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.
Staysure signs deal with Premium Credit
Premium Credit has been selected by specialist travel insurance broker, Staysure to become its exclusive provider of premium finance, allowing customers to spread the cost of insurance cover in convenient monthly instalments.
The award winning specialist* focusing on single trip and annual insurance, alongside more niche areas, such as golf travel, medical travel and specific age-related insurance for older consumers, views the link up with Premium Credit as a positive development for their new and existing policyholders.
Julian Kearney, CEO of Staysure stated: "We're always looking at the most effective ways to offer customers a premium product which is tailored to their individual circumstances, and that includes adapting to their financial needs. Our aim has always been to increase access to specialist travel insurance providing every traveller with the cover they need and complete peace of mind. Customer service is our utmost priority.
To this end, we were looking for a new premium finance provider that could seamlessly fit into our customer journey at the point of sale. Premium Credit's investment in technology has created a payments system which effortlessly integrates into our own. The fact that we can offer premium finance options consistently, simply and compliantly to our customers was at the top of our selection criteria. Premium Credit listened to what we needed and delivered it."
With 10 million holidaymakers** reported to have travelled without cover or the correct insurance, the effective delivery of premium finance is a powerful option, improving accessibility for travellers and supporting brokers to grow their business.
Tom Woolgrove, Premium Credit's CEO added: "Paying the cost of a holiday and the right travel insurance in a single payment can be challenging for many - premium finance can be a cost-effective way to spread the cost of this purchase.
With over 6 million people covered to date, Staysure is a major player in the travel insurance sector and we are delighted to have been chosen to provide premium finance for their customers."
*Best Travel Insurance Provider British Travel Awards 2018
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