Premium Credit Limited Extends Financing Options with Applied Systems
Partnership to expand UK premium finance offering through Applied TAM
Brighton, UK – 25 Feb. 2016 – Applied Systems today announced a partnership with Premium Credit Limited to integrate premium finance products into Applied TAM, the most widely used cloud-based brokerage management system in the world. Through this integrated solution, UK brokers enter a client or prospect’s information and finance requirements one time in Applied TAM, eliminating the need to re-key information into multiple systems and automating the data exchange between the brokerage and Premium Credit.
"For more than 25 years, we have been committed to providing our clients with financing options to manage their insurance premium costs over time, instead of paying the whole premium upfront," said Steve Wallis, head of E-Commerce, Premium Credit Limited. "Through our partnership with Applied, we are extending our reach to a broader group of insurance customers and streamlining the finance process for UK brokers, driving business growth and further strengthening our industry relationships."
Applied TAM allows brokerages to automate daily operational processes, client policy information, and insurer connectivity, enabling users to be more productive and focus on the core business of selling insurance and servicing their insured. Through an automated and easy-to-navigate interface, Applied TAM provides deep visibility into day-to-day brokerage operations to reduce time spent on administrative tasks, decrease errors and omissions risk, provide a seamless employee onboarding and training experience, and better respond to client needs. Applied TAM automates the business operations for more independent insurance brokerages than any other brokerage management system.
"Today’s consumer expects flexible and competitive pricing when researching and purchasing insurance, requiring brokerages to provide tailored solutions that best fit the needs of each individual client," said Jeff Purdy, senior vice president of International Operations, Applied Systems. "Through this partnership with Premium Credit Limited, our UK broker partners will be able to offer their customers diverse and flexible finance options and reconcile finance agreements through an automated process, reducing time spent on administrative tasks and improving overall customer service and growth."
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About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognised as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada and the United Kingdom. By automating the insurance lifecycle, Applied enables millions of people around the world to safeguard and protect what matters most.
About Premium Credit Limited
Premium Credit are the leading premium finance provider in the UK and Ireland. We support 2,700 intermediaries in our chosen markets and in 2014 we helped over 2 million customers, processed more than 27 million Direct Debits and achieved advances of £3.8 billion. With over 400 employees, we are committed to making the lives and aspirations of our customers affordable.