Major Benefits For Bank Insurance Operations Of Client-owned “Own Your Own”® Premium Financing With Automated Installment Systems, Inc. (AIS)
The Five (5) Major Benefits of “Own Your Own”® Premium Finance are:
Automatic cross-sale
Handling the premium financing enables you to provide an additional service to your customers, which widens the customer's reliance on your organization and maximizes the revenue on your sales efforts. The bank automatically gets a high yield loan program (if the financing is done directly by the bank) or a well-secured loan between the bank and your own premium finance company – without additional effort.
Significant revenue
Owning your own premium finance company generates a steady stream of additional income from business you’ve already worked hard to write.
Secure high yield investment
Investing in a premium finance subsidiary yields a higher rate of return than alternative investments and is an appreciating asset that builds the overall value of your company for years to come.
Greater control
You gain the advantage of integrating the premium financing into the way you do business.
Competitive tool
Controlling the premium finance component makes it easier for customers to do business with you. Since you determine the interest rate and billing terms, you have the flexibility to do what you need to do to sell the account.