Premium finance experts launch new insurance focused business

A new consultancy that aims to support all firms offering insurance premium finance has been launched.

Called The Insurance Finance Consultants (Tifco), the business claims to have a team of experts with more than 100 years’ combined experience.

Its immediate focus will be on helping brokers facing regulatory scrutiny and higher rates from lenders, as well as insurers who may be considering outsourcing as an alternative to making existing journeys compliant.

“Tifco will help both navigate their challenges, so they can preserve and grow their premium finance earnings whilst delivering exceptional customer outcomes,” the business said.

The firm will also provide expertise to managing general agents (MGAs), networks, systems houses and lenders.

Founders

Tifco was founded by Roger Brown and Simon Moran.

Brown has held executive leadership roles at Premium Credit, Close Premium Finance and Transamerica – he also founded Premium Payment Plan.

Moran, meanwhile, has 25 years of board and executive committee experience in private equity and international bank ownership.

He is also the chair of DR&P Group, a private equity backed corporate insurance broker with offices across the UK.

They will lead the wider Tifco consultant network, which includes experts in regulation and technology.

“Our purpose is to help our clients develop a sustainable premium finance value creation plan that has all the building blocks necessary to maximise the value from premium finance in the right way,” Brown said.

“Plans will be grounded in practical, actionable recommendations, with a detailed roadmap of tasks clients can choose to implement in-house or with our help.”