Folksam has developed a digital-only student insurance in its FutureLab, its newly launched innovation workshop.
Through the partnership, Folksam customers will benefit from Trustly’s digital Direct Debit (autogiro) product to make regular insurance payments. In the case of a claim payout, customers will also be able to receive the compensation directly to their bank account using Trustly.
Trustly has an account-to-account network which lets consumers make payments to merchants directly from their online banking accounts. It is also a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now