Member Article

London entrepreneur launches ‘the Uber of premium finance’

Bundeep Singh Rangar has launched PremFina, a new player bringing innovation to the traditional UK premium finance market with its white-label premium finance solution.

The London-based entrepreneur, who has more than 18 years’ combined experience in banking, consultancy, technology and media, has transformed the traditional premium finance model, which sees brokers facilitating rather than managing the issuance of premium finance agreements, by providing them instead with their own-branded premium finance facility.

Mr Rangar believes businesses will see better returns, better retention and greater autonomy for insurance brokers with PremFina.

PremFina’s white-label solution offers brokers a combination of market-leading software to manage the sale of broker-branded insurance policies to consumers and businesses as well as the financing to enable their customers to pay policy premiums via monthly instalment plans, allowing the brokers to keep everything in-house.

PremFina, like Uber, is in the business of cutting out the middleman with its disruptive technology, Mr Rangar said: “We’re really excited to be going to BIBA this year. It couldn’t be a better timing for us with PremFina launching just in time for the event,

“If you want to have a drink and a chat about what we do, or just want to say hi, we’ll be at stand C58.”

This was posted in Bdaily's Members' News section by Ellen Forster .