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VISIT IPFS CANADA

Premium Financing

for Insurance Agents

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The Insurance Industry's Leading Premium Financing and Payments Solution

With more than 45 years in insurance premium financing, IPFS provides insurance agents a level of customer service that is legendary. IPFS is a privately held company with localized offices across the U.S., Canada, and Puerto Rico. We are not owned by a bank or other entity, which enables us to offer the most efficient, customized, digital-first services in the premium financing business.

As a family-owned business and strategic premium financing partner, IPFS offers One Platform of solutions to help agencies better serve their customers. We provide native and custom integrations for existing agency management platforms, and many other features designed to help both insurance agencies and general agents grow their businesses. Our wholly owned subsidiary and payment facilitation company, AndDone, LLC, offers customers multiple, secure and efficient payment collection options, creating a one-stop source for all things financing and payments. 

Our size, market presence, experience, and independence provides financial strength and flexibility to handle all of your accounts, ranging from large, complex relationships to smaller, more routine engagements. In 2022, we financed more than 700,000 loans across North America, totaling more than $13 billion in premiums in the U.S. alone.

Technology Solutions

In the 1970s, we relied primarily on a computer and a printer. With today’s technology advancements, we are able to provide a significantly higher level of solutions and service to our customers. Insurance agencies throughout the U.S. market utilize software that is as unique as they are. When we began developing custom integration solutions, we knew we had to cater to all agency needs, so we developed several native integrations with common AMS providers, as well as the ability to customize integrations for other AMS systems. Through our payment facilitation company, AndDone, LLC; our IPFS Connect® mobile app; the ipfs.com website; and customized, in-house integrations, we have built a suite of services that are unrivaled in the insurance industry. Read more below.

Technology

IPFS is the industry leader in providing easy-to-use technology to assist agents with day-to-day business. With services including credit card and ACH down payment options, our aim is to help you save time. Additionally, our enhanced eForms delivery option allows agents to streamline their insurance agency operations and reduce waste.

  • IPFS Connect and a mobile optimized website that allows customers to access their account and make payments anywhere
  • eForms
  • Text alerts
  • Credit card and ACH down payment
  • Agent and insured web portal
  • Agency dashboard on ipfs.com provides insight into insured activity

Integrations

IPFS system integrations are tools that enhance agency management systems. With our custom solutions we have seen dramatic improvements in efficiency and profitability with our partner agents. Depending on which agency management system is in place, we will recommend integration solutions that improve quoting, processing, and reporting.

  • IPFS QuoteLink® - Pre-built integrations with agency management systems such as Prevail and Applied
  • IPFS CustomLink® - Third-party integrations with submission tool for agencies that prefer not using eSign
  • IPFS DataLink® - Data reporting technology
  • IPFS eCommLink™ - Integrates using IPFS CustomLink with additional payment processing for the life of the account

Benefits of Premium Financing

While technology and custom integrations are a crucial piece of our service offerings, how does partnering with IPFS affect my bottom dollar? Here are just a few ways premium financing with IPFS benefits you:

  • Premium financing services provide a competitive service offering for insurance agencies
  • Custom integrations save time, energy, and labor costs
  • Our team of professional IPFS Associates are nationwide across the U.S. and Puerto Rico
  • Premium finance allows unique opportunities when business owners might not otherwise be able to afford the appropriate level of insurance

Continuing Education

IPFS has created the industry’s top premium finance continuing education program. We offer multiple classes designed to appeal to your employees with different skill sets and credit requirements.

Arranging a class is easy. We teach at the location of your choice, and we file all required state forms, free of charge. Our certified instructors are experienced in the field, and are located throughout the United States and Puerto Rico. Many of our attendees have expressed that the class is one of the best they’ve taken. We provide four courses: Premium Finance Options, Premium Finance Express, Avoiding E&O Loss and the Fundamentals of Ethics.

Course offerings vary by state. Contact your Sales Executive for availability, course credit information, and additional details. 

Purchase Plans

Are you interested in starting a premium finance company? For many years, IPFS has helped premium finance companies grow by purchasing their premium finance company’s receivables.

With IPFS as your strategic vendor, your premium finance company will have increased access to funds and services without tying up credit lines. This program allows you to customize your own market rates and streamline operations by reducing the administrative work associated with billing and collections. Your agency-owned premium finance company can produce profit without the need of additional people or resources.

Working with IPFS provides multiple benefits including:

  • Additional income
  • IPFS assumes the risk
  • Eliminate expenses as IPFS assumes all billing and collecting responsibilities after purchase
  • Additional services for your Customers, while IPFS provides free access to our online quoting system and credit analysis

Our experienced team can guide you through the process of starting your own premium finance company in your state. Or, if you’ve already started a company, talk with us about enhanced services IPFS can provide.

*Please note that not every program listed above is available in every state. A program’s availability in a particular state, among other considerations, is determined on the applicable law of such state.

Learn How IPFS Benefits Insureds

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Benefits for Business Owners

Financing your commercial insurance premiums gives you the flexibility to use your working capital more effectively. Freeing up capital can allow you to focus on product development, hiring new employees, marketing and other investments to grow your business.
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Benefits for Insurance Companies

The insurance industry is digitally enhancing its purchase and service model to elevate the customer experience for insureds. This is where IPFSDirect® steps in. IPFSDirect is a business unit established under IPFS Corporation who works exclusively with insurance companies providing payment and collection services.