Imperial PFS Introduces Quivit, a Gamechanger for the Insurance coverage Business

KANSAS CITY, Mo., Oct. 1, 2021 /PRNewswire/ — North America’s largest premium finance firm Imperial PFS® (IPFS®) proclaims the launch of their much-anticipated insurtech product Quivit.

Known as a “gamechanger” by its first customers, Quivit is the primary insurance-specific product to merge doc signing, storage and an built-in fee processing system – permitting for each paid-in-full and financed transactions. The result’s a dramatically streamlined workflow, reworking a posh, high-touch course of into an environment friendly, digitally-driven gross sales nearer. Till Quivit, there was no approach for insurance coverage brokers to shortly put together insurance coverage quotes and functions for his or her insureds inside the identical safe digital house.

“We listened to our shoppers, acknowledged a niche, and located a approach to offer an answer,” says Herb Chirico, IPFS’s Chief Advertising Officer and Senior VP. “We labored with brokers to develop a digital product that merges promoting, managing account communication, and gathering funds for insurance policies in a single step, with out the necessity for extra software program from different suppliers. Now, work that after took days takes solely minutes – which implies Quivit will assist expedite gross sales and enhance fee assortment in a single step.”

Person-friendly and intuitive, Quivit makes it simple to ship premium finance quotes, observe progress, perceive the standing, ship alerts, acquire signatures, acquire funds and shut the sale. Quivit additionally integrates seamlessly with current techniques and processes, which implies it would not require changing your present know-how or company administration system (AMS).

“Quivit goes to revolutionize the insurance coverage {industry},” provides Frank Friedman, IPFS’s CEO and President. “Quivit shortens the gross sales cycle, so brokers can shut gross sales far quicker. It is the important thing to unlocking untapped income alternatives.”

Even its identify has particular significance, as Quivit combines the phrases ‘fast,’ ‘pivot’ and ‘IT.’

“Given all of the issues it might do, ‘Quivit’ is the proper identify,” explains Chirico. “It is a breakthrough software program product that empowers the insurance coverage {industry} to shortly pivot and excel within the digital revolution.”

Quivit is on the market now to pick out IPFS Purchasers and can be widely-released later this fall.

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About Imperial PFS:
Imperial PFS makes use of state-of-the-art know-how and legendary Customer support to prepared the ground within the premium finance and funds {industry}. IPFS provides versatile lending with a number of advantages for our company companions and insureds. With greater than 500 Associates at 30 areas throughout america and Canada, we carry the power of a world firm strengthened by native relationships and repair. Go to us on LinkedIn.

About Herb Chirico:
Herb is chargeable for overseeing Advertising as Chief Advertising Officer, in addition to Credit score, Insurance coverage Firm Administration, Product Administration and Mission Administration. Herb joined IPFS in 2001. His prior positions with IPFS have included Department Supervisor in Buffalo, New York, SVP of Operations and Credit score and SVP of Nationwide Gross sales. Earlier than becoming a member of IPFS, he held administration positions at Transamerica Insurance coverage Finance Corp. and HSBC. Herb has a BS from Boston College.

About Frank Friedman:
Frank joined Imperial PFS in 2019 and serves because the CEO and President. His intensive monetary expertise comes from greater than 40 years at Deloitte the place he served as Interim CEO, COO, CFO, and, most not too long ago, International Chief Operations Officer. Frank has a BS diploma in Accounting and Enterprise Administration from the College of Kansas.


Herb Chirico, Chief Marketing Officer and Senior Vice President Imperial PFS

Frank Friedman, CEO and President Imperial PFS

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