Premium Credit Insurance
Ermyn House Ermyn Way Leatherhead, Surrey KT22 8UX
  • About Premium Credit

    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.

Premium Credit appoints Andy Smith as Chief Risk Officer


Andy Smith has been appointed as Chief Risk Officer at Premium Credit as part of a structure review of the company’s legal, risk and compliance functions. He will report directly to Chief Executive Tom Woolgrove and be a member of the Executive team.

Andy previously spent 20 years working at KPMG. During this time he qualified as a chartered accountant and fulfilled roles in audit advisory, taxation, corporate recovery and special technical & regulatory services departments. In the latter part of his time at KPMG, he was Risk Management Partner for the firm’s UK Financial Advisory Practice. 

Andy also worked as part of the FCA’s Smaller Businesses Practitioner Panel for six years, advising on key regulatory matters impacting smaller businesses. Since then, he has fulfilled a number of risk roles in organisations including Bank of Cyprus, The Co-operative Bank and Toronto Dominion. Andy will have responsibility for the legal, compliance and risk functions at Premium Credit.

Tom Woolgrove, Premium Credit’s Chief Executive commented: “We are delighted to welcome Andy to our Executive Team in this new role. His risk management expertise gained in senior risk roles and advising companies, as well as with the regulator, provides an invaluable skill set to support Premium Credit and our broker partners as we look to realise our ambitions for considered, business growth.”