Towergate extends relationship with Premium Credit until 2021

Towergate Insurance is extending its contract with Premium Credit for a further five years.

Premium Credit is Towergate’s exclusive premium finance provider, providing customers with a finance facility that gives them the option to spread the cost of their insurance policies.

Caroline Cooper, Towergate Broker & Placement Director, said Premium Credit’s focus on secure processes and customer care was a key factor in the continuing relationship.

“With our drive to provide market-leading customer service, coupled with increased regulation, working with the right partner is vital,” she added.

“Premium credit understands that, and has invested in its systems and processes to ensure it can deliver the standards we require.”

Simon Moran, Premium Credit Chief Sales and Marketing Officer, added “We are delighted that our long-standing relationship with Towergate continues. Our investment in new IT systems, providing our clients’ customers with an easily accessible, streamlined digital journey is key to us delivering a best in class service.”

With more than 2.5 million customers and processing more than 30 million direct debits, Premium Credit has been recognised as the number 1 Premium Finance Company in the UK and the only premium finance company accredited by BIBA (British Insurance Brokers Association).