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In with the new.

The introduction of new technologies may mean the premium finance sector will become more appealing to previously unconvinced brokers. David Fanning explains.

The premium finance market is expanding extremely quickly, and most
providers are reporting substantial growth year-on-year. The major players
are extremely bullish about the market and its future prospects. "The
premium finance market continues to develop and grow, as premium levels
rise and more brokers join in," says Premium Credit's sales and marketing
director Simon Moran. "This growth will be maintained across all
channels."


Bob Golden, chief executive of Close Bros' subsidiary Prompt, agrees

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Yutree outlines plans after MBO

Laura Hancock, managing director of Yutree Insurance has outlined plans for the future following a management buyout, including opening an office in Norwich.

Should you sell your broking business to an Employee Ownership Trust?

Tax-efficient exit strategies and staff incentivisation have become hot topics among broker leaders since the recent increases in Capital Gains Tax and Employer National Insurance. In the second part of a series focused on the fallout from the 2024 Labour Budget, Catherine Heyes examines how broker owners can use Employee Ownership Trusts to respond to these developments.

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