Buy now - pay later
Premium finance offers many advantages, but two stand out: higher returns for brokers and better cashflow for clients. Bob Darling explains
The premium finance marketplace has grown rapidly over recent years, with an increasing number of brokers recognising its worth as a valid alternative to using an insurer's scheme. However, many have still not been persuaded to change their way of doing business.
Premium finance offers a kaleidoscope of advantages, but none is as attractive as the prospect of increased profits. Of course, customer satisfaction and streamlined administration all go some way towards encouraging the broker to use
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