BIBA EXTENDS EXTENDS ENDORESEMENT OF PREMIUM CREDIT FOR FURTHER 3 YEARS
London, May 2012 - The British Insurance Brokers' Association (BIBA) has extended its endorsement of Premium Credit, the No. 1 insurance premium finance company in the UK and Ireland, for a further three years.
As BIBA's chosen Premium Finance Scheme Provider, Premium Credit continues to be the only premium finance company recommended by BIBA to its members, an endorsement that has already existed for over 10 years.
Under the agreement, BIBA members will continue to enjoy the benefits of preferential terms, competitive rates and Premium Credit's innovative online services, which include the pioneering My Premium Credit customer portal.
Both parties will also work on key industry, regulatory and technical issues in the premium finance market, sharing best practice and guidance to protect members’ best interests and maintain industry standards.
Steve Foulsham, BIBA's Head of Technical Services said, "We were delighted to be able to renew our existing agreement with Premium Credit which will ensure that members are able to offer premium finance facilities on the best possible terms for their clients."
Premium Credit's Chief Marketing Officer Simon Moran commented: "We are delighted to extend our long-standing association with BIBA. This agreement further reinforces our commitment to the broker market and highlights the importance placed by BIBA on the ability for their members to offer premium finance to customers."