#United States #Austin #ePayPolicy #Finance Connect #Honor Capital

Honor Capital Partners with ePayPolicy

In a significant stride towards simplifying financial transactions in the insurance sector, Honor Capital has announced its collaboration with ePayPolicy. This partnership aims to facilitate an easier and more efficient financing process for insured payers and to simplify offerings for insurance agencies and brokers.

Enhancing Accessibility

The newly introduced feature, Finance Connect, enables insurance brokers and agencies associated with Honor Capital to present user-friendly financing options to clients at the moment of online payment. This innovative approach means that insured individuals no longer have to explicitly request financing; instead, eligible policies are offered in real-time as they proceed through the online payment process.

As articulated by Josh Peterson, Chief Product Officer at ePayPolicy, "Agents only have so much time, and it's not possible to generate a competitive finance option for everyone. Now they can send that option every time, with zero effort and no double entry." This integration allows brokers to focus on their clients' needs without being overwhelmed by administrative tasks.

Key Features of Finance Connect

Finance Connect introduces a set of robust features designed to enhance the efficiency of financial interactions in the insurance industry:

• - Real-Time Eligibility Checks: Financing options are automatically presented to eligible customers, eliminating the previous manual checking process.
• - Integrated Solutions: A seamless connection is established between Honor's quoting systems and leading insurance agency management and accounting frameworks.
• - Simplified Processes: The financing enrollment process is streamlined, and upfront terms are clearly laid out for insureds, ensuring transparency.
• - Consolidated Agreements: Easily produce comprehensive premium finance agreements (PFAs) with minimal effort.
• - Professional Digital Quoting: Agents can present polished digital quotes that include financing alongside traditional pay-in-full options.

This partnership signifies a crucial advancement in the premium financing landscape, aligning with the evolving needs of customers and the ever-increasing demand for efficiency and ease of access.

About Honor Capital

Founded in 1948, Honor Capital has built its reputation on a mission to propel the growth of insurance agencies throughout America. As one of the largest independent premium finance companies in the U.S., their dedication to detail sets them apart in the industry. By staying attuned to their agents' requirements, they consistently yield significant results.

About ePayPolicy

Specializing in insurance payments, ePayPolicy offers a suite of innovative payment tools designed to streamline processes for agencies, carriers, and managing general agents (MGAs). With over 11,000 insurance companies relying on ePayPolicy for daily transactions, their products enhance payment efficiency with secure online platforms and automated processing capabilities.

As this partnership unfolds, both companies express their anticipation for better serving the insurance community, lessening the burden on agencies while enhancing the experience for insured payers. The marriage of Honor Capital's resources with ePayPolicy's technical capabilities brings forth an era of streamlined, user-friendly financing solutions that promise to reshape the landscape of premium financing in the insurance industry.