PremFina Announces New Multiyear Partnership with One Answer Insurance

PremFina, the UK’s fastest-growing premium finance provider, today announces a new multiyear strategic partnership with personal lines broker, One Answer Insurance, to provide flexible financing solutions to its customers.

The partnership comes in the wake of Close Brothers Premium Finance’s exit from the personal lines market, with PremFina stepping in to provide tech-enabled financing, backed by its recently announced £350m facility.

Established in 2000, One Answer Insurance has built a robust reputation as a trusted niche personal lines broker, specialising in motor insurance, including more complex or non-standard cover. The partnership with PremFina will enhance One Answer Insurance’s ability to offer customers bespoke solutions at competitive prices.

Laura Sweetman, Chief Product & Revenue Officer at PremFina, comments: “Our new partnership with One Answer Insurance reflects our commitment to delivering flexible customer-focused solutions across both personal and commercial lines. With our enhanced technology, backed by market expertise and financial firepower, PremFina is uniquely positioned to address the evolving needs of the personal lines market and continues to deliver to both our broker partners and their customers.”

Trevor Cutts, Managing Director at One Answer Insurance, comments: “Partnering with PremFina, whose customer-centric approach strongly aligns with our values, feels like a natural step for our business. This will further strengthen our ability to provide tailored insurance solutions, ensuring our clients benefit from greater flexibility in financing their policies.”

Image: PremFina

Robert Welbourn Robert Welbourn is a contributing reporter for Claims Media. His background is in banking and finance; he has worked for a number of high street banks and trading platforms. He's also a published author and freelance writer and editor.