Premium finance allows the payment of insurance premiums by monthly instalments. Close Premium Finance pioneered the concept in the UK in 1977, and is market leader in the field, lending £2 billion annually to one million clients through approximately 2000 insurance brokers. In addition to our core UK business, we also operate in the Republic of Ireland,and Spain.
Our products bring value both to insurance brokers, who are our principal distribution, and to their clients, who are our end borrowers. Brokers earn a valuable income in return for their role in the process, gain payment certainty, and protection against bad debt. The borrower secures a valuable line of additional credit, on economic terms and with a wide choice of payment options.
Our products are all transacted through our state of the art, award winning 'i-prompt' trading platform, guaranteeing fast processing, integration with brokers' core systems, and value added real-time management information.
Our whole ethos is based around helping insurance brokers to increase their income, reduce their costs, and improve their service to clients.
