InsurePay
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InsurePay® Pay-as-you-go calculates, collects, and remits insurance premiums each pay cycle, using real-time payroll data, for Workers' Compensation, BOP, and Benefits.
InsurePay® Payables streamlines and automates payments and statements between MGAs, agents and carriers. With InsurePay, payments are made on time without concern for lost checks and information. Facilitate the transfer of funds securely between financial institutions and deliver statements from all major agency management systems.
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.
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About
What is InsurePay?
InsurePay is a company that specializes in providing a pay-as-you-go insurance billing and payment platform that aims to streamline the management of workers' compensation insurance premiums. Their technology allows businesses to calculate premium payments in real-time based on actual payroll data, thereby enhancing efficiency and accuracy for insurers and policyholders alike. This approach reduces the risk of premium overpayments or underpayments and offers a more flexible and manageable solution for businesses.
