Premium Credit wins Insurance Times Award
Authored by Premium Credit
Premium Credit is proud to announce its success at the Insurance Times Awards 2022 having won the ‘Business Partner of the Year’ category.
The Awards are designed to celebrate excellence and innovation recognising the best and brightest across the breadth of UK general insurance. High achievers from the industry were honoured at the awards ceremony held at the Grosvenor House Hotel, Park Lane, London.
Premium Credit’s purpose to support its community of customers and partners in creating opportunities through convenient payments was at the forefront of this award-winning entry which illustrated innovative, tech led, 100% offered Insurance Premium Finance (IPF) solutions.
The business accommodates all levels and types of IPF business but it was a deal worth over £20m that was the focus of the entry, showcasing Premium Credit’s capacity to deal with scale. Breaking down perceptions of deal size and creating positive outcomes for customers has strengthened relationships with partners leading to record growth in the insurance marketplace with total net advances well in excess of £4bn.
Premium Credit was also named as a finalist in the ‘Excellence in Professional Development’ category endorsing the progress made in providing market leading professional development opportunities for its partners.
This entry highlighted a multi-channel development programme designed to train insurance brokers, helping to improve the compliant, consistent and efficient offering of finance to customers choosing to pay their insurance premiums in instalments.
Tara Waite, Premium Credit’s CEO comments: “We are absolutely delighted to have been recognised at the 2022 Insurance Time Awards. This latest achievement celebrates the business’ delivery of industry leading premium finance solutions for our partners, and I’d like to thank the whole team for their contribution.
We will never take accolades like this for granted, always looking for ways to improve our products and services. Our aim is to be consistently known as the UK and Ireland’s Insurance Premium Finance provider of choice. Winning at the Insurance Times Awards means a great deal to us.”
If you are an insurance broker and would like to find out more about Premium Credit’s award winning IPF offering, please CLICK HERE, leave a message and youTalk-insurance will pass your enquiry on
About Premium Credit
We are the leading provider of premium finance in the UK and Ireland, and the only company endorsed by BIBA.
We are authorised and regulated by the Financial Conduct Authority, and work with over 3,000 producers of all sizes. We serve over 2.1 million customers, process 24 million direct debits and receive advances of £3.5 billion.
For over 30 years, we’ve led the market through thought leadership, innovation and technology and have helped our partners offer finance compliantly to their customers through face-to-face, telephony and online channels.
We continue to invest to ensure we provide a quality service and support that helps you grow your business and commission. From the delivery of a 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, we are committed to growing the premium finance market.
Our 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.