Insurers implement Patriot Technology Solutions Billing Tool
Staff Writer | August 03, 2017
Patriot Technology Solutions announces that two new carriers, including Baldwin & Lyons, Inc., on behalf of its subsidiaries under the brand Protective Insurance, plus another P&C insurer have selected InsurePay, a pay-as-you-go, billing as a service to help ease the payment process for its workers’ compensation policyholders. The additions bring the total to 20 carriers who have adopted the tool to date.
“We are very pleased to have Protective Insurance join our growing list of highly regarded national carriers that recognize the value of InsurePay,” says Judith Haddad, president and CEO of Patriot Technology. “InsurePay’s growing success with top carriers is an example of how we are leveraging our state of the art platform and driving growth for the technology organization.”
Through its secure, cloud-based SaaS platform, InsurePay enables policyholders to pay their premiums each pay period based on actual payroll rather than estimated payroll. This approach reduces operational costs for insurance carriers and policyholders, as well as benefitting agents with a competitive product. Through real-time processing, policyholders can reduce or eliminate large down payments and avoid year-end audit discrepancies, and insurance carriers are able to eliminate billing collections and auditing costs.
“Patriot Technology’s InsurePay platform has been received well by our distribution partners, policyholders and underwriting staff, and it has rounded out our workers’ compensation product offering with a highly automated and tightly integrated solution,” says Brian D. Gray, senior vice president and CIO of Baldwin & Lyons, Inc. “We evaluated several pay-as-you-go service providers, but Patriot Technology’s system, and more importantly Judith’s team, were the clear choice as one of our strategic partners.”
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