InsurPay
Introducing Insurpay – the game-changing claims payment solution that offers unparalleled flexibility and convenience for insurance companies and their customers. Developed by Invenger Technology and later acquired by One Inc in 2020, Insurpay streamlines the claims disbursement process with its automated platform, allowing policyholders to choose from various payment options, with the flexibility of anytime and anywhere! With its seamless integration, secure transactions, and cost-effective approach, Insurpay enhances the overall customer experience, boosting customer satisfaction and retention for insurance companies. Embrace the future of claims payment with Insurpay and stay ahead in the competitive insurance industry.
A payment solution ecosystem connecting all insurance parties
InsurePay revolutionizes the way insurance organizations calculate, collect, send and reconcile payments with a dynamic platform, designed to seamlessly connect Carriers, MGAs, Agents, and policyholders. Experience efficiency and clarity in your operations, as we eliminate traditional bottlenecks and deliver smooth, transparent, and hassle-free financial interactions.
End-to-End Payment Orchestration
- Premium Calculation & Collection: Automate premium calculations and support diverse payment methods—credit cards, UPI, PayGo automation—reducing manual errors and speeding collections.
- Claims, Commission, Payables Disbursement: Streamline inbound and outbound flows—carrier payouts, vendor and agent commissions, return premiums—with full visibility into payment status .
- Real-Time Reconciliation: Reconcile transactions instantly with back-office core systems, providing treasury and accounting teams a unified dashboard for monitoring cash flow.
Efficient, Transparent Workflows
- Dynamic API Architecture: Open APIs allow tight integrations with payroll providers, billing systems, and digital wallets—enabling customization without compromising flexibility.
- Payment Orchestration Intelligence: Routing logic ensures optimal processing, reducing failures and boosting conversion—ideal for distributed, multi-processor environments.
Security & Compliance Built In
- Regulatory Readiness: Designed to handle state-by-state rules (e.g. AutoPay mandates, PayGo regulations)…plus encrypted, tokenized end-to-end processing for maximum protection.
- Transparent Audit Trail: Logs every transaction stage—calculation, dispatch, receipt—to facilitate seamless audits and regulatory reporting.
Enhanced Experience for All Parties
Policyholder Empowerment: Offer flexible pay-as-you-go and digital-first options—UPI, credit cards, wallets—matching modern preferences
- Carrier & MGA Confidence: Centralized payments and fix integrations with core systems reduce administrative overhead and speed feature delivery
- Agent & Vendor Enablement: Consolidated commission and vendor pays, easily tracked and reconciled—all accessible through cohesive dashboards.
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