Weecover, an InsurTech platform specialising in technology solutions for insurance management and distribution, has officially launched its Insurance Payment Orchestration Module, a purpose-built tool aimed at addressing the operational and technological challenges surrounding collections in the insurance sector.
The module is a fully API-first solution, designed to connect with any ecosystem, including ERP, CRM, insurance core systems and eCommerce platforms, consolidating all payment operations into a single control point.
It supports a wide range of payment methods, including cards, direct debit, Bizum, PayPal, Apple Pay and Google Pay, and is compatible with multiple payment providers such as Stripe, Paycomet and Monei, without requiring businesses to overhaul their existing technology infrastructure.
The platform is already live within a number of leading insurance companies, having been deployed following a four-week integration period. Results show the module is maintaining a 95% retention and success rate for active subscriptions and recurring collections, while in some cases cutting the time spent on administrative tasks, such as account reconciliation, refund management and updating customer payment conditions, by nearly half.
On the compliance front, the module has been built to meet current European regulatory requirements, including DORA, GDPR and PSD2. It also enables future payments to be automated via a customer’s initial authorisation, without retaining card data.
Key capabilities of the module include editable payment plans with instant modifications to amounts and collection dates, omnichannel collections spanning online, in-store and pay-by-link, real-time transaction reporting with automated alerts, and a cloud infrastructure capable of processing thousands of transactions per second.
Weecover CDO & co-founder Rafael Gallardo said, “We identified that the insurance sector needed its own intelligent layer for payment management.
“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”.
Copyright © 2026 FinTech Global
