The Benefits
Bexhill has revolutionised premium funding with a unique funding facility for insurance
brokers who want the convenience and rewards that come from managing their own premium
funding company.
The Bexhill Premium Funding Management System is a unique, intelligent, software
programme delivered via the internet that incorporates all the systems, procedures
and documentation you need to successfully run your own premium funding company.
The Bexhill Premium Funding Management System is a sophisticated tool that makes
operating a premium funding company simple. It will manage all your finance agreements
and calculate your funding requirements as well as performing all the day-to-day
accounting and administrative tasks.
What are the benefits of the Bexhill Premium Funding Management System?
Control
Because you own the funding company, you determine your own interest rates, depending
on the size and quality of each transaction. You also choose the clients you wish
to finance, without the need to consult any third party. All funding transactions
remain completely separate from the underwriting arrangements.
Profitability
The Bexhill Premium Funding Management System can provide returns that are significantly
greater than those offered by conventional premium funding companies. Returns are
based on the difference between the interest rate you set for each transaction and
your cost of funds, rather than by commission payments.
Affordability
What's more, the Bexhill Premium Funding Management System requires minimal capital
outlay - usually only the cost of setting up a company - yet can greatly enhance
the overall value of your business. A monthly licence fee for use of the software
applies.
How does the Bexhill Premium Funding Management System work?
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Once you have set up your premium finance company, Bexhill will provide access
to the Premium Funding Management System. The rest is simple. All funding, repayment
and premium calculations are automatically carried out by the system.