Insurance Company/MGA
Insurance companies and managing general agents provide a valuable wholesale distribution service in the delivery of both personal and commercial insurance products. Both groups have similar objectives, including:
- Develop markets
- Distribute products
- Manage risk
- Service customers
- Maximize profitability
The wholesale channel traditionally has provided multiple payment variations depending on the product line. These plans range from payment-in-full, direct bill, agency bill and financing. XpressCapital Premium Finance delivers customized premium finance programs which enable you to focus on executing your business strategy by leveraging your strengths, outsourcing your weaknesses and maximizing your reach and profitability.
The results of our customized premium finance plans provide you the ability to:
- Focus on core competency
- Increase revenue recognition
- Accelerate market penetration
- Improve profitability
Our payment programs provide measurable key performance benefits. Take a look at our benefits section and then give us a call to discuss how we can deliver for your organization.
Programs
- Direct bill – outsource servicing
- Direct bill – advanced funding
- Direct bill hybrid (combination of direct bill & financing)
- Agency Bill Programs
- Premium financing
Benefits
- Reduce cost of administering and servicing your payment program
- Increase income & reduce expenses
- Premium paid up-front
- Plans for all size premiums
- Provide more options to your agents & insureds
- Increase your market penetration
To learn more, click here for specific information regarding our Insurance Company/MGA Program and Benefits.
