saas_platform

InsurePay Pay-as-you-go

InsurePay is a leading provider of Pay-As-You-Go (PayGo) billing for the workers' compensation industry delivered through our cloud based, Software-as-a-Service (SaaS) solution.

InsurePay is the leading provider of Pay-As-You-Go payroll aggregating, premium calculating, and billing for the workers’ compensation industry. InsurePay is a cloud-based SaaS platform which, not only aggregates payrolls, but calculates, collects, and remits insurance premiums for each pay cycle using real-time payroll data. InsurePay brings together technology, efficient processes, best practices, and a broad network of payroll partners to enhance a policyholder’s experience.

InsurePay is fully integrated with the Duck CreekPlatform, any Duck Creek Platform carrier can now effortlessly offer and maintain a Pay-As-You-Go application. InsurePay extends the powerful functionality of the Duck Creek Platform by allowing carriers to instantly offer best in class carrier-branded Pay-As-You-Go. InsurePay integrates with 1,400+ different payroll providers, so an insured’s transitioning to a more dynamic payment program can occur immediately and without interruption.

With InsurePay, insurance providers can monitor their policyholders’ exact premiums for each pay cycle through our secure custom branded portal with direct data connections to leading payroll companies. InsurePay provides a simple, accurate, and flexible product that delivers cost benefits to carriers, agents, and policyholders.

 

Video

Pay-as-you-go – Duck Creek Accelerator


Website

Learn more on the InsurePay website


Press Release

InsurePay® Pay-As-You-Go Platform Now Integrated with the Duck Creek Platform as the Company Joins Duck Creek’s Partner Ecosystem


Podcast

Partner Podcast #11 | Pay-As-You-Go Billing in Workers’ Comp


Advantages

  • No premium invoicing
  • Reduces bad debt/uncollectable earned premium
  • Collection of actual premium during policy period
  • More accurate renewal decisions
  • Complete policy transparency
  • Real-time premium adjustment
  • Increases policy retention
  • Competitive advantage increases
  • Customer satisfaction increases
  • Agency loyalty
  • Reduces cancellations and reinstatements

 

Features

  • Provides real-time access to point of sale data and premium adjustments
  • Rapid integration with minimal IT resources
  • Easy customization capabilities
  • Quickly generates year-to-date comparisons and trending reports.

 

Expertise

  • 100 plus years of insurance services experience
  • Processed billions of dollars of premium
  • Best and most automation in the Pay-As-You-Go space