The patented technology, driven by artificial intelligence, predictive analytics and a medical services database, allows customers to facilitate automated, instant processing of insurance claims.
The system pre-emptively processes a claim, activating the dedicated debit card issued to the customer when they purchased the policy. Following treatment, the customer pays with their card or digital wallet.
The business has set its sights on further global expansion, to bring cross-border insurance services to more locations and customers.
PassportCard Group President, Alon Ketzef said of the news: “It is an honour to have received this recognition for PassportCard’s innovative technology in the US. With our technology being recognised to be unique, and other pending patents for additional innovation in customer experience, we feel in a stronger position than ever stronger than ever to expand into additional territories.”