Survey - premium finance: What does the future hold for premium finance?

premium finance

Jonathan Swift caught up with Close Brothers Premium Finance sales director Paul Trail and commercial director Steve Wallis to find out how the sector is evolving and to reveal some of the results of a survey of brokers carried out earlier this year

Paul Trail

How has the sector coped with the pandemic?

Paul Trail: “Pretty well from my perspective. If you look at the personal lines market, volumes were down 20% at the peak of lockdown; but that has been balanced out by the commercial volumes which were up by the same amount. From a premium financing view it has been pretty flat, but we have been very busy with forbearance requests and customers concerned about how they were going to make their payments.

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