Installment Discount Corp

What Installment Discount Corp does

Installment Discount Corp (IDC), formally Installment Discount Corporation, is a privately held premium financing company headquartered in Goldsboro, North Carolina, that operates under the operational control of Strickland Insurance Brokers. The company enables insurance policyholders in North Carolina and South Carolina to convert annual fire and casualty insurance premiums into monthly installments, addressing cash flow constraints that could otherwise impede policy purchase. IDC serves this function exclusively through a B2B2C channel: licensed insurance agents and producers originate financing agreements on behalf of their clients using IDC's web-based platform, and IDC provides the credit, compliance, and payment infrastructure. Standard financing terms are a 25% down payment, a maximum of 8 monthly payments for total premiums under $1,000, and 9 monthly payments for premiums of $1,000 or greater; the company operates under Federal Reserve Regulation Z (Truth in Lending) as a credit arranger.

The underlying technology is the Finance Master Online Platform, a web portal that exposes agent-side tools (Quick Quote Tool, Full Contract Creation with multiple rate plans and billing types, and a rules engine evaluating policy eligibility by term, cancellation terms, and premium thresholds) and insured-side tools (online payment portal supporting ACH and recurring credit card). A dual cash distribution system governs fund flow: IDC either remits payment directly to the insurance carrier (with copies of documentation) or reimburses the agent, with commission handling and down-payment processing built into both paths. The platform supports electronic contract submission, digital workflow management, and self-service account access; it does not expose a public API, mobile application, or disclosed AI/ML capability.

IDC's revenue model is transaction-based, generating origination fees, minimum service charges, and a spread between financed amounts and premium payments on each agreement. Pricing is quote-based and not publicly disclosed. The firm operates with approximately 7 employees, no disclosed venture funding, no M&A activity, no public-market listing, and no named enterprise customers. Its scope is narrowly regional (NC/SC), and its go-to-market is entirely dependent on insurance agent relationships, with Strickland Insurance Brokers serving as both primary affiliated agent and website operator.

Name

Installment Discount Corp

Legal name

Installment Discount Corporation

Website

https://installmentdiscountcorp.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Installment Discount Corp, a privately held premium financing firm based in Goldsboro, North Carolina, enables insurance policyholders in North Carolina and South Carolina to convert annual fire and casualty insurance premiums into monthly installments via a web-based platform accessed through licensed insurance agents.

Ownership category

akta.pro rank

Product category

Insurance Premium Financing

NAICS

Sales Financing (52222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Third-Party POS Installment Financing Platforms (FSAKAFAB)

Keywords

• Insurance premium financing
• Premium installment loans
• Monthly premium payments
• Insurance agent financing
• Casualty insurance credit

Headquarters

HQ city

Goldsboro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Premium Financing Service: IDC arranges credit to enable policyholders to pay annual insurance premiums in monthly installments. Revenue is generated through service charges, origination fees, and the spread between financed amounts and actual premium payments. The company complies with Federal Reserve Regulation Z (Truth in Lending) as a credit arranger.
2. Origination and Service Fees: Premium service agreements are subject to minimum service charges and origination fees. These fees are applied at account opening and are based on the total premium amount being financed.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Installment Discount Corp provides premium financing services that allow insurance policyholders to pay annual fire and casualty insurance premiums in monthly installments instead of a lump sum. The company arranges credit on behalf of insureds through licensed insurance agents and producers, operating primarily in North Carolina and South Carolina. A web-based platform supports agents in creating quotes, processing finance agreements, and managing accounts, while insureds access online payment portals.

Product overview

Installment Discount Corp operates as a premium financing company offering a single unified service that breaks down annual insurance premiums into manageable monthly payments. The core offering is the Premium Financing Service, supported by the Finance Master Online Platform which provides agents and insureds with tools for quick quotes, full contract creation, and online payment processing. The company operates in North Carolina and South Carolina, financing fire and casualty insurance policies with terms of 12 months or more.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 25% down payment standard reduces financing risk and ensures client commitment
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Strickland Insurance BrokerscoreChannel Partner/ Reseller/ DistributorStrickland Insurance Brokers operates the Installment Discount Corp website and appears to be the primary operating entity behind IDC. They handle phone inquiries (Option #2 for IDC) and hold the copyright for IDC's website content. This is an affiliated entity rather than an independent partner.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Others

• J.C. Taylor Adjusters / Premium Finance Adjacent Players: J.C. Taylor is an example of an ecosystem participant in the insurance financing and claims value chain. While not a direct premium finance competitor, it is thematically adjacent and operates in the same agent-and-carrier ecosystem that IDC serves.

Direct peers

• First Insurance Funding: First Insurance Funding specializes in premium financing for personal and commercial insurance policies, partnering with agents to offer installment payment options. It directly competes with IDC in converting annual premiums into monthly payments via an agent-distributed model.
• IPFS Corporation: IPFS Corporation is one of the largest US insurance premium finance companies, providing installment financing for personal and commercial insurance premiums through agents. It is a direct peer to IDC, serving the same core function (premium financing at point of sale via agent channel) but at national scale.
• AFCO Premium Finance: AFCO Premium Finance (formerly part of Credit Suisse) is a long-standing insurance premium finance provider serving agents and policyholders across multiple states. It is a direct peer in the same point-of-sale premium financing category, with broader geographic reach than IDC.
• Premium Financing Specialists: Premium Financing Specialists offers installment financing for commercial and personal insurance premiums through an agent network. It is a direct peer to IDC in the niche of third-party premium financing with similar agent-led distribution.

Broad incumbents

• Wells Fargo Insurance Premium Finance: Wells Fargo offers insurance premium financing as part of its broader commercial banking and lending portfolio. It is a broad incumbent providing overlapping premium finance capability but as part of a much wider financial services suite rather than as a specialized platform.
• Bank of America Insurance Premium Finance: Bank of America provides insurance premium financing through its commercial and small business lending offerings. It is a broad incumbent with overlapping capability, though premium financing is not its core focus.
• Bread Financial (formerly Alliance Data): Bread Financial operates a broad point-of-sale installment lending and payments platform across multiple consumer verticals. It is an adjacent point-of-sale financing incumbent with overlap in installment mechanics but is not focused on the insurance premium finance niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/installment-discount-corp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Installment Discount Corp