Insure Icon
@insuregroup

Long and Short-Term intermediaries can utilise our Debit Order and Premium Handling services for the collection, deposit and disbursement of premium, commission and other charges to Insurers, Underwriting Managers, Brokers, Administrators and approved third parties.

We also cater for the needs of the Insurers who would prefer the option of de-risking premiums by facilitating premium collections directly into their own bank accounts. Our flexible premium handling system allows Insurers to have visibility on the collection portfolio of their intermediaries and provides valuable data through a range of tailored reports. An insurer also has the option to be included in the payment's authorisation process.

How can your business benefit

  • Streamline the debit order collection process through utilizing our flexible and efficient electronic debit order collection service.
  • Our service includes the management of collections, deposits and disbursements of premiums, commissions and fees.
  • There is the flexibility of multiple strike dates, meaning you can collect on any banking day of the month, including Saturdays.
  • We provide Clients with daily electronic notification of internal rejections, through our pre-validation system and external unpaids, also indicating the banking reason codes for the rejection.
  • There is the ability to segment portfolios through our innovative system of sub-accounting.
  • Separate individual bank accounts can be made available if preferred.
  • We also have options available to manage Claims Floats.
  • We have the ability to manage premium in foreign currency.
Providing you with Comfort, Convenience and Compliance
Providing you with Comfort, Convenience and Compliance
  • Your Business is handled on a specialist proprietary designed insurance premium collections system.
  • Our system is compatible with all industry based insurance policy administration systems.
  • Get the benefit of a highly skilled and capable workforce in a business which prides itself on more than 25 years of experience in the industry.
What is this going to cost?
Providing you with Comfort, Convenience and Compliance
  • Based on transaction value and volume, we offer a flexible and competitive fee structure.
  • Contact us to request one of our Senior Account Executives to present you with a proposal tailored to your needs.

Frequently Asked Questions

Q: What will appear on our Clients bank statement…?

A: We can customise the referencing on your Clients' bank statements.

Q:Is there a mid-month cut-off date for collection?

A: No. We can collect any day except on a Sunday or Public Holiday. Should you send a file with the date for a Sunday or a Public Holiday the bank will move the collection date to the next business day.

Find out what we can do for your business

Premium Handling; Insurance Premium Financing; Broker Acquision Funding & other complimentary range of services.
Talk to us
Pin It