Premium Credit has become the ABI’s latest and thirty fifth associate member.
Premium Credit is a leading insurance premium finance company serving the UK and Ireland, with over 2.1 million customers, processing 24 million direct debits, with advances of £3.5 billion. They provide payment and credit services for insurance premiums and work closely with several ABI Members, MGAs, and over 3000 brokers.
ABI Director General Huw Evans said: “We are very pleased to welcome Premium Credit as our latest associate member. Their expertise and experience in premium finance is widely recognised, and the ABI’s Associate Membership provides them with further opportunities to work alongside our members and our key stakeholders. I look forward to collaborating with them.”
Premium Credit’s Chief Executive Tara Waite commented: “We’re delighted to become an ABI Associate Member. We see this as a significant new partnership and look forward to working alongside the insurer community to provide their customers wider payment choices through a compliant, award winning premium finance option.”
Owen Thomas, Premium Credit’s Chief Sales & Marketing Officer added: “We provide commercial and personal customers the opportunity to spread the cost of annual insurance premiums into convenient monthly payments. This is beneficial for the insurer, who receives the yearly premium upfront whilst transferring the credit lending regulatory risk and administrative burden to Premium Credit.”
“Our ABI Associate Membership will ensure we stay close to our insurer partners and remain relevant to both their needs and the needs of the customer.”
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