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As the lines between banking and insurance continue to fade, the
requirement to leverage the strengths of these two sectors of the financial market becomes clearer.
Insurance premium financing (“IPF”) is where banking and insurance meet.
The insurance product is sold and in most cases it will be financed. If the seller does not provide the financing,
someone else will – and revenue per transaction will be lost.
Proof of concept exists everywhere. Most major automobile manufacturers in existence own and promote their own
financing arm. There is no major seller of personal computers that doesn't offer and promote its financing arm.
Virtually every major gasoline company offers a branded credit card. The list is endless.
Banks that own insurance concerns should be no different. What is different, however, are the stringent
requirements and unique compliance issues faced by the bank in comparison to non-bank owned insurance concerns.
Input 1 understands these challenges and we provide a comprehensive outsourced servicing
solution for bank-owned IPF operations. Input 1's software and internet
support services are used by bank owned insurance financing operations, throughout North America.
Input 1's approach is highly detailed and analytical. We assist our clients in establishing new, or refining
existing IPF operations with policies and procedures that pass the scrutiny of federal and state regulators. This
ensures the bank assets perform and retain their value.
Input 1 is the only third party administrator selected by financial bellwethers such as G.E. Capital, J.P. Morgan
Chase, ING Capital, M&T Bank, Mizuho Bank, DZ Bank and others to back up and to protect the billions of capital
that they have advanced to insurance premium lenders.
If your bank owns brokerage or insurance carrier operations and you have not yet examined the benefit of an IPF arm
or if your bank's IPF arm could benefit from the superior technology offered by Input 1, please read on...
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