Insurance Administrative Solutions, Insurance TPA A Leading Provider of Third Party Insurance Solutions

A Leading Provider of Third Party Solutions

 

IAS by the numbers

Experience

  • Policyholders covered: 240,000
  • Claims processed annually: Over 5 million
  • Claims processing accuracy: 98% or better
  • Annual premiums managed: $390 million
  • Payment and financial accuracy: 99%
  • Average claims processed monthly: 420,000
  • Successfully completed block conversions: 20+


Management Experience

  • Combined experience of management team: 230 years
  • Insurance experience of individual managers: Average of 23 years per manager
  • IT experience of information technology team: Average of 20 years per IT expert
  • Experience level of IAS claims examiners: Average of 12 years
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Company - Why IAS?

Your Back Office Is Our Front Office.  Insurance Administrative Solutions is not a traditional one-dimensional Third Party Administrator / TPA. We provide a variety of insurance outsourcing solutions, from reinsurance reporting to customer service, from account management to block conversion.  We are experts at both inforce block conversions and new market entry, so whether you’re trying to tap into a new market or looking to convert an orphaned line of business, we can help. IAS’s unique qualifications set us apart from other third party administrators. 

Experience. We process more than 5 million claims per year and manage more than 240,000 policyholders. We have successfully completed over 20 block conversions, and our management staff has more than 230 years of combined insurance experience.  

Innovative technology. Our experienced IT department has created advanced, custom-built platforms to streamline the administrative process. Thanks to our unique technological solutions, your business will run more efficiently and more profitably.

Fully customizable solutions. Whatever your Business Processing Outsourcing (BPO) needs, we can make our technologies and resources fit within your business model – not the other way around. No project is too big or too small.

Exclusive administration model. Our administrative contracts are offered on a variable cost basis, allowing our clients to quantify their expenses for the administration of each product and eliminate large capital infrastructure cost. Our staff is organized so that you will work with a dedicated team that fully understands your business.

Data Feeds. IAS provides easy access and extremely clean data feeds to its business partners, including but not limited to, actuarial firms, insurance companies / carriers, reinsurers, marketing and financial companies.

Seamless outsourcing. All policyholders are provided with superior customer service, so they will never know you have outsourced your business processes. Our staff is dedicated to maintaining your company’s branding, and our proprietary software is fully customizable – our administration will look like yours.  Talk to an IAS representative today about what we can do for you.

Ranking. If IAS were an insurance company, we would rank as the 5th largest Medicare Supplement carrier.

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