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In-depth - Personal lines: Driving forward

emerging

Brokers had to be flexible during lockdown as drivers looked to save costs on cars they weren’t using, but the industry has responded with innovative solutions, reports Sam Barrett

With the UK in lockdown, and everyone restricted to essential travel only, it’s been a relatively quiet six months on the nation’s roads. But the absence of traffic jams and congestion didn’t necessarily make it a relaxing time for the motor insurance sector, with brokers and insurers having to work hard to support their customers.

Financial pressures, or the simple realisation that they were paying for insurance on a vehicle that was going to spend the next few months going nowhere, meant the

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Boom and PremFina partner up

Premium finance provider PremFina has partnered with Abacai Technologies’ car insurance digital brand Boom, an appointed representative of Top 100 Broker Dayinsure.

Q&A: Close Brothers Premium Finance leaders Wallace and Hayes

Close Brothers Premium Finance commercial director, Colin Wallace, and sales director Elliott Hayes, stress the firm’s ‘pro-broker’ message as they tackle the changes over the past 18 months, shrinking after the partial exit from personal lines and the developments they believe will deliver growth for all parties as the business focuses in on commercial with the run-off almost complete.

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