News

Construction sector is biggest borrower for funding premium payments – Premium Credit

By 2025-06-26T14:00:00

Jon Howells, Premium Credit

’Credit plays a major role in funding vital insurance premiums across a wide range of sectors, as demonstrated by the ongoing growth in loans we have seen,’ says commercial officer

Of the business sectors taking advantage of premium finance to fund insurance premium payments, the construction industry is borrowing the most via this channel, with new analysis from Premium Credit revealing that construction firms accounted for 13.8% of all its loans in 2024.

Read more…

Explore more financial stories here, or discover more news here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.