U.S. Bank Corporate Payment Systems

U.S. Bank helps insurers make payments electronically to help reduce costs and boost efficiency

Paying vendors electronically remains an excellent way for insurers to streamline their procurement process. U.S. Bank is a powerful partner in this regard. We have helped insurers implement commercial card programs and use innovative tools such as Payment Plus to cut costs, boost efficiency and improve control.

Symetra Financial's corporate card spend has increased 22% in one year.

For instance, we helped Symetra Financial launch a new corporate card program, including enhanced oversight capabilities, and had zero complaints from their frequent business travelers.

From virtual accounts to event planner cards to fully automated e-payment programs, U.S. Bank offers a full range of payment options designed to meet every client need.

Contact U.S. Bank for a payment program audit and more information about U.S. Bank commercial solutions.

Resources

Insurance Payment
Industry Facts

The property & casualty insurance industry posted a 5.9% decline in net income in 2007.¹

Premiums and annuity considerations for the life and health insurance industry accounted for roughly 5.2% of U.S. real GDP.²

The property-casualty industry had nearly $100 billion of excess capital, or underwriting capacity, at the end of Q1 2008.¹

American Insurance Association
www.aiadc.org

Federal Emergency
Management Agency
www.fema.gov

National Association of Mutual Insurance Companies
www.namic.org

1. Standard & Poor’s: Industry Surveys Insurance: Property-Casual, 2008.
2. Standard & Poor’s: Industry Surveys Insurance: Life & Health, 2008.