Modern Pay By The Month solutions for Insurance Entities
Offer pay-by-the-month premiums without legacy friction, manual reconciliation or operational burden.
Trusted Across Multiple Markets
Industry leaders around the world have placed their trust in us, and now, you too can experience the difference with our cyber secure cutting-edge Premium Funding software.
Modern Pay By The Month solutions for Insurance Entities
Red Planet enables carriers, MGAs and underwriting agencies to offer seamless pay by the month options.
Our platform provides the solution layer that supports automated payments, real-time reporting and secure ecosystem integration.
Embedded Payments Options
Offer a pay by the month alternative at every customer pay point.
Enable pay-by-the-month premium options directly within your insurance distribution model.
Automated Reconciliation
Eliminate manual balancing processes. Real-time visibility across pay by the month schedules, repayments and reporting.
Ecosystem Integration
100+ APIs supporting seamless connectivity between broker systems, policy platforms and payment processors.
Designed for Carriers and MGAs
Built specifically for insurance entities offering pay by the month programs at scale. Flexible structures that adapt across regulatory markets.
Enterprise-Grade Security
ISO 27001, SOC 2, GDPR and PCI DSS aligned. A payment solution designed to meet strict insurance governance requirements.
Proven at Scale
35+ years of industry experience.
$10B+ in repayments managed annually.
Trusted across Australia, New Zealand, United States, United Kingdom, Ireland, and Canada.
Explore Modern Pay By The Month Solutions for Insurance Entities
Key Capabilities
Premium Pay By The Month Automation
End-to-end payment workflow control
Reconciliation Automation
Remove manual balancing processes
Payment Integration
Embedded with existing systems
Compliance Controls
Built for regulatory oversight
Reporting & Analytics
Real-time visibility
Secure Payment Solution
Enterprise-grade data protection
What's in it for you?
Odyssey IPF Software
Quotes
Management Reports
Loans
Administration
Settlements
Support
Reports
Complete software solution
Deep integration with brokers systems
Flexibility - access anywhere, anytime
Portals from Intermediaries and Borrowers
Offer flexible billing and online payment methods
Manage cash flow
Reduces data entry and administrative tasks
Speeds up approval processes
Ensures accuracy in reporting and credit management
Automated notifications
Data conversion from legacy systems
FAQS
What is pay by the month software for insurance entities?
The platform is designed for insurance entities writing either direct or intermediated business, including:
• Insurance carriers
• Managing General Agents (MGAs)
• Underwriting agencies
It supports organisations offering insurance policies directly to customers or through broker distribution channels.
Who is this solution designed for?
The platform is designed for insurance entities including:
Carriers
Managing General Agents (MGAs)
Underwriting agencies
Multi-brand insurance groups
It is suited to organisations seeking greater visibility, automation and control over pay by the month payment processes.
Can the platform integrate with our existing systems?
Red Planet’s software is designed to operate within established insurance ecosystems.
Integration capability will depend on your current policy administration systems, broker platforms and payment workflows. Our team works with insurance entities to assess integration requirements and determine the most suitable approach.
How does the system help reduce operational complexity?
Legacy pay by the month processes often involve manual reconciliation, disconnected reporting and limited payment visibility.
Modern pay by the month software is designed to streamline these workflows by centralising payment data and improving transparency across broker and customer interactions.
Specific operational outcomes depend on the structure of your existing processes.
Does this affect our existing funding relationships?
Red Planet provides software infrastructure.
How the platform is used within your commercial model (including relationships with funders) depends on your organisational structure and program design.
Our role is to support instalment programme management through technology.
How long does implementation take?
Implementation timelines vary depending on:
System complexity
Integration requirements
Regulatory environment
Internal stakeholder alignment
A structured scoping process is conducted before any implementation timeline is confirmed.
Is the platform secure?
Red Planet prioritises information security and data protection within regulated insurance environments.
Security and compliance frameworks are aligned to industry standards appropriate for financial and insurance technology systems.
Specific certifications and requirements can be discussed during consultation.
Can this support growth and scalability?
The platform is designed to support insurance entities operating across multiple distribution channels.
Scalability considerations are assessed during the discovery phase to ensure alignment with your operational goals.