Willis extends multiyear partnership with premium finance provider

Willis has extended its partnership with Premium Credit in a new three-year deal. 

The latest agreement has been secured following the delivery of agreed objectives and targets since the partnership was first formed 23 years ago.

The deal includes enhancements to the pre-existing offering, which will lead to more of Willis’ customers receiving an offer of finance for products or divisions that have not historically offered premium finance.

Tom Webb, head of operations in Great Britain and chief operating officer at Willis, said: “Our partnership with Premium Credit has spanned more than two decades – one built on trust, innovation and collaboration.

”The enhancements we have agreed as part of this contract renewal will allow us to provide an even better service to our customers, offering a market-leading premium finance facility, while saving time for our teams and customers and supporting growth.”

Enhancements

Other enhancements include increasing the underwriting automatic approval limit, implementing a bespoke process to support larger and more complex customers and settling customer funds quicker. 

Owen Thomas, chief sales officer at Premium Credit, said: “Willis are a trusted brand and represent some of the most complex customer needs in the insurance market.

“Renewing our contract with Willis underscores the strength of our partnership and our commitment to their customers. Moving forward, we are dedicated to working together on new initiatives and identifying further areas of growth for mutual benefit.”