Soundbytes - Olga Smith, head of operations, Bexhill
What is the product?
Bexhill premium funding management system is an internet-based premium finance scheme that allows brokers to own and run their own premium finance company and keep the profits - typically receiving 125% more money than they would get under a scheme from a premium finance provider. Brokers set their own rates and receive the financial benefit of immediate client billing and deferred underwriter payments, which are currently taken by their premium finance provider.
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