Life and Health Third Party Administration / TPA Services
Insurance Administrative Solutions currently services a wide variety of non-variable life products, including Universal Life, Traditional Whole Life, Term Life, and Annuities. In addition, IAS provides administrative services for a variety of health products from Long Term Care, mini-med, limited medical, and supplemental benefits. Also, critical Illness insurance, dread disease insurance and cancer with a lump sum cash payment if a policyholder is diagnosed with a critical illness or cancer.
IAS works with companies to develop specific insurance policy benefits to ensure full compliance and seamless administration. We can provide you with a complete set of insurance back-office support for all of your life and health policy administration. We perform all of the major administrative functions of an insurance company. If you are looking to position yourself for growth and refocus your business exclusively on the marketing and sale of insurance, let IAS take over the rest. Some of the services we provide include:
Application processing: Our application process is very flexible and intuitive. We can accept applications online, by mail, by phone, and through point-of-sale.
Policy issue: We will issue or decline policies based on the specific set of standards established by your company.
Customer service: Our trained staff can answer policyholder questions about everything from benefits to claims, and they will do so with full knowledge of the company’s culture and mission. The policyholder will receive seamless, top-notch customer service, as if they are speaking to a trained member of your own staff.
Accounting: We maintain a dedicated financial team that is responsible for all the information for insurance and reinsurance accounting reporting purposes, as well as a treasury department. Our commission accounting staff is responsible for paying all agent commissions and responding to all of your needs in that area.
Information technology: Our in-house IT staff is constantly customizing our systems to meet new and evolving client needs. Our programs were developed by insurance professionals with many years of experience in the industry, and we continue to improve them based on the latest technology and market trends.
Compliance: Our compliance team will create your policy forms, file your forms for approval, prepare and submit annual reporting, certifications, and rate increases. Our compliance team monitors state and federal laws to produce a weekly report about laws that will affect you. In 2010 alone, we processed more than 3,000 filings.
Fully customizable administrative solutions: We can provide you with any level of insurance business solutions that your company needs. We pride ourselves on being as flexible as possible to meet our clients’ needs. Because of our size and expertise, you will gain economies of scale and have all the benefits of a large company platform.
We want to be your insurance TPA. Contact us now for more information about what we can do for you.