What Premium Assignment Corp does

Premium Assignment Corp, operating as IPFS (also known as Imperial PFS), is a privately held North American insurance premium finance company founded in 1977 and headquartered in Kansas City. The company finances insurance premiums on behalf of policyholders, enabling installment-based payment of insurance costs rather than lump-sum payment, and earns revenue through interest and fees on financed premiums. IPFS reports $17 billion in cumulative premiums financed and 850,000 loans processed across the United States, Puerto Rico, and Canada, serving thousands of insurance agency relationships through regional offices and dedicated support teams. The primary customer segments are insurance agents and brokers, with secondary segments of insurance carriers (via the IPFSDirect offering), wholesalers, and end insureds (policyholders).

The company's core technology is the 'One Platform,' a cloud-based system that integrates premium financing, payment processing, commission automation, retention and cancellation-avoidance tooling, eForms, eSignature, and a client account dashboard. It is distributed via a self-serve web portal (app.ipfs.com) and the IPFS Connect mobile application on iOS and Android. The platform is extended into agent and carrier workflows through pre-built integrations with agency management systems (AMS), CRM platforms, and insurance carrier platforms. IPFS Payments handles electronic payment processing, and IPFSDirect is a separately positioned solution aimed at insurance carriers to improve distribution.

The business model is transaction-fee-based: revenue is generated on financed insurance premiums, with terms, rates, and fees customized to each policy's amount, term, and the insured's credit profile. Pricing is quote-based and not publicly disclosed. The go-to-market is sales-led, combining regional field sales and dedicated account management with self-serve digital channels for policyholders. The company is privately held with no disclosed funding rounds, institutional investors, or parent company ownership.

Name

Premium Assignment Corp

Legal name

IPFS Corporation

Website

https://premiumassignment.com

Company type

Private

Founded year

1977

Operating status

Operating

Short description

Premium Assignment Corp (IPFS / Imperial PFS) is North America's largest insurance premium finance company, financing insurance premiums for policyholders and serving thousands of agents, brokers, carriers, and wholesalers across the US, Puerto Rico, and Canada since 1977.

Ownership category

akta.pro rank

Product category

Insurance Premium Financing

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Billing, Payments & Premium Finance Platforms (FSAGAGAI)

akta.pro secondary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Insurance premium financing
• Premium payment processing
• Insurance agent solutions
• Carrier distribution technology
• Commission automation software

Headquarters

HQ city

Tallahassee

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Premium Financing: IPFS provides premium financing services to insurance policyholders, enabling them to pay insurance premiums in installments rather than lump sums. Revenue is generated through interest and fees on financed insurance premiums. The company has financed $17 billion in premiums and processed 850,000 loans as of 2025.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Premium Assignment Corp (IPFS / Imperial PFS) provides insurance premium financing and electronic payment processing to insurance agents, brokers, carriers, and wholesalers, allowing policyholders to pay insurance premiums in installments rather than as a lump sum. The company operates a unified platform that combines premium financing, commission automation, retention tools, eForms, eSignature, and account management, supported by the IPFS Connect mobile app and integrations with agency management, CRM, and carrier systems. Revenue is generated through interest and fees on financed premiums, with $17 billion financed and 850,000 loans processed as of 2025.

Product overview

IPFS (Insurance Premium Financing & Payment Technology) operates as a unified platform-plus-modules architecture. The core offering consists of the One Platform, which integrates Premium Financing, IPFS Payments, and IPFSDirect modules. Premium Financing enables policyholders to finance insurance premiums, while IPFS Payments handles electronic payment processing. IPFSDirect serves carriers directly, and the IPFS Connect mobile app provides client account access on-the-go. The platform also includes tools for commission automation, retention management, eForms, and eSignature capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• IPFS Connect: Mobile application for policyholders and agents to manage premium financing accounts and make payments.
• IPFSDirect
• IPFS Payments

Products and services

• One Platform Unified platform that integrates premium financing, payment processing, commission automation, retention and cancellation avoidance tools, eForms, eSignature, and client account management into a single system for insurance agents and brokers.
• Premium Financing Insurance premium financing service that enables policyholders to pay insurance premiums in installments rather than lump sums, with interest and fees charged on financed amounts.
• IPFS Payments Electronic payment processing solution for insurance premiums offering flexible payment options and automated features for agencies and policyholders.
• IPFSDirect Direct platform solution for insurance carriers to improve distribution channels and strengthen customer relationships through embedded premium financing.
• IPFS Connect Mobile Application Mobile application for iOS and Android that provides 24/7 client account access, enabling policyholders to manage accounts, make payments, and access services on mobile devices.

Quantifiable outcome

• 97% Customer Satisfaction Rating
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• AMS PlatformscoreTechnology or IntegrationPre-built integrations with Agency Management System platforms to streamline workflows for insurance agents and reduce manual data entry.
• CRM PlatformscoreTechnology or IntegrationIntegrations with Customer Relationship Management systems enabling insurance agencies to manage client relationships while accessing premium financing services.
• Carrier PlatformscoreTechnology or IntegrationDirect integrations with insurance carrier platforms to facilitate premium financing and payment processing across the insurance ecosystem.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Applied Systems: Applied Systems is the dominant agency management system (AMS) provider for independent insurance agencies. Comparable to IPFS as a core technology vendor in the same agent workflow that IPFS integrates into and competes with for technology budgets.
• Vertafore: Vertafore provides AMS, CRM, and carrier-integration software for insurance agencies. Comparable to IPFS as adjacent infrastructure in the same agent technology stack that IPFS connects to via its pre-built integrations.

Emerging players

• InsurPay: InsurPay offers electronic payments and premium financing tools to insurance agencies. Comparable to IPFS as a payments-and-financing platform serving the same agent/customer base, though at a smaller scale.
• Canopy (insurance payments platform): Canopy provides embedded insurance payments, premium financing, and agent SaaS tooling. Comparable to IPFS as a fintech platform targeting the same insurance agent workflow but with a more digital-native, embedded approach.

Direct peers

• First Insurance Funding: First Insurance Funding, owned by CIBC, specializes in premium financing for commercial P&C insurance. Directly comparable to IPFS as a national premium finance lender serving insurance agencies and brokers across North America.
• ICPE (Insurance Credit Premium Exchange): ICPE is a premium finance company providing installment financing for insurance premiums. It is a smaller direct competitor to IPFS operating in similar agency channels with comparable loan products.
• AFCO Premium Finance: AFCO is one of the largest independent premium finance companies in the US, offering installment financing for commercial and personal insurance premiums. Directly comparable to IPFS in product (premium loans), customer base (agents, brokers, insureds), and revenue model (interest and fees).
• Bankers Insurance Group Premium Finance: Bankers Insurance Group operates a premium finance division offering installment payment plans for insurance premiums through independent agencies. Comparable to IPFS as a regional direct competitor with similar agency-channel distribution.

Regional players

• Premium Credit (UK): Premium Credit is the UK's largest premium finance provider. Comparable in product and business model to IPFS, but serves a UK and Ireland market rather than competing directly in North America.

Broad incumbents

• Liberty Mutual Premium Finance (Captive): Liberty Mutual operates a captive premium finance program for its policyholders. Comparable to IPFS in product offering (premium installment financing) but as part of a much larger P&C insurance carrier rather than as an independent lender.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xtwitter.com/imperialpfs
• Facebookfacebook.com/pages/Imperial-PFS/110344402342732
• LinkedInlinkedin.com/company/premium-assignment-corporation

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Premium Assignment Corp