Reaping the benefits.
Premium finance can offer brokers a number of advantages, including increased cash flow and client loyalty. It all depends on choosing the right provider, however, says Martyn Denney who explains why brokers reap what they sow.
Premium finance providers are making their presence felt in theinsurance industry, providing more credit than ever before and achieving
impressive growth. Even with this growth, however, it is estimated that
third party financiers provide only 16% of the premium income controlled
by general insurance brokers. Clearly, premium finance providers have some
way to go before convincing brokers that they should get involved in this
market.
Loyalty bonus
Using premium finance can offer many benefits for
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