NASHVILLE, Tenn. — Sept. 10, 2024 — InsurePay®, an end-to-end Insuretech payment platform for Carriers, Agents, and MGAs, recently completed a platform integration with Rival Insurance Technology that will streamline payments and reporting for users of The Broker’s Workstation (TBW) and The Underwriter’s Workstation (TUW). By automating and standardizing the payment and reporting process, brokers can do business more efficiently, accurately and securely.
The integration will enable TBW and TUW users to automate payment authorization, notification, reporting delivery and the movement of funds to carriers, vendors and customers. Automating these processes will eliminate inefficiencies such as lost cheques, erroneously cancelled policies and chasing down signatures. With the process fully digitized, brokers will also benefit from enhanced security and accuracy of payments and the associated reporting.
“This new payment integration will provide real efficiencies for our brokers, MGAs and carrier partners,” said Martin Ouellet, Vice President Sales and Marketing, Rival Insurance Technology. “In addition to the streamlined workflow, our clients can look forward to increased data security and privacy.”
“We are excited to announce the direct integration of InsurePay with TBW and TUW,” said John Knotek, VP of Strategic Partnerships at InsurePay. “Not only is the integration seamless, but it also anticipates future InsurePay capabilities for collections and auto reconciliation.”
“Rival is particularly powerful when brokerages are handling time-sensitive funds for policy holders, for NSFs or down payments for example,” continued Knotek. “With a one-step posting of the receipt of funds, TBW creates a payable to the carrier, which InsurePay then fully automates.”
To learn more about InsurePay contact sales@insurepay.com or visit www.insurepay.com .
About Rival
Rival Insurance Technology is a leading provider of solutions that improve the competitive position of our customers and business partners. Rival works collaboratively industry-wide to “Innovate Insurance Together” with a new generation of technology. Learn more at https://www.rivalit.com.
About InsurePay
InsurePay® is a leading Insuretech SaaS platform that enables the accuracy of premiums, integrated payments, and reconciliations in real time for Agencies, Carriers, MGAs, and insurance technology providers. InsurePay® is empowering Carriers and their partners to allow policyholders to pay only for what they need with real-time system and data-driven accuracy and flexibility, through a feature-rich platform that offers policyholder payments, Carrier PayGo and payables, vendor payables, and claims payments and Agency receivables all integrated to back-office core systems. To learn more, visit http://www.insurepay.com or follow the company on LinkedIn.
Media Contact:
Mary Wingfelder
716.812.5844
