Asset Retention Solutions

Life and property/casualty insurers can retain significant assets by establishing ongoing customer relationships with claimants and beneficiaries. Open Solutions assists insurers in this endeavor by enabling them to offer traditional banking services—such as checking accounts and debit/stored value cards—as alternatives to one-time and recurring settlements.

Open Solutions' turnkey Customer Access Account (CAA)* solution is helping more than 70 life and property/casualty insurers with nearly 370,000 accounts to retain $9.9 billion in assets. We leverage our banking platform to provide all the specialized information processing, back-office services, and customer care required to support robust CAA programs.

As both a technology and business partner, Open Solutions brings more than just account processing expertise to its clients. Through industry lobbying groups, a broad consulting network, and interaction with other leading companies, our clients are uniquely positioned to develop growing Retained Asset programs that contribute to profitability through increased investment income, cross-selling opportunities, and a stable customer base.

*Customer Access Account (CAA) was previously named Retained Asset Account (RAA)