Insurance Premium Finance

The insurance premium finance market is specialised. Clearly akin to personal lending, pancredit performs exceptionally well in this market.

Whether commercial or consumer based, insurance premium finance deals are short lived and volumes are high. Typically heavily reliant on a network of brokers for source of business, automation and connectivity are the keys to efficient processing of new business. Here pancredit’s use of web deployment can inject simple to use, rapid data entry screens into the broker network to allow data to be captured once only. Pushing functionality to your partners will reduce costs associated with deal processing and increase data quality, thus raising margins and delivering a better quality of service to your partners.

pancredit has worked with its insurance premium finance customers to extend the functional breadth of the product. Processes key to this market sector, such as the electronic upload of new business and automated MTAs and renewals, are key features with a good deal of flexibility.

The company’s history in partner introduced finance has lead to the product containing unrivalled third party management and controls – from web based, branded access to commissions and subsidies, from complex relationship management and exposure, to efficient plan and scheme structures – allowing you to promote industry leading arrangements to capture and retain valuable sources of business.

The variety of software pancredit is able to promote through your channels enables longer term, revolving facilities and lines to be managed, providing a valuable mechanism for sales aid and customer retention, for providers of multiple products. Thus both in house and independent premium financiers are well served by being able to offer enhanced support for core insurance/contract business sales objectives.

Complemented by an industry experienced consulting capability and delivered through structured programme and account management, pancredit represents a trusted and proven solution for some of the UK’s most dynamic insurance premium finance software providers.