Insurance software provider EZLynx has announced a partnership with FIRST Insurance Funding, the largest premium finance company in North America, to provide a streamlined premium financing service within EZLynx Management System.
“We’re excited to partner with EZLynx to offer agencies a seamless, secure and simple premium finance solution,” said Justin Berry, regional president at FIRST Insurance Funding. “The combination of efficient technology utilization for agents and cash flow options for insureds is key in our ever-changing environment.”
“Covering the costs of large up-front insurance premiums can be a challenge – one that impacts both agent and insureds,” EZLynx said. “This announcement represents a key competitive advantage for EZLynx customers in the growing insurance marketplace. Because this solution is available directly within the agency management system, agents can provide immediate premium financing options to their customers. Premium financing creates flexibility and improves cash flow for insureds, which can often be the determining factor to winning the business.”
The integration, available through EZLynx Submission Center, will:
- Retrieve a financing quote in real time
- Write the financing option into the agent’s proposal
- Create a premium financing agreement ready for signature
“Agents love that premium financing is now integrated within their management system,” said Michael Rabinowitz, product manager at EZLynx. “They experience premium financing options for their clients as a natural part of the submission process, without ever having to exit or switch between software.”