The relationship between the British Insurance Brokers’ Association (BIBA) and Premium Credit shows no signs of waning with the two signing a renewed agreement for a further five years.
Premium Credit will continue to be the premium finance facility provider for BIBA’s nearly 2,000 members – a relationship that was originally established back in 2005. The facility means that BIBA members can give their clients the chance to affordably spread their premiums – for brokers it also means they can provide credit to their customers, turning a pre-paid expense into working capital.
“We are delighted to renew our partnership with BIBA, and to provide members access to a market leading premium finance option,” said chief sales officer Owen Thomas. “This is especially important in the current climate, as personal and commercial customers require payment options that mitigate the impact of a single payment on cashflow. Our unrivalled support for our partners includes deep market expertise, the use of leading-edge technology and the CPD accredited training. The whole team are excited to be working with existing and new BIBA members going forward.”
BIBA also emphasised that there are a host of digital solutions available that can be integrated within a broker portal.
“Our members really value this facility,” said BIBA CEO Steve White. “Our two organisations share a lot of values and we, like members, are delighted to be able to continue with the facility.”
