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Premium Credit announces MGA partnership

Premium Credit announces MGA partnership | Insurance Business

Premium Credit announces MGA partnership

Digital motor-focused managing general agent Hedgehog, whose policies are underwritten by Berkshire Hathaway International Insurance Limited, has partnered with premium finance firm Premium Credit.

Designed to provide a seamless online experience, the tie-up enables the MGA to offer payment options – including premium finance – to buyers of motor insurance within the purchasing process. This means a single transaction and no external site involved.

Policyholders who opt to finance their premium payments can sign credit agreements electronically anytime during the day from either their mobile or desktop devices.

“Our online user experience aims to be second to none for simplicity and convenience,” noted Hedgehog founder and chief executive Pete Storey. “Through early collaboration with our e-commerce team, Premium Credit has arrived at the exact, seamless electronic integration we wanted for our customers.

“This combined with competitive pricing, great customer service, and a willingness to listen to exactly what we wanted, sealed the deal.”

Meanwhile CEO Tom Woolgrove said their continuous investment in technology has facilitated the development of “cutting-edge, digitally-led insurance payment solutions” that Premium Credit believes will assist its partner in realising growth plans.