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.