Millions of dollars move back and forth between consumers and auto insurance companies nowadays, so Dream Payments wants to make those transactions smoother.

Last week, the company launched the DreamPay Insurance Payment Hub — a two-way insurance payment network operating seamlessly across North America, leveraging J.P. Morgan Payments’ capabilities.

Dream Payments said that for the first time, insurers can accept premiums from policyholders in both the U.S. and Canada, and issue claims payments to individuals and businesses of every size, using digital or physical methods — all in one platform.

With the DreamPay Insurance Payment Hub, Dream Payments said insurers now can gain access to the most expansive insurance payment network on the continent. The platform connects to more than 350 million individuals and more than 30 million businesses across North America.

From policyholders in Toronto to service providers in San Francisco, insurers can initiate and receive payments across every relevant rail — from real-time payments and ACH in the U.S., to EFT and cheques in Canada — and even reach any address on the continent for physical check delivery.

DreamPay Payments said insurance companies have been searching for a strategic partner that understands the unique realities of the insurance industry — policy lifecycles, billing integrations, regulatory scrutiny, and the expectations of digital-first customers.

The DreamPay Insurance Payment Hub was built from the ground up for this purpose.

By leveraging J.P. Morgan Payments’ pay-in and pay-out rails, it allows carriers to manage both inbound and outbound insurance payments through a modern API.

DreamPay Payments said its solution fits into the tools insurers already use — integrating with systems like Guidewire and Insurity — and brings modern infrastructure without requiring new banking relationships, vendor onboarding, or compliance overhauls.

In addition to its long-standing claims disbursement capabilities, Dream Payments now can enable insurance carriers to collect premiums from policyholders in both the U.S. and Canada seamlessly and securely through Dream’s integration with J.P. Morgan Payments for payment processing and merchant services.

Carriers can accept premium payments through trusted payment rails including credit and debit cards, as well as direct-from-bank payments — ACH in the United States and EFT in Canada.

According to the company, each transaction flows directly into the insurer’s bank account, preserving treasury visibility while reducing delays and reconciliation effort.

“We built the DreamPay Insurance Payment Hub to solve the exact pain points insurers face across North America,” Dream Payments CEO Brent Ho-Young said in a news release.

“By enabling premium collection and claims payments for insurers, MGAs, and TPAs across North America through our integration with J.P. Morgan Payments, we’re giving carriers the digital payments infrastructure to meet today’s policyholder expectations and tomorrow’s demands across borders,” Ho-Young continued.

Jason Tiede is global head of corporate development and partnerships at J.P. Morgan Payments.

“The demand for innovative digital payment solutions has never been higher in the insurance industry, as policyholders seek enhanced experiences and more options,” Tiede said.

“Through the Dream Payments integration, we can provide our insurance clients with payment solutions that enhance policyholders’ payouts, thereby building trust with their providers,” he went on to say.