The end-to-end payment platform for MGAs
The end-to-end payment platform for MGAs InsurePay delivers a centralized platform for MGAs, streamlining premium collection, carrier payables, commissions, and…
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.
Submit Payment from AMS
Carrier Receives Payment and Reconciliation Data
About InsurePay® Reconciliation
Reduce handling and secure storage costs handling checks.
Reduce needless communication between departments.
Automatically generate reports.
Eliminate duplicate entry.
No more expensive printing costs for checks.
No more courier charges.
No more chasing down signatures.
Significantly reduce bank fees for electronic debits vs checks.
The insurance industry is a popular target by fraudsters
Electronic funds transfer is proven to be safe and secure
The end-to-end payment platform for MGAs InsurePay delivers a centralized platform for MGAs, streamlining premium collection, carrier payables, commissions, and…
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