Soundbytes - Insurance Age

Richard Welsh, head, Premium First
01 Aug 2003

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Are brokers taking premium finance seriously?

Yes, brokers are, particularly in the last few years as customer premiums have increased. Premium finance makes the cost of insurance more affordable. It also helps brokers to retain customers year-on-year because they don't have to re-sign new credit documentation. In addition, third-party premium finance providers usually pay brokers commission, which provides another source of income for their business.

Can IT make premium finance a better bet

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