“Own Your Own”® Premium Financing – AIS Founders Thos. Michael Wood and Diane Wood Started It All In 1982
In 1982, AIS founders Thos. Michael Wood and Diane Wood changed the industry when they developed the first turnkey, third party administration system that offered insurance firms all the advantages of owning their own premium finance company without any of the hassles. The first AIS-managed, agent-owned finance company opened its doors shortly thereafter, and the rest is history.
Before Mike and Diane created “Own Your Own” premium financing, you had two (2) choices when it came to financing the policies you sold: 1) use an outside company and give up significant control and income on the premium receivables you worked hard to build; or 2) build and staff an infrastructure to finance your own book of business.
AIS Leads The Way Through Continuous Improvement
Since AIS’s entry into the marketplace, others have tried to follow in our footsteps as third party administrators. However, AIS continues to set the industry standard as the leader in third party administration of premium finance companies.