Why Create Your Own
A growing number of brokerages are creating a captive “In-House” Premium Financing company to service their clients. Establishing an in house premium finance company provides the freedom to makebchoices regarding the premium finance needs of each customer as well as creating a platform to offer an enhanced selection of service to current and future clients. The establishment of Premium Financing operation within an appropriate brokerage is an excellent vehicle to enhance profitability and build additional equity with minimal risk.
The Benefits of Premium Financing venture include:
- Enhanced client retention
- Attraction for new clients
- Higher Revenue/Policy
- Improved Operational Efficiencies
- Maximize Commissions
Benefits To The Insured
Client Loyalty is sustained through superior customer service features such as:- Enhanced plan flexibility
- “One stop shopping”
- Flexible delinquency options
- Favourable rate options
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