Bexhill UK has partnered with insurance software vendor SchemeServe to be its exclusive premium finance supplier.
SchemeServe intermediaries that use the cloud-based provider’s quote and buy system will be able to arrange and administer premium finance agreements alongside policies using the integrated Bexhill facility.
The tie-up will allow brokers to offer their own premium finance facility – a benefit for policyholders who want to spread insurance premiums costs.
Bexhill UK chief executive Ravi Takhar said the partnership will help SchemeServe further evolve its unique administration, distribution, and underwriting solution by integrating the premium finance facility directly within the SchemeServe platform.
“This is the second integration we have undertaken with a leading insurtech provider, following the announcement of our alliance with SSP in March. It demonstrates the strength of the service we offer in terms of generating value-added solutions for brokers operating in an increasingly fast-paced and competitive market,” noted Takhar.
Adam Bishop, SchemeServe CEO, said they strive for seamless integrations that enhance service and make it easier to launch products in record times.
“Our brokers value agility, independence, and speed to market highly, so it was important for us to find a partner that would mirror those values,” he said, describing Bexhill UK’s approach and service as “head and shoulders above anyone else”.
Bexhill UK, part of the Orchard Funding Group, was created in 2000 to provide an innovative finance solution to UK insurance brokers.
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