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Additional questions and answers specific to agents or lender are available after you login.
How can Alliance Billing help me as an agent?
Do I have to increase the policyholder interest rate?
I use a bank instead of a premium finance company. Will this work for me?
How can Alliance Billing help me as a lender?
As a Lender, how much can I lend?
What will the information be used for that I provide during registration?
Will the information I enter be secure?
What does 'case sensitive' mean?
How can Alliance Billing help me as an agent?
You are the point of sale producing premium finance agreements by financing the insurance policies that you produce. Without agents there would be no premium finance industry. Insurance agents are motivated by profits, and historically, agents have not made a lot of money from the premium finance agreements that they sell to premium finance companies.
Quit doing traditional premium finance and Power Finance™ where you finance for profit. Alliance Billing Inc can show you the way to making more money. You will be amazed how simple and easy it can be.
Agents, wake up and compare your insurance policies’ commission rates with the money you make from premium finance. Why is there a difference? Would you like to make more than your insurance policy commission per policy? This is your business that you have worked hard to grow and you should benefit from it. If you can make more money what are you waiting for? You know the terminology. Look what you currently do for your premium finance company: create new contracts, additional premiums, return premiums, calls on late notices, cancellations, reinstatements, accepting payments and so forth.
Consider this, if you have many premium finance companies calling on you to get your premium finance business then you are a prime candidate. If you give away as little as $50,000 a year to be financed you should find out more.
ABI’s Power Finance™ plan will allow the revenue to be split more equitably. The alliance of the agent; lender and ABI can offer a competitive package to every agent who finances in the country, regardless of how close they might be to a particular premium finance company.
You can and will make more money with the lender/agent/ABI partnership than you ever have in the past.
One model we worked up;
10 PFA @ $1000 and 5 @ $5000 per month resulted in $15,261.00 revenue. 363% more than the $4,200.00 (1% of amt financed) you may have received from a premium finance company. This example do not increase rates or fees to the policyholder. Power Finance™, a Patent Pending method shows you how to hold onto more income than what you presently receive whether or not you currently finance your own policies. To get a free copy of our calculator, enter here.
Tell other agents what they are missing. Give us feedback.
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As an agent, how can I help?
As an agent, once you see how much income you are giving away. Just pass the Power Finance™ message on to other agents. Since you are the commodity large numbers of agents will set the course for agents to get paid what they deserve. Tell a friend.
Do I have to increase the policyholder interest rate?
No. This is usually refered to as a point spread. Many agents have said they do not want to increase the interest rate so they could profit from the policyholder. Just one more way that Power Finance™ is better than premium finance. Enter here.
I use a bank instead of a premium finance company. Will this work for me?
Yes. Yor are perfect for Power Finance. Tell your bank to visit our web site. Income can be increased by you and the bank. Enter here.
How can Alliance Billing help me as a lender?
Let us suppose that the bank could post
Returns on Investment (ROI) of 45-65% and
Returns on Assets (ROA) of 4-5% based upon
Net Interest Margins in excess of 7½%. Would you be interested?
Well, there is an industry that will allow you to accomplish this, and that industry is the financing of property-casualty insurance premiums.
The premium finance business is a healthy and robust industry and is being given away to others, generating transactions at a rate of about $156 million dollars a day. Enter here.
Agents are the commodity.
How can we get the agents to flock to the bank and keep them loyal to the bank?
The answer is to provide a competitive service that no other premium finance company can offer, a service that makes the agent so much money that the agent’s current finance company cannot match or outperform it. The solution is within ABI’s web site.
Register today and find out the facts developed by 11 years experience in lending to the premium finance industry and 65 years of premium finance industry experience.
As a Lender, how much can I lend?
Each bank makes its own decision regarding how much capital it will allocate to a given lending operation. Historically, we find that 8% is a prudent number for a typical commercial book of insurance premium finance receivables. A commercial premium finance book rated entirely A- or better by Best's rating guide may justify a capital allocation of 7% or even 6%. ABI has a premium finance proforma designed exclusively for banks. To get a copy, enter here.
Example
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How Much Can I Lend? |
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1 |
Enter your bank's total assets: |
$300,000,000 |
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2 |
Enter your bank's liquid capital (equity) |
$15,000,000 |
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3 |
Enter your equity allocation: |
8% |
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4 |
The theoretical maximum amount of premium finance lending is: |
$187,500,000 |
Worksheet
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How Much Can I Lend? |
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1 |
Enter your bank's total assets: |
$ |
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2 |
Enter your bank's liquid capital (equity) |
$ |
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3 |
Enter your equity allocation: |
_% |
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4 |
2 divided by 3 would be the theoretical maximum amount of premium finance lending: |
$ |
Why should I enter?
We are protecting this new Patent Pending method for the insurance premium finance industry that is designed exclusively for licensed insurance agents and lenders. We use the information you supply to verify that you are a licensed agent or lender. All others will not be allowed to access the site. You have much to gain and nothing to lose. Enter here.
What will the information be used for that I provide during ABI WEB SITE login?
ABI uses the information you provide to enhance our services and better meet the needs and preferences of our customers. We may also send information to you about ABI products, services, and system changes that we think may be of interest, i.e. Agent to Lenders and Lenders to Agents.
Will the information I enter be secure?
Absolutely. All information you provide is stored in a secure manner on ABI systems. While it is stored in the database, we will carefully protect the confidentiality of the address information. It will not be used for any purpose other than the original intent (aligning agents with lenders).
What does 'case sensitive' mean?
"Case sensitive" means that the system distinguishes between upper and lower case characters. In ABI WEB SITE, both your User ID and password are case sensitive. Please keep this in mind when registering for and logging into ABI WEB SITE.