FIRST Insurance Funding of Canada (FIRST Canada), a provider of comprehensive payment solutions for the insurance industry, has partnered with Evolution Insurance, an MGA and Wholesaler founded in 2008.
As part of this collaboration, FIRST Canada will introduce Evolution Insurance to its First Connect product. This solution allows the insurer to provide commercial brokers with such convenient payment options as pay in full, easy monthly payments and credit cards with competitive rates.
“We are honored to partner with Evolution Insurance, a MGA and Wholesaler of General and specialty insurance recognized as experts in their field. First Connect will enhance Evolution Insurance Brokers’ offering with flexible payment solutions for all their clients,” Eric Bissonnette, vice president of eastern sales for FIRST Insurance Funding of Canada, said in a statement.
The alliance between the two organizations benefits brokers by assisting in:
- Converting business more seamlessly
- Increasing retention
- Reducing management hurdles in receivables
- Optimizing cash flow
- Differentiating value to clients
- Decreasing time on risk
“Evolution Insurance provides unique and tailored insurance solutions to Canadian brokers and FIRST Canada’s First Connect solution complements our product offering, ensuring superior service,” said Louis-Philippe Ferland, vice president of Evolution Insurance.
FIRST Canada enjoys partnerships with an array of insurance entities, including brokers, MGAs and carriers. In addition to payment solutions, select partners have the ability to manage portfolios and receive business loans to catalyze growth.
