Engineered For Today's Insurance Payment Workflows
ConnexPay understands the dual nature of insurance payments—processing incoming premium payments while efficiently disbursing claims and carrier payments. Our platform bridges these traditionally siloed functions.
Streamline Premium Collection-to-Remittance
ConnexPay enables brokers to collect premiums through multiple channels while instantly allocating those funds for carrier payments—reducing trust account complexities and accelerating the entire premium cycle.
Accelerate Claims Payment Delivery
Our multi-method disbursement platform enables same-day payment processing through virtual cards, push-to-debit, ACH, and other methods, dramatically reducing the time between claim approval and policyholder receipt of funds.
Maintain Multi-Party Payment Control
We support sophisticated payment routing for scenarios involving policy holders, suppliers, and 3rd party integrations—ensuring proper distribution of funds while maintaining accurate documentation throughout.
Are Payment Inefficiencies Creating Hidden Risks In Your Insurance Operations?
Payment infrastructure gaps expose insurance organizations to significant risks that come with premium trust account management and claims payment fraud.
Mitigate Premium Trust Account Compliance Risks
ConnexPay provides clear separation and tracking of premium funds through the entire collection-to-carrier remittance cycle, reducing compliance risks associated with commingling of funds or delayed premium disbursements.
Combat Increasingly Sophisticated Claims Fraud
Our platform includes built-in verification protocols and fraud detection capabilities specifically designed for insurance claim scenarios, helping identify suspicious payment patterns before funds are disbursed.
Reduce Exposure To Settlement Timing
Flexible funding options allow insurers to meet aggressive settlement timelines without compromising cash flow management, protecting your organization from the financial impact of large claim events.
Payment Capabilities Designed For Modern Insurance Operations
ConnexPay delivers a payment ecosystem that addresses the full spectrum of insurance payment needs—from premium collection and carrier payments to diverse claims disbursement requirements.
Premium Payment Acceptance & Carrier Remittance
Process policyholder payments through multiple channels including credit cards, ACH, and digital wallets, while automatically preparing corresponding carrier payments with the detailed policy information required for proper reconciliation.
Catastrophe Response Payment Capabilities
Access specialized payment tools designed for catastrophe response scenarios. ConnexPay's rapid deployment capabilities enable insurers to quickly issue thousands of emergency claim payments following major events, with distribution methods that work even in disaster-affected areas with limited infrastructure.
Multi-Method Claims Disbursement
Deploy a claims payment strategy that prioritizes policyholder preference and speed. We support virtual cards, push-to-debit, ACH, and check payments from a single interface, allowing claims departments to select the optimal payment method for each unique claim situation.
Payment Operational Enhancement
Our team of payment experts becomes an extension of your operations, managing complex payment workflows including third-party involvement, partial payments, and supplemental claims—freeing your staff to focus on core insurance functions rather than payment logistics.