Pathpoint, a digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, has launched PathPay, a new, streamlined platform.
PathPay aims to make it easier than ever for agencies to manage invoicing and payment collection through two options: PathPay Insured and PathPay Agency.
Any small commercial agent using Pathpoint can set up PathPay in just a few minutes and access a range of powerful tools to save time on their accounting operations. These include digital payment options to eliminate payment errors, live access to payment status, and a book of business dashboard with policy details and commission statements.
The new platform, Pathpoint said, will save agents hours of work currently spent on collecting, processing, and tracking payments.
PathPay Agency also leverages new PathPay features to deliver a superior payments experience. Agents no longer need to chase insureds for payments, follow up to trace payment status, or reconcile accounting errors, regardless of the PathPay option they choose.
Alex Bargmann, Pathpoint’s CEO, said, “Collecting payments directly from insureds is something completely new to the wholesale industry, but it considerably cuts down on agent overhead. We’re thrilled to bring this to every agent using Pathpoint across the U.S. Pathpoint’s mission is to streamline the small commercial E&S process, and with PathPay, we’re giving agents hours back that they can spend with their clients and on new business.”
Earlier this month, Singapore-based InsurTech bolt partnered with Pathpoint. The partnership saw the launch of Pathpoint’s integration into bolt Access, bolt’s wholesale agency digital placement platform.
Additionally, insurance agents who use bolt Access to place small commercial insurance now have the ability to quickly and easily quote Pathpoint’s small commercial E&S in a true end-to-end digital experience.
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