# InsurePay

> The leading payment platform for insurance that transforms the way Carriers, Agents, MGAs and Policyholders collect, send and reconcile payments\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Billing & Payments |
| Type | Solutions Provider |
| Region | NA |
| Headquarters | Nashville, Tennessee, USA |
| Founded | 2003 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Series B |

## Overview

InsurePay is a leading insurtech SaaS platform that provides end-to-end billing and payments solutions for the property and casualty (P&C) insurance industry. The company specializes in pay-as-you-go (PayGo) workers' compensation billing, enabling insurance providers to monitor each policyholder's exact premiums for each pay cycle through secure, custom-branded portals with direct data connections to leading payroll companies.

Founded in 2003 in Nashville, Tennessee, InsurePay has grown to become one of the largest independent PayGo billing processors in the world. The company expanded its capabilities significantly in 2022 through strategic acquisitions, including Split Limit Studios (TRUPAY solution) and AcordPay, transforming into a comprehensive insurance payments platform.

Today, InsurePay offers a full suite of payment solutions that align insurance premium payments to risk, creating real-time accuracy, automation, error reduction, policyholder retention, and reduced friction and costs for insurance carriers and agents of all sizes. The platform serves carriers, agents, MGAs, premium finance companies, and policyholders across the North American insurance market.

## Products & services

### Pay\-As\-You\-Go \(PayGo\) Workers' Compensation

Real-time premium calculation based on actual payroll data, eliminating year-end audits and premium surprises.

**Key features:**

- Direct integration with leading payroll providers
- Custom\-branded policyholder portals
- Real\-time premium calculation per pay cycle
- Automatic reconciliation

*Target users:* P&C Carriers, Workers' Compensation Providers, MGAs

### Premium Payment Collection

Comprehensive premium collection platform for insurance payments.

**Key features:**

- Multiple payment method support
- Automated payment reminders
- Flexible payment scheduling
- Real\-time payment status tracking

*Target users:* Carriers, Agents, MGAs

### ClearPay \(via AcordPay acquisition\)

Insurance payment hub for managing the complete payment lifecycle.

**Key features:**

- Digital payment automation
- Receivables and payables management
- Commission reconciliation
- Claims payment settlements

*Target users:* Brokers, MGAs, Carriers, Insurance Technology Providers

### Payables & Commission Processing

Automated outbound payment processing for the insurance ecosystem.

**Key features:**

- Vendor payment automation
- Commission calculations and disbursements
- Claims payment processing
- Premium refund management

*Target users:* Carriers, MGAs, Agents

## Category & focus

- Subcategories: Pay\-As\-You\-Go Billing, Premium Collection, Payment Processing, Reconciliation
- Insurance verticals: P&C
- Target customers: Carriers, Agents, MGAs, Premium Finance Companies

## Notable customers

- Beacon
- Northbrook
- Merit

## Links

- Website: <https://insurepay.com>
- Directory profile: <https://insurtechlist.com/companies/insurepay/>
- About: <https://insurepay.com/about/>
- Careers: <https://insurepay.com/careers/>
- Contact: <https://insurepay.com/contact/>
- Linkedin: <https://www.linkedin.com/company/insurepay>
- Blog/news: <https://insurepay.com/news/>

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*Last updated: 2026\-03\-25*