Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has acquired Insurance Administrative Solutions (“IAS”). IAS is one of the most prominent third-party administrators for insurance carriers. With over 300 employees, they are responsible for servicing more than $500 million in premium annually and administering over four million insurance claims for American families a year. Together, Integrity and IAS now offer a true turnkey product solution for carriers, from product design and development to national distribution, to marketing and advertising, to policy administration and back office services and claim payment processing. As part of the deal, Doug Price, President and CEO of IAS, will be an owner in Integrity. Financial terms of the transaction were not disclosed.
This transformational partnership benefits carriers, agents, agencies and policyholders by reshaping the way a carrier can create, distribute and service a product while reducing overall costs. Insurance Administrative Solutions excels at business process outsourcing on behalf of insurance carriers, including underwriting, policy fulfillment, policy servicing and claims processing. Carriers also look to IAS to handle eligibility, claim status calls, data collection and agent commission payments. IAS will utilize Integrity’s best-in-class platform for new product development, IT, marketing, advertising, sales distribution and innovative technology solutions. Additionally, agents that work with Integrity platform partners will benefit from the IAS partnership by gaining world-class back office services.