International Insurer BMI Companies Replaces SWIFT-Based Claim Payments with Acclaim Across More Than 35 Countries
Members and providers can now choose from dozens of local payment methods they know and trust
Acclaim, the payment infrastructure platform built exclusively for insurance, today announced that BMI Companies, an international insurance group serving individuals, families, and businesses across Latin America, the Caribbean, and selected global markets, has gone live with Acclaim to automate claim payments to members and providers across its entire offshore international business. The deployment replaces slow, expensive SWIFT wire transfers with fast local payment options in more than 35 countries — fully automated end to end and integrated directly into BMI’s core systems.
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For international insurers, paying claims across borders has long meant a tradeoff between speed, cost, and experience. Cross-border wires are slow and expensive, failed payments create rework and frustration, and members and providers are often left without visibility into when they will be paid. BMI’s go-live with Acclaim closes that gap. Instead of waiting on costly SWIFT wire transfers, members and providers can now choose from dozens of local payment methods they already know and trust — receiving funds faster, in the way that works best for them. Claim payouts are triggered automatically by activity in BMI’s core systems and validated before they go out to reduce failed payments.
