Why Bank Insurance Operations Choose Automated Installment Systems, Inc. (AIS) As Developer, Manager and Third Party Administrator For Their Client-Owned Premium Financing Companies

  • Bank Insurance Operations Want Business Solutions

    • AIS “Own Your Own”® Premium Finance Companies create Business Solutions:
      • A new source of revenue which may be substantial.
      • Single source service helps increase client retention and helps to secure new business.
      • SAS 70 Type 2 Report on Controls Placed In Operations And Tests of Operating Effectiveness is provided to our clients annually – as far as we know, AIS is the ONLY premium finance company third party administrator that undergoes this annual independent audit of its operations and provides each customer with a copy of the Report for their internal and external financial and operational review/oversight.

  • Client-Owned Premium Financing Company experience

    • AIS is "Own Your Own"® premium financing. You can trust AIS as your resource for 100% turnkey outsourcing for client-owned premium finance companies. Since the 1980s our clients nationwide have been benefitting from the concept we introduced and developed and have continued to improve - offer insurance professionals a truly full-service premium finance management system and third party administration designed specifically for them.

  • Experienced professionals with a proven track record

    • AIS has been creating and managing "Own Your Own"® premium finance companies for MGA’s, wholesalers and program managers and insurers for more than twenty-seven (27) years.
    • You want a service provider/resource who:
      • speaks your language – that’s AIS.
      • understands the challenges you face – that’s AIS.

  • We work hard, effectively and efficiently, for you EVERY step of the way

    • Licensing and incorporating your “Own Your Own”® premium finance company.
    • Making sure you are in compliance with state regulations – any or all of the fifty (50) states.
    • Helping you establish interest rates, late fees and payment schedules.
    • Handling the collections, accounting and day-to-day administration.
    • Building a customized website for your premium finance company.

  • The AIS “Epitome”® System, the only system designed specifically for client-owned premium financing

    • AIS proprietary technology IS NOT "off the shelf" billing software that has been adapted to insurance premium financing.
    • It is easy to use and gives you highly efficient and streamlined processing capabilities.
    • The system can be quickly and easily customized to meet your specific needs - because we own the code.
    • Speed, capacity, security - “Epitome”® utilizes highly secure IBM AS400 technology and WebSphere software.
    • Continuous Improvement - AIS is continuously enhancing and/or improving its proprietary premium finance system hardware and/or programming.

  • Variable cost which is based on the loans generated

    • There is no fixed monthly expense.
    • Monthly service fee only on the loans you generate.
    • There are no hidden costs or charges for things like enhancements or upgrades to the system.

  • National capabilities

    • Whether you operate in a single state or nationally, we have the people and systems in place to get your premium finance company up and running quickly and easily.

  • Strong internal controls keep your investment safe and secure

    • Safeguards built into Epitome® ensure compliance with state regulations and that bills, late notices and cancellations are sent when and where they should be. We monitor fluctuations in interest rates and carrier ratings on a regular basis to keep you informed of changes that could impact you. All AIS employees are bonded. AIS undergoes an annual SAS 70 Type 2 Audit, which provides an independent assessment of the effectiveness of our controls.

  • Detailed disaster recovery plan

    • In the event of damage to our central location, AIS maintains a full backup hot site on the West Coast.

  • "Own Your Own"® premium financing receives 100% of our attention and resources

    • We don’t finance premiums. We don’t license/sell our premium financing system software. Our commitment to a single industry and product enables us to stay focused on delivering a “best in class” solution to our customers.

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