PremFina, has formed a strategic partnership with Essex/East London based Right Choice Insurance Brokers Ltd. This marks the latest move in disrupting the existing duopoly of premium finance providers.
This means that Right Choice’s motor, home and breakdown insurance customers via their AutoAid, Autonational and Euro Rescue sub-brands can now access PremFina’s premium financing options via their innovative, easy-to-use platform.
PremFina combines future technology and customer-centric finance solutions to provide automated payment plans, real-time quotes, and an intuitive interface that supports end-users in managing their insurance premiums, and their wider finances.
Darren Joseph, Managing Director at Right Choice Insurance Brokers Ltd, said: “We chose PremFina as our premium finance provider as part of our own commitment to providing tailored solutions and really outstanding customer service.
“PremFina’s innovative use of technology simplifies the premium financing process for customers, and make it easy to understand, choose, and continue to manage payments. With more of our customers looking for greater choice in paying for their premiums, PremFina is the perfect fit. We believe our partnership not only adds value to our clients but strengthens our overall position in the market.”
Paul Trail, Chief Revenue Officer at PremFina, added: “We’re delighted to be working with Right Choice, and to be able to offer new financing solutions to thousands of customers. The cost-of-living crisis is having a huge impact on how people want to pay for their insurance, and we’re leading the way in creating flexible and fair premium financing options that are delivered simply and seamlessly.”
About PremFina
PremFina is a London-based FinTech which is revolutionising the way people pay for insurance. It supplies insurance brokers and companies with a differentiated proposition which offers essential financing facilities as well as a white label cloud-based Software-as-a-Service (SaaS). Their diverse team together exists to help customers, empower their partners and transform the insurance industry for the better by creating a world where insurance is more accessible and affordable for everyone. www.premfina.com
About Right Choice Insurance Brokers Ltd
Right Choice Insurance Brokers Ltd (RCIB) are a Essex/East London based broker of a wide range of Insurance products including Motor, Home and more recently, Breakdown Insurance via our AutoAid, Autonational and Euro Rescue sub-brands.