Insurance Automation in 2025: A Roundtable Report from Top 100 Brokers and MGAs

A recent webinar highlights the ways technology is helping leading insurance companies save time and money as premiums continue to rise.

The High-Level Takeaways:

• Automation delivers substantial time savings and reduces errors in AR processes.
• Standardized, user-friendly online payment portals significantly improve payer convenience and payment conversion rates, while reducing support requests.
• Addressing ACH fee sensitivities and offering flexible payment options are crucial.
• Direct bill invoicing and carrier payables represent significant automation opportunities.
• Seamless integration with agency management systems is paramount for maximizing the benefits of payment automation.

AUSTIN, Texas, April 8, 2025 /PRNewswire/ -- The insurance industry, with its complex processes and high transaction volumes, stands to gain significantly from embracing automation, particularly in the realm of accounting. But process change is hard, especially at the scale that many insurance organizations are working with.

This was the key message from a recent online summit of insurance experts, hosted by ePayPolicy - the digital payments platform for insurance companies. The "Accounting Automation in Insurance" virtual roundtable aimed to get to the heart of how industry experts are winning with automation – and where the industry is still lagging behind.

This article distills the key insights from this roundtable.

The Foundational Impact of Automation: Time Savings and Error Reduction

The panelists unanimously agreed on the fundamental benefit of automation: time savings. Lakshmi Subramani from Epic Brokers Insurance succinctly captured this when discussing accounts receivable (AR) automation:

"When the client goes and pays on the ePayPolicy web portal, they see all of the invoices that are outstanding, and they just click on them," Subramani said. "So, we eliminate the manual error. Nobody needs to go and post it in our agency management system. It's taken care of by the ePayPolicy payment link integration."

Before automation, manual processes were prone to errors, including misapplication of payments and the time-consuming process of dealing with returned checks. Automated systems directly post payments into their agency management system, eliminating a significant administrative burden.

Tyler Diago of Arden Insurance quantified this impact on a larger scale. He revealed that automation contributes to over 37,000 hours of automated accounting work every year at his MGA. This staggering figure underscores the profound efficiency gains that are possible through a comprehensive approach to automation in insurance accounting. These saved hours translate directly to increased productivity, allowing staff to focus on higher-value tasks and strategic initiatives rather than being bogged down by manual data entry and reconciliation.

Key Automation Wins: Simplifying Processes and Enhancing Payer Convenience

The discussion delved into specific automation initiatives that have yielded significant wins for the panelists' organizations. Tyler Diago highlighted the power of standardization:

"What ePayPolicy has allowed us to do is set up shop for a one-process support system that we can direct all of our payments into," said Diago. "That has brought us the most lift from an automation standpoint. Regardless of the carrier, regardless of the customer's location, regardless of any of the different factors, everybody pays us the same way."

By implementing a unified payment process across different carriers and customer segments, Arden Insurance has drastically simplified its inbound payment management, reducing complexity and streamlining workflows. This "one-stop-shop" approach not only benefits internal operations but also enhances the payer experience by offering a consistent and predictable payment method.

Deni Dryer from Epic Brokers Insurance emphasized the crucial timing of their automation adoption. She recounted how implementing online payment options became a "lifesaver" during the 2020 pandemic.

"It is really just offering our clients the option to pay online," Dryer said. "This really kickstarted our agency-wide project of giving all our divisions or our clients access in 2020 when everyone went remote, and offices closed down for a little bit. It was a lifesaver and it saved us long-term."

Noah Styles from Cross Pointe Insurance offered a compelling "before and after" picture of their payment processes. He vividly described their previous system:

"We went from the 1980s into the 21st century with online payments," Syles said. "An insured would get on for an agency bill, and they would type in their bank account number and routing number, and how much they wanted to pay, and essentially went to a form. Then somebody in accounting would then pull that form, and then they would go ahead and ACH the money."

This dramatic shift from manual data entry to a streamlined, self-service system not only improved efficiency but also significantly reduced the potential for errors while enhancing data security.

Payer Experience: Building Confidence and Convenience

The panelists recognized that automation's benefits extend beyond internal efficiency to positively impact the payer experience. ePayPolicy's Jeff Pharis pointed out that providing clear invoice details on payment pages builds trust:

"When I'm actually clicking on a button that says, 'This invoice, this is how much you owe,' I'm a lot more likely to pay online as well," Pharis said.

"Yes, and also, you don't have to remember a password," added Subramani. "You don't set up a password, you don't need to register. With too many passwords these days, that's a good thing. You just go click 'pay' and you don't forget about the password."

The ease of use, coupled with the clear presentation of invoices, fosters confidence in digital payments and encourages higher adoption rates.

Navigating Payment Methods and Fees: Balancing Options and Sensitivities

The conversation addressed the nuances of payment methods and associated fees. Noah Styles emphasized the importance of payment optionality, particularly in the relationship-driven insurance industry. "Depending on where your location is, it's probably going to be a little bit different," he said. "Because we have found in our rural locations, those insureds have a preference on how they pay. Whereas in our 'big city' locations, those insureds are much more amiable to pay online. We are ambivalent. We're not going to tell an insured, 'No, you can't pay us,' if they're trying to pay an agency bill invoice."

Tyler Diago shared their strategy for handling transaction fees, particularly the sensitivity around ACH fees in commercial lines:

"With commercial lines, a lot of people have trust or fiduciary responsibility of making payment, and we found that we ran into issues where people couldn't make payment to us online because there was a fee," he said. "Since we switched to the check processing platform, we've also opted to absorb the ACH fee on our side to make the payment fee-free for our customers."

By absorbing the ACH fee, Arden Insurance witnessed a direct positive impact on receivables, with customers paying more promptly and accurately. Noah Styles and Lakshmi Subramani corroborated this, confirming that ACH fees are a highly sensitive issue for insureds. Tyler also noted the benefit of reduced customer service calls related to fees, contributing to overall efficiency and cost savings.

The Future of Automation: Direct Bill, Payables, and System Integrations

Looking ahead, the panelists identified significant opportunities for further automation. Lakshmi Subramani pinpointed direct bill invoicing and carrier payables as major areas for improvement, especially for large agencies like Epic Brokers with high transaction volumes. "For us, the direct bill is huge because the agency bill is now set, it's automated. The direct billing and carrier payables are the two major issues we have because of the volume of transactions. Reconciling insurance payables is a major one–and invoicing direct billing."

Jeff Pharis underscored the challenge of disjointed systems within the insurance ecosystem:

"There are so many different systems in this space," he said. "You have premium financing systems. You have MGA management systems. You have agency management systems. And they're not necessarily connected."

He highlighted the inefficient cycle of "digital to paper to digital" often seen with carrier statements and emphasized ePayPolicy's focus on connecting these disparate systems. This integration theme strongly resonated with the audience, as evidenced by the poll results.

Integration is Paramount: The Key to Unlocking Automation's Full Potential

In a live poll conducted during the roundtable, "Integrations to management systems" emerged as the top priority factor when choosing a payment platform. This result powerfully reinforces the panelists' discussions and underscores the industry's collective desire for seamless system connectivity. Noah Styles succinctly captured this sentiment:

"It's a 'when,' not an 'if' when, you're going to integrate," Styles said."

The panelists unanimously agreed that integration is not just a desirable feature but a fundamental requirement for effective automation. Seamless integration eliminates data silos, reduces manual reconciliation efforts, and enables a truly streamlined and efficient accounting workflow.

Conclusion: Automation as a Strategic Imperative

The roundtable discussion clearly demonstrated that accounting automation is transforming insurance payment processes, driving efficiency, enhancing payer experiences, and creating significant value for agencies. The panelists' experiences with automated accounting and their insights into the challenges and opportunities in insurance accounting automation provide a compelling roadmap for agencies looking to modernize their operations.

As the insurance industry continues to evolve, embracing automation in accounting, particularly in payment processing, is no longer just about improving efficiency—it is becoming a strategic imperative for agencies seeking to thrive in an increasingly competitive and digitally driven landscape.

About ePayPolicy
ePayPolicy offers easier payment tools, built just for insurance. ePayPolicy's products bring insurance payments up to speed for agencies, carriers, MGAs and PFCs, with secure online payment pages, automated check processing, payables reconciliation and more. 7,000+ insurance companies trust ePayPolicy and their expert, live support team to handle their payments every day. Learn more: ePayPolicy.com

Media Contact:
Justin Jaksha
8443729300
[email protected]

SOURCE ePayPolicy