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Premium Credit seals another partnership

Premium Credit seals another partnership | Insurance Business

Premium Credit seals another partnership

Just last week it was revealed that insurtech Homelyfe has partnered with Premium Credit… now another firm has picked the premium finance supplier.

This time it’s British Gas providing its home insurance customers with the Premium Credit option.   

“We are delighted to announce this exciting new partnership with British Gas, a company who shares our ethos by putting the customer at the heart of what we do,” said Premium Credit chief sales & marketing officer Simon Moran. “Following a rigorous tendering process to offer customers digital self-service in addition to the established contact centre model, we met the challenging technical demands required to produce a fully compliant, industry-leading customer solution.”

Starting this month, British Gas customers purchasing building and contents cover through the online ‘quote and buy’ journey will enjoy real-time decisions for financing, as well as complete documentation and setup of the credit agreement without having to undergo a separate process.

“Premium Credit’s ongoing commitment to investing in technology has resulted in a ‘best of breed’, digitally-led payment option that we are taking out to many of our partners to ensure customers are given a full range of payment options,” added Moran, who described British Gas as “an excellent addition” to the premium finance provider’s clientele.

Policyholders who opt to pay for their insurance premiums through instalments will be able to manage their payments using the Premium Credit online account and app.


Related stories:
Homelyfe taps Premium Credit in payment deal
SSP enhances capabilities via new partnership