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Large fraternal insurance organization offering life insurance and annuities to its members wanted to expand into Medicare Supplement insurance but did not have the home office expertise to administer it, so IAS was able to offer a turnkey solution for policy issue and administration as well as the payment of claims. IAS delivers a daily feed to the client so that their system maintains a complete list of members and the types of coverage they have in force. |
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National insurer wanted to expand its offerings to Medicare Supplement and had the capability to handle issue and policy administration but not claims. IAS offered the client claims payment and claims customer service options as well as a process to keep the policy data updated between the two systems. |
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Insurance company with no home office was outsourcing the administration of its closed block of life policies to one TPA but wanted to expand its life and health offerings into new markets. IAS offered startup services for the new lines of business and took over administration of the closed blocks as well. |
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Large national life and health insurer decided to close a block of Medicare Supplement business that it was having difficulty managing and servicing and needed a TPA who could quickly convert it out of their system. IAS was able to take over the block in 90 days and through proper management of the rate increase process turned it into a profitable block. |
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Large national multi-line insurer with several blocks of pre-standard and standardized Medicare Supplement business administered separately by various systems and entities wanted to consolidate the administration to achieve cost savings and manage the business more efficiently. With its expertise and focused approach, IAS was able to convert the blocks from the different systems within an aggressive timeframe and received special awards from the insurer for the cost savings it achieved. |
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Regional life and health insurer wanted to outsource its entire home office operation in order to achieve cost savings. IAS worked with the carrier to take over the administration within 3 months with a seamless transition to the policyholders and agents. |
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Large national carrier selected to administer the new Medicare Part D products did not have the ability to generate and pay commissions for this particular and unique product. IAS quickly programmed and put into place the processes necessary to generate and pay weekly commissions to meet the required target date. The carrier also partnered with several other carriers, which required us to act as an intermediary for the commissions to those carriers. Multiple entities were involved sending weekly licensing, certification, and enrollment files to IAS. |
