Growth for Premia
October 31st, 2010 by Richard Aucock
PREMIA Solutions Ltd marks its first decade of business with a huge multiplication of business.
When it started back in 2000, it was running around 1000 bespoke finance and guarantee solution contracts for dealers. Now, that number has risen to 10,000…
What’s more, that’s 10,000 contracts a month, not a year! Prima has thus gone from 1000 to 120,000 in 10 years, and now employs 18 staff at its Warwick HQ to administrate these.
PSL provides car dealers, groups and car finance providers with bespoke insurance and guarantee products. Half of the top 10 UK dealer groups use it, [particularly as PSL is growing its FSA product range, and also providing compliance training for dealers.
Conrad Gamble, co-founder of PSL, said: ‘Premia has gone from strength to strength in the past 10 years… becoming recognised as one of the leading insurance solutions providers to the motor industry.
‘Many businesses understand that insurance sales represent an important revenue source as well as a significant customer retention tool.
We recognise that our clients not only want insurance products built around their own unique needs, provided by professionals with expertise in their industry, but also methods of distribution that make it as easy as possible for the people who actually sell the products.’
The firm’s main business is in GAP insurance, credit protection insurance, plus appearance protection insurance. Premia also designs and implements ‘white label’ insurance schemes on behalf of dealer groups, finance providers and leasing companies.
‘When Steve and I founded this business we could only have dreamt of the success that we and our customers enjoy in partnership today,’ added Gamble.
‘So far Premia has been one of the industry’s best kept secrets but now is the time to celebrate and raise our profile.’
Tags: finance, gap, insurance, premia solutions, psl
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