Evolution, Inc. since 1979

What is premium finance software used for?

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Core Functions

Loan Origination & Approval: Streamlines quoting, underwriting, and policy management.
Delinquent Payments : Tracks late payment cycle and cancellation process following state regulations if payment is not received in time.
Reinstatements : Request and track reinstatements if payment is received for cancelled loan.
Endorsements : Apply and track positive, negative, additional policy, and no cash endorsements with ability to reverse.
Automated Payment Processing: Handles billing schedules, ACH drafts, and reminders.
Account Servicing: Manages adjustments, cancellations, refunds, and renewals.
Regulatory Compliance: Adheres to state and federal lending regulations.
Reporting & Analytics: Tracks performance and profitability.

Premium Finance Companies: Lend money for paying insurance premiums.
Brokers & Agents: Offer financing solutions to clients and earn income that rivals income from insurance policy commissions.
Carriers & MGAs: Gain visibility into financed policies. Offer finance options or direct bill options directly to policyholders..
Banks: Lend money for paying insurance premiums. Banks have unique benefits in the industry.