We have successfully assisted banks in the implementation and management of premium finance programs. Premium financing can provide your private banking clients a unique investment opportunity and provide your bank with three new revenue sources:
- More assets under management (to close the collateral gap)
- Insurance commissions revenue
- Revenue on interest charged
Aurora Capital provides a turn-key platform for banks to implement premium financing. In today’s marketplace, main insurance carriers require advisors to use an approved third party administrator. As a carrier approved third-party administrator in the premium finance space, Aurora Capital provides banks the following:
- Liaising between bank and insurance carrier (low point request, policy management)
- CFA level analysis of index allocations
- Education for private bankers and full sales support
- Assisting in structuring the credit facility
- Full service case design and stress testing
- Annual reviews, recommendations and credit and insurance policy monitoring
- Full supporting legal documentation
To learn more about our services, please contact us.