Input 1 Partners with Arlington/Roe to Launch A/R Premium Finance Service
Input 1 Partners with Arlington/Roe to Launch A/R Premium Finance
In a significant development for the insurance industry, Input 1, a renowned provider of technology-driven billing and premium finance services, has announced its partnership with Arlington/Roe Co., Inc. This collaboration aims to support the launch of A/R Premium Finance, a newly formed premium finance company under the Arlington/Roe umbrella.
Background on the Partnership
Founded in 1964, Arlington/Roe is a family-owned managing general agency that operates as a wholesale insurance broker, serving independent insurance producers across various specialty and standard insurance markets. The strategic partnership with Input 1 is poised to bolster A/R Premium Finance’s capabilities by providing essential operational and technological infrastructure as it gets its premium finance operations off the ground.
As A/R Premium Finance embarks on this journey, it has placed a strong emphasis on building a modern technological framework and a scalable operational model that aligns with Arlington/Roe's established approach to disciplined growth. To achieve these objectives, A/R Premium Finance has chosen Input 1’s Premium Finance as a Service (PFaaS) solution, which encompasses critical elements like regulatory compliance and operational functionalities.
Enhancing Operational Efficiency
The leadership team at A/R Premium Finance is comprised of professionals with robust backgrounds in investment and Wall Street. Their expertise is expected to infuse strategic insights and analytical rigor into the company's operations. Input 1 is positioned to further this vision by delivering the necessary technology and service capacities essential for launching and managing the program effectively.
Jim Nowak, Regional VP at Input 1, stated, "Launching a premium finance program requires the right combination of technology, regulatory understanding, and operational scale. A/R Premium Finance approached this initiative with a clear strategy, and our role is to support that vision with the infrastructure and services needed to bring it to market."
The partnership entails Input 1 providing licensing support, the PFaaS, and additional overflow financing capacity via its gotoPremiumFinance platform. These provisions aim to ensure that A/R Premium Finance operates smoothly and efficiently from day one.
A Commitment to Thoughtful Growth
James Roe, the CEO of Arlington/Roe Co., Inc., highlighted the importance of choosing a competent partner for the launch of A/R Premium Finance, stating, "Arlington/Roe has a long history of thoughtful expansion and strong partnerships. As we launched A/R Premium Finance, it was crucial to work with a partner that understands premium finance operations and can support the program from day one. Input 1 brings that experience and capability."
With this collaboration, both Input 1 and Arlington/Roe are set to redefine the landscape of premium financing in the insurance sector, leveraging technology to enhance service delivery and operational efficiency. As A/R Premium Finance gears up to serve its clients, the partnership is expected to pave the way for innovative solutions in premium financing, thereby solidifying the competitive edge of both firms in the insurance market.
Conclusion
As Input 1 and Arlington/Roe stand poised to launch A/R Premium Finance, the focus on technology-enabled solutions and operational excellence sets a promising precedent for future initiatives within the insurance industry. This partnership not only signifies a new chapter for both entities but also heralds a new era of premium finance that prioritizes innovation and customer-centric service.