premium finance
People Moves: 28 November - 2 December 2022
Stay updated with the latest personnel moves in insurance.
Market Moves - November 2022
The latest recruitment news from around the industry.
Blog: Lending through the cycle helps brokers to support their clients
Given the economic uncertainty, customers’ ability to preserve cash is likely to drive demand for insurance financing option argues Elliott Hayes, director of sales, commercial lines, Close Brother Premium Finance.
FCA threat of premium finance crackdown rises amid ‘fairness’ concerns
The Financial Conduct Authority has a list of concerns about premium finance, with two of its most powerful figures in general insurance expressing their unease over issues with the product.
GI firms need to step back and consider what to do differently under Consumer Duty, says FCA
The insurance sector is well placed ahead of the implementation of new Consumer Duty rules but “there will be changes needed”, according to Daniel Hurl, head of market analysis and policy, insurance, at the Financial Conduct Authority.
Trail: Premfina remains ‘very, very, ambitious’ despite £9.8m loss
Premfina Limited posted a £9.8m loss in its reserves last year, but has pledged to continue spending in its bid to become a major force in the insurance premium finance sector.
FCA warns insurers to support customers’ wellbeing during cost of living crisis
The Financial Conduct Authority has expressed concerns, in a new 'Dear CEO' letter, that customers may cut-back on the insurance they need as pressure mounts on household budgets.
Blog: Partnership builds the resilience brokers need to navigate a challenging world
A recent Close Brothers Premium Finance survey highlighted a host of new issues brokers are facing that did not exist two years ago. To improve resilience in the face of these challenges Seán Kemple, managing director of premium finance, argues…
Close Brothers reports premium finance drop
Close Brothers has posted a 4% fall in its premium finance book to £1bn in the year to 31 July 2022.
Survey: How can brokers grow business in challenging times?
A recent broker barometer survey conducted by Insurance Age, in association with Close Brothers Premium Finance, explored current sentiment around business growth for insurance brokers in today’s environment, exploring current challenges and the expected…
FCA letter sets out scale of watchdog’s fair value assessment frustrations
The Financial Conduct Authority has revealed one-in-three insurance manufacturers are leaving fair value assessments to the last minute causing a risk of harm to consumers.
Somerset Bridge moves to Premium Credit
Broker Somerset Bridge has selected Premium Credit as its new, insurance premium finance provider in a multi-year deal.
Investec enters premium finance space
Investec Premium Finance focuses on providing funding for commercial insurance policies and accommodating personal lines, all offered via regulated insurance brokers.