Insurance PaymentsCoverPay is our insurance-native payment infrastructure for premium collection by Card and ACH, payment tracking and reconciliation. Agents can pay directly or securely request payment from the insured. For a dedicated payments platform built for MGAs, wholesalers, carriers, and agencies, visit CoverPay.
As part of the broader platform architecture of Selectsys, CoverPay serves as the payment infrastructure layer across rating, policy administration, and accounting operations.
CoverPay provides a single insurance payment API for all payment operations:
Built to connect across the Selectsys platform:
For organizations evaluating a dedicated Insurance Payment API the system centralizes payment logic across collection, retries and reporting. Today that runs through the payment API, outbound webhooks and the Expert Insured invoice integration.
Insurance payment platforms allow insurers and MGAs to collect premium by Card and ACH, track payment activity, and reconcile payment transactions.
Premium is collected against an invoice or a payment request, before or after issuance.
CoverPay collects premium with:
Full functionality: Insurance Payment Processing Platform
The agent does not have to hold the insured's card or bank details to get the premium in.
The last mile of premium collection:
Help your agents collect faster, so you get paid faster.
Collected premium only helps once the finance team can see it and account for it.
CoverPay keeps payment activity visible:
Manual follow-up on failed payments creates operational risk.
CoverPay includes configurable retry policies:
Technical overview: Insurance Payment Retry Automation
Premium amounts change after a payment plan is created, and the payment record has to keep up.
CoverPay handles:
Deep dive: Payment Adjustments and Refunds
Where a program collects premium over time rather than in one transaction.
CoverPay includes a built-in installment engine that enables:
Full functionality: Insurance Installment Billing Software
Most premium stalls in the last mile, between the agent and the money. CoverPay lets the agent hand the payment to the person who owes it without touching their card or bank details.
Sends the payment request.
Receives the request.
The agent pays by Card or ACH, or requests payment from the insured.
Card or ACH information entered by the insured.
Tracked through to reconciliation.
What the agent does not need:
What it changes:
In addition to API functionality, CoverPay includes a full administrative interface:
This provides finance and operations teams with direct oversight of premium collection.
Within the Selectsys platform structure:
This layered structure positions CoverPay as core infrastructure, not a standalone billing add-on.
Platform overview: Platform
CoverPay supports:
Use cases include:
Modern insurance organizations require payment infrastructure built around underwriting and policy complexity. Request a technical walkthrough of CoverPay to evaluate API integration, premium collection, payment requests to the insured, retry configuration and reconciliation support.
Selectsys operates as a connected insurance infrastructure. Each component supports a different part of the policy lifecycle while remaining fully connected inside one operating system.
Premium collection and payment workflows run through CoverPay: payment requests by Card and ACH, payment to the agent or the insured, retries, additional charges and refund requests, and reconciliation support, with installment schedules where a program uses them.
Each capability can operate independently, or connect with the others as the operation requires.
