Thanks to Weecover’s cloud-based technology, these companies have managed to connect and integrate their entire payment operations with their internal management platforms in just four weeks.
The results demonstrate unprecedented operational improvement: the platform succeeds in keeping 95% of managed subscriptions and recurring collections active, while in some cases reducing by almost half the time dedicated to administrative tasks such as reconciling accounts, managing refunds or updating customer payment conditions.
Security and regulatory 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 requirements. In addition, the system enables future payments to be automated through the customer’s initial authorisation, without storing card details, thereby ensuring maximum peace of mind for end users.
Key features of Weecover Payments:
● Easy integration: Fast and simple connectivity that adapts to any software programme, from legacy systems to the most modern infrastructures.
● Editable payment plans: Complete flexibility to modify payment amounts and collection dates instantly.
● Omnichannel: Enables collections via online channels, physical stores (using traditional POS terminals) or by sending a secure payment link directly to the customer’s mobile device (pay-by-link).
● Full control: Instant reporting with automated alerts on the status of each transaction, ensuring no detail is missed.
● Cloud infrastructure: A robust system capable of processing thousands of transactions per second without outages or interruptions.
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