Consumers are increasingly using credit to pay for insurance cover and switching to monthly payments for car and home insurance to manage their bills, new research1 from the UK’s leading premium finance company, Premium Credit, shows.

New research from the UK’s leading insurance premium finance company, Premium Credit, shows SMEs are planning pay and recruitment freezes in response to government tax rises including higher employer National Insurance contributions.

Speaking at the end of the Scottish Council of Independent Schools (SCIS) annual conference held at the Scottish Gas Murrayfield Stadium, Stewart Ward, UK Director – Education, Specialist Finance & Head of School Fee Plan said:

At the forthcoming BIBA Conference, Premium Credit will showcase the latest advancements in insurance premium finance. The 2025 conference theme, ‘A New Era,’ will serve as the ideal platform to highlight our newly updated and innovative products designed to enhance business development opportunities for our partners. Delegates are encouraged to visit us at stand (F20) so updates can be provided face-to-face.

On an evening honouring top brands in the business finance and commercial finance sectors, the Specialist Finance tax team at Premium Credit has been named winner of the Best Service from an Alternative Funding Provider category at the 2025 Business Moneyfacts Awards.

As part of Premium Credit’s drive to strengthen its proposition with a series of strategic new hires, Hayley Thomas has joined the business as Head of Business Operations. Hayley will be a member of the Senior leadership team reporting directly to Josie Pileio, Chief Operations & People Officer.