Survey - premium finance: What does the future hold for premium finance?
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▶ 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.
Steve Wallis: “I agree that in
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