InsurePay Offers End-to-End P&C Billing and Payments with Latest Series B Investment led by Aquiline Technology Growth: InsurePay
2022 APR 22 (NewsRx) -- By a
As part of the acquisition, the existing AcordPay and InsurePay teams will come together under the InsurePay brand with a united mission of delivering accurate, timely, data-driven insurance payments to the North American insurance market. Financial details of the transaction were not disclosed.
“Integrating AcordPay’s payment methods with InsurePay’s products will make it easier for policyholders, agents, and insurance carriers to manage their funds throughout the insurance policy lifecycle,” said
With the AcordPay acquisition, InsurePay will offer an entire suite of insurance payment solutions for collecting premiums, settling with markets, and managing claims and refunds. InsurePay will now have a full suite of payment products that align insurance premium payments to risk and creates real-time accuracy, automation, error reduction, policyholder retention, and reduced friction and costs for Insurance Carriers and agents of all sizes.
“AcordPay has a broad suite of insurance solutions to bring into the US marketplace under the InsurePay brand,” said
“InsurePay’s talented team has built an industry-leading platform of billing and payments solutions, and this additional funding will support the acquisition and continued development of the company’s product roadmap,” said
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