- The growing trend for life assurance companies to remove a significant burden from their main business of manufacturing and distributing life assurance products, by outsourcing to an organisation specialising in back-office functions.
- The emergence of Dublin as a centre for international life offices distributing products using EU freedom of services directives.
- The opportunity for Ireland's largest life assurance company to capitalise further on its years of experience in launching and servicing many different generations of life assurance, pensions and investment products.
Since its inception, IPSI has provided full administrative support to client companies selling and distributing their products within the following European territories: Austria, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Poland, Spain, Sweden, Switzerland (Liechtenstein) and the UK.
As at 31 July 2010, IPSI currently has over €18.4bn funds under administration, in excess of 765,000 "in-force" policies.
IPSI employs more than 135 people directly, but as an integral subsidiary within a major Irish Financial Institution (Irish Life & Permanent Plc), has access to the approx 5,000 strong group resources and expertise in full support of its business needs.
IPSI's service offerings are scalable. Some of our clients choose to operate extremely successfully in niche markets, with targeted sales and limited volumes, while others require us to deal with very large volumes of policies and transactions.
IPSI, already a leading specialist provider of life assurance Third Party Administrator (TPA) services, will continue to grow its business through investment in people, systems and expertise.
IPSI's strategy to develop new technologies and expertise will lead to even further advances in our product and service offerings.
As IPSI grows, our individual commitment to each client will always be to provide the exceptional quality of bespoke service on which our reputation has been built. IPSI's wide ranging expertise along with the support of our parent, Irish Life & Permanent plc., will ensure that "value added" elements of IPSI's service will be developed for our clients.
IPSI's simple vision is to provide our services in a true partnership with our clients.
