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Enterprise Layer Intelligence
Categories/Payment Processing/SnapRefund
SnapRefund

SnapRefund

Founded 2020

Disburse insurance claim payments and collect agency premiums automatically

Pricing model

Free Trial

You can use SnapRefund to disburse digital insurance claim payments and manage agency billing workflows. The service lets carriers, managing general agents, and third-party administrators pay policyholders using ACH, real-time payments, Venmo, PayPal, or physical checks with fast shipping speeds. It also lets insurance agencies send invoices, collect electronic signatures on bound policies, and automatically remit collected premiums directly to carriers. Teams can connect the software to their existing claims management systems through an API or use web-based dashboards without writing code.

What SnapRefund does

Disburse claim payouts directly to insured policyholdersGenerate and send agency billing invoicesCollect electronic signatures on bound policiesVerify policyholder bank accounts via PlaidPrint and mail physical claim settlement checksRemit settled premium amounts to insurance carriersAudit multi-party approvals for mortgagee insurance settlementsDigital claim payouts via ACH, Real-Time Payments, Venmo, PayPal, and checksCross-border payment disbursements to 202 countries across 147 currenciesAutomated agency billing and premium collection workflowsDirect policy document uploading and electronic signature collectionAutomatic premium remittance to insurance carriers upon settlementMulti-party approvals and mortgagee integration for claim compliancePlaid integration for direct bank account linking and verificationReal-time tracking of transaction statuses from dispatch to settlement

Pricing breakdown

Pricing model: Free trial

PlanList price
Basic$15 / mo
Basic (annual billing)$10 / mo, billed annually
Pro$85 / mo
Pro (annual billing)$65 / mo, billed annually
Enterprise$125 / mo
Enterprise (annual billing)$100 / mo, billed annually

Frequently asked

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SnapRefund, ClaimsSnap, AgentSnap, insurance claims payment, claim disbursements, agency billing, premium remittance, insurtech, RTP payments, Plaid integration, digital check payouts, insurance payout, automated claim settlements, policyholder disbursements, claim payment API