As the FCA sends out its invoices to regulated firms requesting payment of annual fees, Premium Credit is offering these businesses a finance facility to spread the cost over convenient monthly repayments rather than having to pay in one lump sum.

Many consumers who borrow money to pay for insurance policies are taking on extra jobs and selling their cars as they struggle to afford cover, new research1 from the UK’s leading premium finance company, Premium Credit, shows.

The construction and manufacturing sectors are the most likely to rely on credit to help pay for insurance, new analysis from the UK’s leading premium finance company, Premium Credit, shows.

Many SMEs and corporates are borrowing more to fund business insurance with owners most likely to rely on credit cards, new research1 from the UK’s leading premium finance company, Premium Credit, shows.

The Premium Credit Insurance Index is a unique ‘market barometer’ for the insurance sector. The Index outlines the changing buying trends for both domestic and commercial insurance and the use of credit to buy cover.

Insurance customers are increasing the amount they borrow so they can continue to afford cover as the COVID-19 crisis squeezes household finances, new research1 from the UK’s leading premium finance company, Premium Credit, shows. Premium Credit’s research found that over the past year, 16% of people have borrowed more to help pay for their insurance cover, compared to 6% who have taken on less credit or the same amount. Of those people using credit, on average they have borrowed £598 extra over the previous year to pay for their insurance needs, Premium Credit’s Insurance Index study found.