InsurePay® Reconciliation is designed specifically for the insurance industry as a secure environment to transfer both funds and reconciliation data between agencies and carriers. This service provides the agency the ability to establish the amount payable, date and electronically approve payments to carriers. Funds transfer from the agencies designated bank account to the Carrier for both monthly receivables and one-time payments. Properly formatted reconciliation data is delivered back to the Carrier’s accounting and policy administration systems.