Flexible, rules-based billing functionality customizable for all lines of insurance.

With direct bill, premium finance, account current and bordereaux capabilities, Billing delivers complete billing, payment processing, disbursement, and financial tracking functionality, as well as:
  • Enabling insurers to track productivity and user errors;
  • Offering comprehensive analytical capabilities to generate stock and customized reports critical to business operations;
  • Generating invoices, statements and reconciliations; and
  • Easily integrating with third-party payment systems.

Today’s successful insurer must work with the billing and payment preferences of the modern consumer/customer, including everything from paper checks to digital wallets. Billing streamlines the insurance billing lifecycle from the first premium invoice to renewals, statements, reconciliations, and customized reporting across all lines of business.

Utilizing modern billing and payment technologies and integrations with third-party providers, premium payments are processed faster and more efficiently, account statements produced more accurately, and claim payments delivered more rapidly. Billing includes self-service features at both agent and customer levels with robust analytics to provide insights which resolve billing and payment inquiries faster.

Billing Benefits

Policy is built on a modern technology platform which optimizes policy admin and product management capabilities, making it easier to enter new markets and launch new or modify existing insurance products for greater profitability.