Sparados doesn’t just make claims faster, it completely removes the need for traditional reimbursement. With Sparados, insurers disburse benefits instantly through restricted virtual cards. Instead of customers paying upfront and waiting for their money back, a virtual card is generated on the spot, preloaded with the approved amount, and ready to use immediately for eligible costs. This is not simply a quicker process, it is a revolutionary change in how insurance benefits are delivered. By removing reimbursement altogether, Sparados transforms the entire experience: policyholders never need to advance their own funds, while insurers gain a secure, transparent, and fully controlled way to distribute benefits. Leading insurance companies are already reshaping their models around this approach.

Restricted virtual cards are fully controlled by the insurer. Each card can be configured with a spending limit, usage purpose, and merchant category restrictions, for example limited to use only in pharmacies and hospitals. This guarantees that funds are spent exclusively on approved services. In urgent or crisis scenarios, insurers can issue multiple restricted cards at once, each with clear limits and labels. This allows benefits to be distributed quickly while maintaining strict oversight, ensuring every payout is both secure and transparent.

A digital accident statement offers speed, accuracy, and convenience compared to paper forms. It can be filled out and submitted instantly from a smartphone, reducing delays and eliminating the need for physical paperwork. Built-in validation checks help prevent errors or missing information, improving claim accuracy. Digital statements are also easier to share between parties and insurers in real time, which accelerates claims processing. In addition, the statement is always available as a QR code inside virtual cards stored in Apple Wallet and Google Wallet, so it’s instantly accessible whenever needed. Overall, digital accident statements make the claims process faster, more reliable, and far more user-friendly than traditional paper forms.

Sparados completely removes the traditional reimbursement step. Instead of clients paying upfront and waiting to be repaid, insurers issue a restricted virtual card on the spot, preloaded with the approved benefit amount. The customer can use it immediately for eligible expenses such as hospital or pharmacy bills. This is not just a faster process, it is a revolutionary change in how insurance benefits are delivered. By eliminating reimbursement altogether, Sparados ensures policyholders never need to advance their own funds, while insurers gain a secure, transparent, and fully controlled way to distribute benefits. Leading insurance companies are already reshaping their models around this approach.

Branded virtual cards can be used to instantly deliver insurance benefits in a way that is both practical and engaging for clients. They allow insurers to: • Disburse claims directly, so customers can pay hospitals, pharmacies, or service providers without using their own funds. • Provide emergency support by issuing restricted cards with specific limits or merchant categories (e.g. medical only). • Offer customer perks such as wellness allowances, preventive care budgets, or partner discounts. • Strengthen brand visibility by keeping the insurer’s name and design in the customer’s Apple Wallet or Google Wallet, creating daily touchpoints. • In addition, the cards can be fully branded by the insurance company — from the web application where users access their cards, through email templates, all the way to the card design itself. This ensures a consistent brand experience across every customer interaction.