Pay-as-you-go

InsurePay® Pay-as-you-go

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.

With Pay-as-you-go insurance providers can monitor their policyholders’ exact premiums each pay cycle through our easy to use custom branded portal with direct data connections to leading payroll companies.

Benefits to Carriers/MGAs:

  • Improve policyholder engagement by offering a convenient and accessible payment platform

  • Streamline manual tasks and increase efficiency

  • Reduce payment processing costs including billing, collections, auditing and more

  • Improve cashflow and reduce time to receive payments

  • Improve policyholder retention at renewal

  • Leverage payment data for more predictable financial reporting, underwriting, commission processing and claims administration
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Benefits to Agents:

  • Increase sales by enhancing policyholder experience

     

  • Streamline manual tasks and increase efficiency

  • Reduce operational costs and manual tasks

  • Improve cashflow and reduce time to receive payments

  • Improve policyholder retention at renewal

  • Reduce risk of audit

  • Leverage payment data to improve operations
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Pay-as-you-go Advantages

Easy Setup

for carriers and payroll providers

White Label

solution offered for custom branding

Premier Payroll Connections

integrated with leading payroll providers.

Rich API

to allow for easy sending and retrieving of data

Card Payments Accepted

to automate and  improve user experience

Extensive Configurations

for complete flexibility

Multiple Options

for sending policy data

Extensive Configurations

of payroll provider partners

Take the Guesswork Out of the Year-End Audit with Pay-as-you-go

InsurePay® offers insurance companies a Pay-as-you-go workers’ compensation solution for policyholders of all sizes. We enable businesses to pay their premiums each pay period based on actual payroll, rather than generated estimates, taking the guesswork out of the year-end audit.

Download the Whitepaper

Pay-as-you-go “How It Works”

Download Here

Go live in as little as 30 days

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