Britain Needs to Insure Against a Post-Brexit Slump

PremFina CEO, Bundeep Singh Rangar, spoke to The Telegraph about Britain needing to insure against a post-Brexit slump. Excerpt: “In 1691, the five-year-old Lloyd’s Coffee House moved to Lombard Street in the City of London. In its new premises, it installed a pulpit from which maritime auction prices were proclaimed to the sailors, merchants and…

For Fintech Innovators, The Sky’s The Limit

PremFina CEO, Bundeep Singh Rangar, had the opportunity to speak at the “Innovation in Fintech” panel at the 2017 Rakuten Fintech Conference in Tokyo. Each year, Rakuten invites leaders in the fintech sector from Japan and overseas to share the latest trends and explore the future directions for fintech. “Innovation in fintech is essential to…

Could you increase revenues through premium finance?

An insurtech firm that provides brokers with software that “empowers them” to manage and even fund their premium finance book has raised $36 million (approximately £27 million) of funding, we revealed last week. Insurance Business spoke to PremFina’s founder, Bundeep Singh Rangar, about the company he has dubbed the “Uber of premium finance,” and how it…

UK Insurtech Company PremFina Raises $36m To Make Insurance More Accessible, In An Oversubscribed Round Led By Rakuten Capital And Draper Esprit

UK insurance premium financing and software company PremFina raises $36M in equity and debt The funds will strengthen PremFina’s expansion into new global markets and meet high demand in the UK PremFina is fully regulated by the UK’s Financial Conduct Authority (FCA)   London, UK: PremFina Ltd, a UK-based company that increases access to insurance…

PremFina Snaps Ex BNP Paribas’s Mia Constable (née Bristow)

LONDON, July 3, 2017 – PremFina Ltd, the only insurance premium finance company to offer a proprietary Software as a Service (SaaS) solution to insurance brokers and underwriters in the U.K., has today announced Mia Constable (née Bristow) as its new Head of Sales. Mia is the former head of BNP Paribas personal finance’s insurance…

Innovation in Insurance: The Coming Wave of Disruptive Insurtech

In a report for The Times, PremFina outlines how embracing change, adopting new technological advancements and catering to customers actual needs, are key if insurance providers wants to remain competitive and relevant within the insurance industry. “With the cost of insurance rising, alternatives to the current system are in much demand.” We have selected some of…

PremFina Wins Prestigious 2017 Bully Award

PremFina, a U.K. based insurtech company, honoured as a leading new European TMT company at White Bull Summits BARCELONA and LONDON – 14 June 2017 – PremFina Ltd, a U.K. based insurtech company, was announced as a winner of the 2017 Bully Awards at the White Bull Summits’ seventh annual Pathways event, Europe’s exclusive event…

Insurance Times Expert View: Maximising profit by financing loans

Mark Foley, Managing Director at PremFina, on maximising profit by financing your own loans.  Many insurance brokers generate a significant amount of cash every year. And many among them search for ways to deploy their cash toward profitable activities. The options available for brokers to invest their money are fairly limited. They can either put…

Draper Esprit Event 007 Style

It was not your average day at the office for PremFina’s CEO Bundeep Singh Rangar on the 24th of May when he got invited to one of Draper Esprit’s Events. Draper Esprit is one of the largest and most active VCs in Europe, with a mission to back Europe’s most ambitious entrepreneurs. Turns out, they also…

BIBA 2017 Conference & Exhibition

The BIBA 2017 Conference & Exhibition in Manchester was a resounding success for PremFina. We saw many familiar faces and got the opportunity to meet many new ones too. If you did not get the chance to come by our stand, do not hesitate to get in touch. We look forward to seeing everyone next…

Maximize revenue from existing client base

-It can cost up to 30 times more to win a new client than it does to retain one, meaning brokers should look at their existing client bases to see how they could add value to them  -Premium finance helps the broker’s clients manage their cashflow without encumbering any of the client’s assets or using…