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InsurePay Company Overview
InsurePay is a U.S. insurtech company founded in 2003 and based in Nashville, Tennessee. It operates a cloud-based payments and billing platform designed for property & casualty insurance carriers, agents, managing general agents (MGAs), payroll providers, and policyholders. Its flagship Pay-as-you-go solution enables insurance companies to calculate workers’ comp premiums based on actual payroll data instead of estimates, improving cash flow and accuracy. InsurePay also supports Premium Payments via links or embedded widgets, Payables for automating carrier disbursements, and Reconciliation tools to streamline accounting workflows. The platform handles diverse payment methods—including credit and debit cards, ACH, EFT, and Interac in Canada—and is known for enhancing transparency, reducing manual reconciliation, and improving operational efficiency across insurance operations. With over $2 billion in premiums under management and recent Series B funding, InsurePay continues expanding its footprint through acquisitions and deep integrations with industry systems.