All together now.
Premium finance providers are starting to give brokers what they want - more flexible terms, training and access to more lucrative personal lines business - in an attempt to secure their loyalty. Simon Threadgold finds out more.
Signing a direct debit is less painful than paying a large bill incash. This is why so many people pay for their motor cover in
instalments.
It also explains the rise and rise of premium finance as a means of
funding personal lines insurances.
"Individuals want an easy life," says Ian Jerrum, chief executive of
Singer & Friedlander Insurance Finance. "They can plan their finances far
better if they pay by monthly instalments, instead of having to save up in
advance for each purchase."
Insurers have
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