MT TL Rotating 4 10 2018
Follow Us



Insurity Enhances Billing Solution for P&C Insurers

Staff Writer | October 02, 2014

Insurity, Inc., announces the availability of Entity Billing functionality for its Billing Decisions software for P&C Insurers. Entity Billing generates individual installment schedules for each Entity (or organization) “within” a policy, whereas other billing methods generate the installment schedule at the “policy” level for the total premium. The solution also provides for a payment plan selection by Entity within a policy.

Entity Billing is beneficial for all carriers and specifically for those supporting “pool” business or other organizational hierarchies, e.g. church diocese, medical (e.g. by institution, department, physician group and individual physician) or municipalities.

All current Billing Decisions customers receive this additional functionality. Entity Billing combines with the five other billing methods already supported within Billing Decisions which include:

  • Direct Bill – Invoice per policy
  • Agent Bill – Monthly statement for multiple policies and insureds by Agent
  • Account Bill – Invoice per account for multiple policies
  • Payroll Deduction – Statement to employer based on payroll frequency
  • Deductible Recovery – Invoice per account for recovery of certain claim payments not made net of deductible

, commented,

“Many carriers need the ability to manage risk purchasing at various levels within a policy and traditionally do so through either significant customization or manual processes outside their systems,” says Jim Hatch, vice president, product engineering, for Insurity. “Entity Billing, also referred to as Split Billing Support, is ideal for those insurance companies needing risk retention billing capabilities or where the carrier’s clients need flexibility in supporting internal billing of multiple groups within their organization. We look forward to enabling our customers to build ‘best-in-class’ service levels in this important area of their operation.”

Entity Billing inherits Billing Decisions standard automatic workflows, such as correspondence, billing fees, refund, and commission disbursements. Billing Decisions is a stand-alone solution as well as fully integrated part of Insurity’s Insurance Decisions Suite of core processing applications together with Policy Decisions, Claims Decisions, and Reinsurance.

Billing Decisions provides the ability for insurers to leverage flexible payment plans (from full payment to monthly) as well as multiple payment methods. Insurity’s software is optimized through rapid implementation and automated workflows as well as flexibility to allow the insurer to react quickly to changing business needs while providing streamlined operational efficiencies.

Featured articles

MT RHS Rotating 4 10 2018

Majesco RH


The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.


ITA is pleased to present the 2014 Webinar Series. We have many topics for you to choose from and attendance is open to all ITA members. The webinar topics are current and exciting — ranging from predictive analytics to telematics and will focus on the direction insurance carriers need to follow for the future. All webinars are presented by insurance IT professionals along with some of the leading analysts and consultants in the field. There is no cost to attend an ITA webinar. For more information and to register for the webinar, click the “title” of the webinar below.


only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News