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Insurance Companies collect premiums automatically One of the first industries to take advantage of the savings and increased account retention afforded by ACH automated bill payments was the insurance industry. Metropolitan Life is the second largest private sector ACH originator in the country, collecting premiums on 1.6 million policies monthly.They report a savings of about 40 cents per ACH payment versus sending out a bill, and far fewer policy cancellations. Our system makes it easy for companies of all sizes to use the ACH network. As a matter of fact, most of our clients in the insurance industry are not the actual providers but the agencies that are writing the business. We're seeing that these clients are using checks by phone, in addition to the traditional automated payments. Please contact us if we can be of assistance to your company.
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