A Message from CEO Frank Friedman

Apr 27, 2021

We sent a message from Frank Friedman, our CEO, to all of our Customers this afternoon. Here is what he had to say:

Creating Customer advantages is important to Imperial PFS. That's why I wanted to update you on some helpful tools we offer.

Avoiding cancellations plays a big role in retaining your clients and saving you time. Read on to learn how IPFS can help give you a competitive edge.

IPFS technology is proven to help prevent cancelled accounts

Our data shows that when you and your insureds register for IPFS cancellation warnings, their accounts are much less likely to be cancelled. Here's the breakdown:

Agents who registered for our cancellation warnings in 2020 reduced the likelihood of cancellation by 9.25%
Insureds who enrolled in cancellation warnings in 2020 reduced the likelihood of cancellation by 44%
That means you spend less time reinstating policies and more time selling insurance. A win-win!

Three ways to prevent cancelled accounts – here's how at IPFS

Both agents and insureds ("account holders") can register for cancellation warnings at ipfs.com. You can help your insureds to avoid cancellations by encouraging them to visit ipfs.com and do the following

Register with ipfs.com - Cancelled accounts are nearly 5X less likely for website registrants. Account holders can visit ipfs.com and register by providing the email associated with the account.
''Opt in'' for eForms - Cancelled accounts are nearly 2X less likely for eForms users. Once registered for ipfs.com, log in, select "Settings", then "eForm Preferences." You can then opt in and customize eForms delivery preferences.
Enable Cancellation Alerts - Cancelled accounts are nearly 2X less likely for alert recipients. Account holders can log into ipfs.com and select "Account Details", then "Edit Insured Info." Then, add a cell phone number to opt in.

Your success is our success

At IPFS, we're always striving to be the best premium finance partner for our Customers' businesses. If there is anything we can help you with, including all the ways to prevent cancelled accounts, please don't hesitate to reach out to us or your IPFS account manager.

Here's to a productive and profitable spring,

Frank Friedman
CEO and President,
Imperial PFS

P.S. Don't forget to check out our latest video to learn more about how we're building increasing advantages for our Customers.

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.

Learn More

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.