Premium finance software pays dividends

Misys has announced that its brokers financed more than £720,000 worth of premiums in a single day during March using premium finance software.

Overall volumes for March reached a record £8.2m - up 127% on March 2004.

Misys put the growth down to brokers' increased understanding of the benefits of electronic trading, in particular automatic payment reconciliation.

The number of new providers developing the software with Misys in the last 12 months has also made a significant contribution

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