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.
The Plan Group Selects Premium Credit as its new premium finance provider
Premium Credit has been chosen by The Plan Group, the independent commercial insurance brokerage, to become its new premium finance provider servicing its 18,000 customers predominantly from the commercial motor sector.
Both Recourse and Non-Recourse premium finance schemes will be offered over a wide range of specialist insurances including Motor Trade Road Risks; Private & Public Hire; General Commercial and Construction through its Plan Insurance Brokers brand as well as niche related areas including pedal cycle and cycle travel insurance through its Yellow Jersey brand.
With a commitment to providing the best insurance options and payment methods for its customers, The Plan Group preferred a premium finance provider with experience of offering compliant, streamlined customer onboarding supported by innovative technology and best-in-class customer service in order to optimise the sale of its insurance products.
Grant Georgiades, Managing Director of The Plan Group Limited said: “Premium Credit’s professional and client focused approach coupled with their investment in market leading technology platforms made them stand out from alternative providers. These factors alongside flexible payment choices, competitive rates and a dedicated customer service team made them the obvious choice to partner with.”
Georgiades added: “Having completed the first phase of integrating our bespoke system with theirs, we plan to roll out further enhancements shortly which will seamlessly merge workflows ultimately resulting in a full cycle premium payment solution for our customers.”
Simon Moran, Premium Credit’s Chief Sales & Marketing Officer commented: “We are delighted to have been selected by The Plan Group. As the premium finance specialist, we are focussed on the individual needs of our partners, delivering innovative technology, reliable customer service and experienced relationship management to support The Plan Group’s ambitions.”
Premium Credit is the market leader in the UK and Ireland and the only premium finance provider accredited by BIBA.
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