InsurePay

Description of Product or Services you would like to promote in the Association:

InsurePay Pay-as-you-go: InsurePay Pay-as-you-go calculates and collects premiums automatically each pay cycle, and empowers policyholders to pay over time (for Workers Comp & Benefits).

InsurrPay Premium Payments: InsurePay Premium Payments streamlines premium collection while giving your policyholders the payment options they expect. 

InsurePay Payables: InsurePay Payables streamlines payments and statements between Agents, MGAs and Carriers without concern for lost checks, information or fraud.

InsurePay Reconciliation: InsurePay Reconciliation enables carriers to seamlessly collect and reconcile payments from agency partners, ensuring accuracy and efficiency while fostering trust and operational excellence.

InsurePay Claims: InsurePay® Claims enables carriers to streamline their claims payment process, ensuring timely, efficient, and branded payments without the hitches of lost checks or misdirected funds.

InsurePay Commissions: InsurePay Commissions streamlines the way you pay your agency partners. With Commissions, carriers can automate, track, and ensure timely commission payouts, solidifying trust and strengthening partnerships.

InsurePay Premium Refunds: Move beyond the manual hassle of paper checks. With InsurePay Premium Refunds, ensure timely and accurate refunding, enhancing customer trust and satisfaction.

How does your product or service specifically target/benefit Program Administrators:

InsurePay benefits program administrators by providing them a solution offering for Pay-as-you-go Worker’s compensation insurance, enabling acceptance of multiple types of payment from their customers – credit card, ACH, etc., and providing all the associated data and analytics around those solutions.  This provides them with the tools to better serve their customers.

What differentiates your product from others in the marketplace?

InsurePay’s solutions for this market are fully integrated with our customers main operating systems including Policy Admin and AMS/BMS systems.  We provide an end to end experience wrapped in data and analytics so that our customers can fully manage their business.  We take an integrated approach – meaning we are integrated with more than 2000 payroll providers, including all of the market leaders like ADP, PayChex, Intuit, etc. – to provide a fully automated solution to our customers.  On the payments side, we do not act as an payment aggregator, meaning we do not ever hold our customers money.  Rather our approach is to set each customer up with their own merchant account so once their customers pay with credit card, they quickly receive their funds.  All of this if fully integrated with their core systems and all data around each payment is fully transparent and auditable.