(Image source: CAFO homepage.)
CAFO, Inc. (Toronto), Truist Insurance Holdings’ (Charlotte, N.C.) Canadian premium finance operation, has selected Input 1’s (Woodland Hills, Calif.) cloud-based Premium Billing System (PBS) to support future growth and technology offerings.
“CAFO and its US-based affiliate, AFCO, have been strong leaders in the North American premium finance industry for over 60 years,” comments Robert Pinkerton, president and CEO, CAFO. “CAFO’s objective is to help brokers deliver tangible value to their insureds by providing affordable insurance financing solutions tailored to their needs. Technology is a critical component of our value offering.”
“The introduction of PBS to CAFO brokers and insureds will strengthen our value proposition by providing our clients increased self-service options, robust data-driven reporting, and greater ease of use,” Pinkerton adds. “The framework of PBS will also permit us to accelerate our integration opportunities, allowing us to reach an even greater segment of the market.
Better Ways to Serve Insureds
Bill Chapman, CAFO chief revenue officer, adds, “Leveraging Input 1’s PBS technology enhances CAFO’s ability to provide our broker clients with better ways to serve their insureds by offering greater flexibility for digital payments and correspondence.”
“At Input 1, we look forward to helping CAFO accelerate their digital transformation with PBS. CAFO has been a highly recognized and highly regarded leader in the Canadian premium finance space for decades. It is an organization we have come to know and respect,” comments Todd Greenbaum, CEO, Input 1. “With the implementation of PBS as CAFO’s technology platform, the company will have the adaptability and scalability for its ever-evolving business for years to come.”