Toronto, ON (Aug. 16, 2017) – FIRST Insurance Funding of Canada (FIRST Canada), the industry leader in insurance payment solutions and Policy Works, the leading vendor of commercial lines software, are pleased to announce they have expanded the capabilities of their integrated payment solutions.
“Based on positive broker feedback, we increased the customization available to brokers for their clients’ payment options from within the Policy Works platform,” said Stuart Bruce, CEO of FIRST Insurance Funding of Canada. “Providing these unique payment options increases close ratios, improves retention and gives brokers a competitive advantage by enhancing the value of their insurance offering, while respecting their current workflow.”
Expanding on the integration that launched in November 2016, Policy Works brokers can now customize their FIRST Canada payment options for their commercial insurance clients, directly from Policy Works. Now, they can also customize quotes with even more data such as select pricing programs, broker fees and contacts. Brokers can enhance their clients’ experience by providing them with customized and automated payment options at point-of-sale, along with their insurance policy. This integration streamlines brokers’ workflows and assists them in closing business faster.
“Our goal is to help our broker customers grow their commercial portfolio,” said Kevin Campbell, CEO of Policy Works. “We’re very excited about the potential of our improved functionality between FIRST Canada and Policy Works.”
About FIRST Insurance Funding of Canada
FIRST Insurance Funding of Canada (FIRST Canada) provides the Canadian Insurance Market with comprehensive payment solutions. Brokers, MGAs, and carriers can partner with FIRST Canada and expand their offering to provide more value, choice, and convenience for all their clients. The combined strength of FIRST Canada’s dedicated team, evolved offering, and innovative platform positions its partners to meet the demanding future of the Canadian Insurance landscape armed with market-leading solutions for success. FIRST Canada is part of Wintrust (Nasdaq: WTFC) a financial services company with more than $25 billion in assets and a part of the largest premium finance companies in North America. For more about the company, please visit firstinsurancefunding.ca.
About Policy Works
Policy Works is the industry’s leading platform for commercial-lines business. Building on its vision for linking brokers and insurers to better serve insureds, the company provides a platform where all stakeholders can come together to leverage each other’s strengths. Policy Works believes in the value of the broker distribution channel and is working to ensure it stays vibrant in a changing marketplace. For more information, please visit www.policyworks.com.