Defray is a flexible payment solution designed to better serve the insurance industry by providing a one stop shop for all customer payment needs. Our technology first approach gives those in the insurance industry complete control over their payment experience allowing for high levels of customisation, whilst helping to increase premium finance revenues and reduce operational and risk costs.
Render’s modular platform providers brokers, MGAs and insurers with unrivalled flexibility when it comes to managing customer payments. Depending on the technical capabilities those in the insurance industry can opt for our fully financed service or a SaaS model. Renders available modules are:
Customer Insight
Multi-bureau credit file data on customers can be provided to help with underwriting decisions and determine the correct funding approach.
Credit & Pricing decisioning
Render’s AI credit decisioning can determine at the customer level commission, number of instalments and deposit – Risk based pricing.
Identity verification
Facial recognition and ID documentation is used to verify customers and prevent fraud.
E-acceptance
Finance legal documents regardless of sale medium are signed online with e-signature.
Funding
Whether it is Renders funding, your funding or a hybrid model we can structure deals to suit you.
Payments
Render manages both single and premium finance payments, providing a one-stop-shop payment provider for insurance businesses.
Customer service
Render’s can white-label all journeys and communications to fit your brand and our customers service team can help manage and save your customers that fall into arrears.
Enables brokers to build the payment solution that fits their business
All payments are managed via a single customer card reducing fraudulent transactions
Create a coherent customer experience that aligns to your brand, customise everything from communications to bank transaction statements
The only provider in the market offering continuous payment authority and delivering real-time transaction data
Reduce operational overheads by automating your entire payments and collections process
Increase conversion and premium finance revenue through an optimised and AI embedded customer journey
.png)