PREMIUM CREDIT LAUNCHES NEW ONLINE PORTAL


Epsom, March 2012 - Premium Credit, the leading insurance premium finance company in the UK and Ireland, with £3.2 billion advances in 2011, has launched a new website which will minimise administration for brokers by enabling Premium Credit's personal premium finance customers to manage their accounts online, 24/7. The website is the first of its kind in the premium finance industry.

The unique "My Premium Credit" web service - www.mypremiumcredit.com - provides many benefits, including the ability to:

- View their account details, including correspondence and credit agreements

- Check and sign new credit agreements

- Instantly settle any missed payments by credit or debit card

- Change bank details

- Update personal details

Following a pilot exercise in 2010 to gauge initial customer usage and feedback, the full launch of My Premium Credit has seen the number of customers setting up an online account increase by 40%, while the number of customers with a My Premium Credit account who have signed their agreement online has risen from 80% to 98%.

Premium Credit's Chief Marketing Officer Simon Moran commented: "We've worked closely with our brokers to develop this pioneering service. Many are actively promoting My Premium Credit, as they recognise it's an important value-added service to offer their customers."

"We're excited to be the leading the way with this service, which reinforces our reputation as the leader in the insurance premium finance market. With more improvements already in development, I am confident that we will continue to further enhance the user experience for our brokers and their customers over the coming months."

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