Software provider signs three year contract

Close Premium Finance has agreed a three year contract with Open GI.

Tim Wilson, sales and marketing director, Close Premium Finance, said: “Open GI works with a very wide UK broker base and continues to expand its overall footprint. This benefits us both in providing leading solutions to our existing brokers, and in terms of access to new business opportunities. For example, MCE Insurance, an award winning broker and a long standing Open GI customer, have recently contracted with us for a white label solution and Open GI integration.

“Partnering with a software house that has a 40% share of the broker market facilitates a significant part of our revenue stream. It also allows us to provide brokers with an electronic, hassle free way of transacting premium finance with real cost savings.”

David Kelly, business development director at Open GI, added: “The number of brokers using our premium finance software continues to increase, with 20% year on year growth in the volume of premiums going through the Open GI system.

“Close is a well known and respected name in the industry, with over 30 years trading experience. The decision to extend their contract with us is a testament to the continued improvement of the Open GI product set and our investment with brokers and business partners. By continuing to team up with Close, we can add yet more value to brokers using the Open GI system.”