Premium Credit ceases involvement with Gefion Insurance
Premium Credit has ceased financing insurance premiums where Gefion Insurance A/S is the underlying insurer.
Gefion Insurance A/S has been under Premium Credit's active review for a number of months and following the various actions imposed by the Danish Regulator; including the restatement of accounts and more recently the recalculation of their Solvency Ratio, Premium Credit has taken the decision to remove Gefion Insurance A/S from our approved insurer options menu. Though still trading, our decision means that you will no longer be able to select Gefion Insurance A/S for renewals or new business from Interactive, Plasma and other software house systems.
Premium Credit is the leading provider of premium finance in the UK and Ireland, and the only company endorsed by the British Insurance Brokers’ Association.
Premium Credit is authorised and regulated by the Financial Conduct Authority, and work with over 3,000 producers of all sizes. They serve over 2.2 million customers, process 26 million direct debits and receive advances of £3.4 billion.
For 30 years, Premium Credit has led the market through thought leadership, innovation and technology and have helped their partners offer finance compliantly to their customer through face-to-face, telephony and online channels.
Premium Credit continue to invest to ensure we provide a quality service and support that helps companies grow their business and commission. From the delivery of seamless customer journey, which includes real time decisioning for financing and 24/7 account servicing, to consultation that improves the offer of finance to customers, Premium Credit are committed to growing the premium finance market.
Their Specialist Lending division also provides finance to pay other annual costs, such as professional fees, membership subscriptions, commercial service charges, golf clubs and school fees.
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