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Now live: Premium Accounting and CoverPay. Insurance native accounting, installment billing, and payment collection infrastructure with full control of your payment gateway.
CoverPay is a fully configurable, API-driven insurance payment system built specifically for property and casualty organizations. It enables MGAs, wholesalers, and carriers to collect premiums, manage installment billing, process endorsement adjustments, automate failed payment retries, and monitor transactions in real time. Unlike generic billing tools or closed payment ecosystems, CoverPay is designed around insurance complexity. It supports premium schedules, mid-term policy changes, configurable retry workflows, and merchant-controlled gateway integrations without requiring a third-party billing intermediary.
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:
This unified architecture integrates directly with:
For organizations evaluating a dedicated Insurance Payment API the system centralizes payment logic while maintaining gateway independence.
Insurance premium collection rarely happens in a single transaction.
CoverPay includes a built-in installment engine that enables:
Full functionality: Insurance Installment Billing Software
Mid-term endorsements change premium amounts and require billing adjustments.
CoverPay handles:
Deep dive: Insurance Endorsement Billing
Manual follow-up on failed payments creates operational risk.
CoverPay includes configurable retry policies:
Technical overview: Insurance Payment Retry Automation
CoverPay connects directly to your merchant gateway, including Authorize.net.
Organizations maintain full control of:
Unlike vendors that bundle gateway control into proprietary systems, CoverPay operates as configurable infrastructure.
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, installment logic, retry configuration, and gateway control.