The UK's biggest premium finance house Premium Credit is set to reach the £1 billion of premium advances by December.
It will represent a 35% increase in sales over the year. Last year Premium Credit processed just over £700m of premium advances.
Director of sales and marketing Simon Moran said the growth was split evenly between personal lines and commercial lines business. He added that the exclusive deal Premium Credit struck with Independent Insurance has yet to make its full effect.
"The relationship is still in its infancy," he said.
Premium Credit won a contract in May to act as the insurer's premium finance house, which one rival said would be worth in excess of £200m in premium advances a year.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
