July 30, 2018. Following a thorough tender process, Premium Credit has been selected by British Gas to provide premium finance to its home insurance customers, enabling them to pay for their insurance premiums using convenient instalments.

From July, British Gas customers buying building and contents cover through their online ‘quote and buy’ journey will gain access to Premium Credit’s market leading digital integration solution. This delivers a seamless customer journey which includes real time decisioning for financing, complete documentation and setup of their credit agreement, entirely at the point of sale. Customers are then able to conveniently manage their accounts via their Premium Credit online account and app.

The real time finance decision and digital signature of the credit agreement at point of sale is a market first for the premium finance industry, meeting the expectations of the regulator while still delivering a smooth customer journey. This means that brokers can be confident that their client has been accepted for credit when placing them on cover.

Simon Moran, Premium Credit’s Chief Sales & Marketing Officer commented: “We are delighted to announce this exciting new partnership with British Gas, a company who shares our ethos by putting the customer at the heart of what we do. Following a rigorous tendering process to offer customers digital self-service in addition to the established contact centre model we met the challenging technical demands required to produce a fully compliant, industry leading customer solution.”

Moran added: “Premium Credit’s ongoing commitment to investing in technology has resulted in a ‘best of breed’, digitally led payment option that we are taking out to many of our partners to ensure customers are given a full range of payment options. British Gas, underpinned by the international brand of Centrica, is an excellent addition to our broad client list, and we’re looking forward to helping them achieve their strategic objectives”.

For more information, please visit:  www.premiumcredit.com

Press contacts: marketing@pcl.co.uk

About Premium Credit Limited
Premium Credit is the No.1 insurance premium finance company in the UK and Ireland. We also provide the finance to pay annual fees such as accountancy and school fees. We support over 3000 intermediaries in our chosen markets and help over 2.2 million customers, processing more than 26 million Direct Debits annually and achieve net advances of £3.4 billion.