Big News from SNAP Premium Finance

Jul 1, 2021

Our subsidiary SNAP Premium Finance had a couple big developments in June that we're excited to pass along:

First, Applied Systems announced SNAP as their latest integration partner, bringing flexible insurance payment options with a streamlined workflow to their customers. Read more on Applied's website.

They also launched access to their Customer Portal for insureds, allowing insureds to log in to service their accounts directly. Read more about the news at Canadian Underwriter.

Visit the SNAP website to learn more about partnering with them for Canadian business.

Benefits for Insurance Agents

Immediate commission collection, superior account receivable ratios, reduced billing expenses, enhanced service for your clients, increased annual income, and much more. In 2021, we financed more than 700,000 insurance loans across North America, totaling nearly $12 billion in premiums in the US alone.

Benefits for Business Owners

Financing your commercial insurance premiums gives you the flexibility to use your working capital more effectively. Freeing up capital can allow you to focus on product development, hiring new employees, marketing and other investments to grow your business.

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Benefits for Insurance Companies

The insurance industry is digitally enhancing its purchase and service model to elevate the customer experience for insureds. This is where IPFSDirect^® steps in. IPFSDirect is a business unit established under IPFS Corporation who works exclusively with insurance companies providing payment and collection services.