Julie Schieni, assistant vice president of insurance alliances at Invoice Cloud, said: (Credit: one photo/Shutterstock.com) " width="620" height="372"> Julie Schieni, assistant vice president of insurance alliances at Invoice Cloud, said: "This survey shows that millennials are not only an important market for insurance but that they're pushing for digital transformation in the industry, which has traditionally lagged behind when it comes to technology advancement." (Credit: one photo/Shutterstock.com)

During the past year, 20% of millennials missed an insurance payment, according to Invoice Cloud, with nearly a quarter reporting they had simply forgotten the bill was due. Postal delays and confusing payment processes were the second and third most cited reasons, respectively.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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