Unpredictability in Business 2019.

“Volatility in one area can have repercussions in another, prolonging a period of uncertainty.” Unpredictability affects companies differently, varying by their size, location and sector. Brokers may tailor their solutions based on research within The QBE Unpredictability Index 2019 which finds that periods of instability are becoming longer whilst stability is decreasing. Staying abreast with…

PremFina eyes the Irish market.

As reported in the Irish Independent (see link below), we are expanding into the Irish market after applying for a money lending licence from the Central Bank of Ireland. Having processed over £300m (€356m) worth of insurance premiums since the fourth quarter of 2016, establishing an office in Dublin fuels our continued growth strategy. We…

AI – the 411

AI (Artificial Intelligence) may be the buzz word of 2019, but what does it really mean and how can it positively influence the Insurance Industry? AI is simply intelligence demonstrated by a machine in contrast to natural intelligence displayed by humans AI is setup by training machines to perform human tasks, which requires data i.e…

UK Insurance Industry is booming.

Talk of Brexit negatively affecting the Insurance Industry’s profitability may be diminished as the market size for November 2019 has increased by 3.2% when compared to the same time last year. In research released by Plimsoll TALAT- a trusted independent intelligence agency, the sum of total sales of the UK’s 1485 largest Insurance Brokers stands…

Menopause and the workplace.

Premfina’s CFO, Steve McCann and Marketing Associate, Katie Boland were invited to attend a talk about the Menopause at Aviva’s headquarters in London, featuring Colm Holmes, Global CEO of Aviva and Andrea Woodhouse, Co-Chair of Aviva Generations. The event aimed to shift perceptions, particularly in business settings because of the negative connotations that are often…

Another win for PremFina.

Yet another win for Team PremFina at the Lloyd’s Dive In Impact Awards! Today we celebrate winning the Organisational Impact SME category for steering Diversity and Inclusion throughout both our company DNA and core business model by making insurance more affordable. Launched in London in 2015, Dive In comprises a group of firms in the Lloyd’s Market…

Award Winning FinTech Entrepreneur Lisa Powis joins our Advisory Board.

Today is a huge milestone for us as we announce the addition of award winning FinTech entrepreneur Lisa Powis to our advisory board. Powis commented on her decision to accept our invitation as “PremFina is a forward-thinking and progressive premium finance provider with ambitious plans,” said Powis. “I’m delighted to join the Advisory Board and very much…

PremFina is an InsurTech 100 company.

We are delighted to announce our inclusion in the InsurTech100 for 2019 list, after a rigorous three-month deliberation process. The InsurTech100 lists 100 of the world’s most innovative InsurTech companies as chosen by a panel of industry experts (www.TheInsurTech100.com). Our selection signals a pioneering business model “that every leader in the insurance industry needs to…

Community is the key.

PremFina firmly believe in the synergy that arises when communities come together to share knowledge, needs and opportunities. As such, our CEO, Bundeep Singh Rangar is pictured in attendance at the Senior Insurance Industry Dinner hosted by Alpine Risk Services. Alpine Risk Services hosted a meeting of the mind’s with key leaders in the Insurance…

FinTech is the future.

Research released by Fintech Global reveals that nearly $4bn worth of investment was raised by InsurTech companies globally in the first nine months of 2019, a total of 7% higher than the entire global investment for 2018. Closer to home, funding for FinTech in the UK so far in 2019 has reached nearly £2.7bn and…

A winning attitude.

2019 is the year that keeps on giving here at Premfina as we proudly announce our Director of Client Services, Moira O’Connell won Mentor of The Year at the Insurance Business Women in Insurance Awards 2019. More than 950 nominations were received across five categories, which resulted in nine candidates being selected. (www.insurancebusinessmag.com/uk/news/breaking-news/women-in-insurance-award-winners-celebrate-in-style-180345.aspx). Nevertheless, Moira won…