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InsurePay is the leading payment platform for Carriers

Empowering Carriers

Transform the way you collect, send and reconcile payments Are you a Carrier looking to easily move money, automate your back-office processes, use your data to gain insights and ultimately grow your business? If yes, then you are reading the right blog! Insurance is an inherently a data-driven business, but often has no line of […]

InsurePay Gains Significant Market Momentum with Enhancements to SaaS Platform Offerings

InsurePay Gains Significant Market Momentum with Enhancements to SaaS Platform Offerings InsurePay, a leading Insuretech SaaS platform that enables the accuracy of premiums, integrated payments, and reconciliation in real-time has gained significant market momentum by enhancing our SaaS platform offerings. With the addition of 45 customers year to date in 2023, InsurePay is bringing platform […]

How Workers’ Comp Carriers are Unlocking the Power of Pay-As-You-Go Billing to Increase Customer Acquisition and Retention while Reducing Operational Costs

How Workers’ Comp Carriers are Unlocking the Power of Pay-As-You-Go Billing to Increase Customer Acquisition and Retention while Reducing Operational Costs The effects of the pandemic in 2020 and 2021 changed how we work, live, and even purchase insurance.   In three short years, Pay-As-You-Go Workers’ Compensation has gone from “nice to have” to a preferred […]

4 Common Questions Asked About Controlling the Customer Experience

Controlling Customer Experience

4 Common Questions Asked About Controlling the Customer Experience Over the years, we’ve heard much about controlling the customer experience from our 530+ carrier, broker, and agent customers.   But what exactly does controlling the customer experience mean?  Why is it important? What are the benefits of controlling the customer experience? And how can InsurePay help? […]

CFOs Seek Efficiencies in Costly and Complex Workers’ Compensation Plans

Read the article written by PYMNTS.com here As businesses look ahead with uncertainty, cost centers like workers’ compensation plans are under review. This, as CFOs are turning towards tech solutions that deliver incremental savings by optimizing payments management practices, including managing spending. Workers’ compensation plans require hefty premiums, and managing this expense can be complex. […]

InsurePay Releases Two New Digital Payment Solutions to Help U.S. Insurers Boost Customer Acquisition and Retention Efforts

Credit Cards now in InsurePay Pay-as-you-go

InsurePay Releases Two New Digital Payment Solutions to Help U.S. Insurers Boost Customer Acquisition and Retention Efforts Customer expectations have changed dramatically over the last two years. The pandemic changed how we work, live, and even purchase insurance. While some policyholders initially may have been slow to embrace digital payments, many of them became accustomed […]

4 Questions You Need To Ask Before Building a Pay-as-you-go Solution

Diverse Team of Electronics Development Engineers Standing at the Desk Working with Documents, Solving Project Problems Late at Night. Specialists Working on Ultra Modern Industrial Design.

To build or buy? In the early 2000s, the answer was easy. Build! The reason why was simple. There just weren’t a whole lot of purpose-built solutions for carriers. But that was almost a quarter-century ago, and over the last decade, the vendor marketplace has matured significantly. Today carriers can measure vendors against each other […]

Why The Future of Billing and Payments is Now

Future Vision copy Why The Future of Billing and Payments is Now

Over the last two years, carriers, agents, and brokers have accelerated their digital initiatives due to the pandemic and rising customer expectations.  According to a Deloitte Institute for Financial Services study, 96% of insurers reported they were focused on accelerating digital transformation initiatives to improve the customer experience and enhance operations.  For personal and commercial […]

Business Check Myths Busted

Business Check Myths Busted

By John Knotek, Vice President Operations – Payments, InsurePay A re-post article from the ORBiT Canada Newsletter Since 1990, check volumes have been on a steady decline in Canada, directly offset by an increase in electronic payments (credit and debit cards, EFTs, wires and email money transfers). The insurance industry still issues a high volume […]

Monthly Self-Reporting vs Pay-as-you-go

Monthly Self-Reporting vs Pay-As-You-Go

What’s the Difference Between Monthly Self-Reporting vs. Pay-As-You-Go Billing in Workers’ Compensation Insurance? Pay-as-you-go billing has gone from “nice to have” to “must have” over the last two years.  There are a variety of reasons why carriers have been adding pay-as-you-go billing, including rising customer expectations due to their digital experiences in other industries, increased […]