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 63 life and property/casualty insurers to retain more than $8.5 billion in assets. We leverage our ABA-endorsed 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.

For organizations that want to offer all the benefits of CAAs to their beneficiaries and claimants, but whose volume of claims doesn't warrant establishing a complete Retained Asset program, ask us about our cost-effective alternative program, Insured Benefit Accounts.

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