London, May 8, 2015 – PremFina
(www.premfina.com) was named winner of the Best New Business Award at the 2015
Best Business Awards that took place on March 25, 2015.
PremFina is an
innovative company in the £6 billion UK premium finance market. It supplies
insurance brokers with their own branded premium financing through the
provision of both the software to manage the sale of broker-branded insurance
policies to consumers and businesses as well as the financing to enable their
customers to pay their policy premiums via monthly instalment plans.
Best New
Business Award, aimed at
companies marked by a clear point of differentiation that have been trading for
less than three years, recognizes PremFina for
bringing innovation to the UK’s insurance industry premium finance segment with
its white-label premium finance solution. Brokers currently facilitate rather
than manage the issuance of premium finance agreements, handing over a client
relationship to the insurance company after finding customer the right policy.
They make only small referral fees and operate using inflexible software.
PremFina’s white-labeled premium finance service allows them to offer and
manage financing agreements themselves. It gives them the ability to brand, set
market relevant prices, maintain customer touchpoints to upsell and cross sell
and gives them a bigger interest-based fee - all using the industry’s best
software. It essentially puts brokers in control.
Upon receiving the Award, PremFina’s CEO Bundeep Singh Rangar said:
To be recognized for a disruptive potential at such an early stage in
the game only gives us a reassurance that we’re on the right track. We truly
believe that our “Give Premium, Get Premium” approach is what the insurance
brokers were waiting for and now have the chance to experience first-hand.”
The Best Business Awards are one of the UK's highest profile awards. Its
goal is to highlight and reward excellence across the private and public
sectors. They pride
themselves on having a large panel of over 20 independent expert judges who
select winners according to strict criteria for each category and sector. The
winners all have one thing in common – they are truly excellent at what they do
and PremFina is proud to have been
recognized as being one of them.
About the Best Business Awards
The Best Business Awards are open to private, public and third sector
organisations of all sizes. There are four rounds each year with quarterly deadlines
being the last working day of January, April, July and October and winners for
each round hold their title for twelve months.
About Awards Intelligence
The Best Business Awards are marketed and administered by Awards Intelligence
the World’s leading provider of business awards and personal honours services,
providing news and information and support to progressive individuals and
organisations across the world.
No comments:
Post a Comment