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Send payment and policy data directly to your
carriers without ever leaving your BMS.
Send payment and reconciliation data directly to your carriers without ever leaving your BMS. ClearPay is designed specifically for the insurance industry as a closed environment to transfer both funds and the settlement information.
The service provides your brokerage the ability to securely set payee, amount, date and electronically approve payments to your carriers. ClearPay transfers funds from the brokers’ designated bank account to the Carrier or MGA for monthly payables or one-time payments. In addition, ClearPay compiles and delivers reconciliation data to assist with reconciliation in the Carrier’s accounting and policy administration system.
Transactional cloud based solution with easy implementation and a seamless integration to most BMS’s just to name a few.
Saving brokerages time, money and improving security. ClearPay eliminates cheque fraud, enhances operational efficiency and reduces settlement delays.
Here is a list of common questions and answers about ClearPay, or just reach out to us, we’re happy to help.
ClearPay uses bank level security and encryption standards to securely transfer funds and data.
We are excited about simplifying the premium payment process for the P&C Insurance Industry. Brokers will love the ease of paying company payables and carriers can enjoy receiving electronic funds and related policy data, the same way from every brokerage.John Knotek - CEO