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Premiums driven up.

Motor insurance premiums have increased by an average of nearly £200 in the last six years, accordin...

Motor insurance premiums have increased by an average of nearly £200
in the last six years, according to the AA's British insurance premium
index quarter two results. The AA calculates that prem-iums have risen by
nearly £100 in the last year. Since July 1994, the average premium has
gone up by nearly 53%, from £367 to £561. Premiums for comprehen-sive
cover rose by an average of £23.66 in the last quarter, non-comprehensive
premiums went up by an average of £32.58.

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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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