Soundbytes
Premium First's Richard Welsh believes the benefits offered by online premium finance will make it an attractive option for brokers in a competitive market
Are brokers taking premium finance seriously?
Yes, brokers are, particularly in the last few years as customer premiums have increased. Premium finance makes the cost of insurance more affordable. It also helps brokers to retain customers year-on-year because they don't have to re-sign new credit documentation. In addition, third-party premium finance providers usually pay brokers commission, which provides another source of income for their business.
Can IT make premium finance a better bet for
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