Important update
    Changes to future finance agreements

    Due to some business changes, a number of customers won’t be able to take out finance agreements with Close Brothers to cover the cost of their insurance policies in the future. This change will not happen immediately, and we will be working with brokers over the next 6-12 months to organise a smooth transition. This does NOT impact any current finance agreements OR existing insurance policies.

    Find out more

    The Insurance Times Premium Finance Report 2021 is now available

    28 May 2021 Insight Read time 2m
    report

    Share

    Brokers share their perspectives on premium finance in Insurance Times' latest exclusive report.

     

    The Insurance Times Premium Finance Report 2021, in association with Close Brothers Premium Finance, is now available to download.

     

    Since the onset of the coronavirus pandemic, the UK has had to accommodate uncertainty brushing all facet of everyday life, including around financial planning and coping with the economic downturn that has arisen in the wake of the virus.

     

    Adapting to changing circumstances has always been key to broker success and those skills are needed now more than ever to support customers in the challenging time that lies ahead as lockdown tentatively unravels and the 'new normal' is once again established.

     

    Brokers of all sizes are adapting to the hardening market while trying to understand the difficult circumstances many of their customers face economically.

     

    Naturally, customer retention is a high priority and brokers face unprecedented challenges in maintaining strong relationships with their customers.

     

    The current climate has shone a spotlight on the entire insurance industry, but especially on the support measures that could help customers across a range of industries meet the cost of insurance cover.

     

    Premium finance options are becoming more prevalent in order to provide support and flexibility - Insurance Times explores this topic further in its latest report with Close Brothers Premium Finance.

     

    The Insurance Times premium finance survey, which helped inform the report, was open to UK brokers throughout November and December 2020. Around 300 brokers from across the UK took part.

     

    Download the survey:

    https://www.insurancetimes.co.uk/news/the-insurance-times-premium-finance-report-2021-is-now-available/1436704.article

    Leadership Lens – Michael McKinney

    Leadership Lens – Michael McKinney

    Meet Michael McKinney - the go-to person to ensure all tasks and business critical activities are on track at Close Brothers Premium Finance.

    22 July 2024 General 2 minute read

    Leadership Lens – Viktor Kazinec

    Leadership Lens – Viktor Kazinec

    As the Head of Analytics at Close Brothers Premium Finance, Viktor Kazinec plays a pivotal role leading the data science team and shaping the company's data-driven strategies and business insights

    17 June 2024 General 4 minute read

    Cost-of-living crisis pushes up premium finance demand

    Cost-of-living crisis pushes up premium finance demand

    New research has found almost 60% of UK brokers agreed the proportion of commercial lines clients choosing premium finance to pay for their insurance will increase over the next 12 months.

    09 May 2024 General 7 minute read