Close Brothers Premium Finance , the company that ‘ helps makes insurance more affordable ’, is on a digital journey that will deliver cost benefits to the business and enhanced services to insurance providers and their customers

Almost two million people and businesses across the UK and Ireland have a relationship with Close Brothers Premium Finance . The core aim of the company is to help individuals and businesses spread the cost of their insurance by providing a finance solution that enables the customer to pay over a number of monthly instalments . More than half of all people who buy motor insurance , for example , expect to set up a direct debit to pay the cost over ten or twelve months . In some cases the insurer themselves is able to offer monthly repayment terms but more often than not it falls to the broker to either collect the premium in full from the customer or provide some form of financed repayment