Premium Credit is set to roll out a full-cycle electronic trading product for personal lines.

Sales and marketing director Simon Moran said that a pilot of the full-cycle EDI product was coming to a successful conclusion and that it would be widely available in the next few weeks.

He claimed that Premium Credit, which won Premium Finance Provider of the Year at the Insurance Times Awards last Friday, lent more than £2bn for this year of account.

Moran added: "In recognition of our achieving £2bn, we are hosting celebration parties in London, Glasgow, Manchester and Birmingham, , where we expect to entertain and say a personal thanks to over 1,000 brokers.

"The growth in business volumes, both in transactions and by value, is a result not just of premium increases but of significant new business too.

"Our commercial business has seen particularly strong growth, thanks to partnerships with the UK's top broking groups. Despite the steady increase in competition over 2002, all our businesses - commercial, personal and professional indemnity - remain on top of their respective markets."

Moran said that Premium Credit's split of business is 65% commercial and 35% personal lines.