Insurance Capability

Recurring Premium Billing

Involuntary lapse from expired cards and failed drafts is the largest source of preventable churn in insurance. PayNimble's recurring premium engine automates the full lifecycle — draft schedule, account-updater, expiration alerts, retry logic, and Text2Pay recovery — so policies stay in force without adding CSR headcount. Works across ACH and card, with a tokenized vault that keeps sensitive data out of your policy admin system.

• Automated monthly, quarterly, semi-annual, and annual draft schedules

• Network Tokenization to get in front of account changes at the network level

• Visa and Mastercard Account Updater on a rolling schedule

• Proactive card-expiration alerts (SMS and email) at 30 and 15 days

• Configurable retry logic — optimized retry days, not just 'next day'

• Text2Pay recovery for hard failures with one-click branded pay

• Tokenized vault keeps PCI scope minimal

• Lapse-risk reporting for retention teams