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A business needs commercial cover and does not want the whole annual premium leaving its account at once, so the balance is financed against the unearned premium the carrier returns on cancellation.
A business needs commercial cover and does not want the whole annual premium leaving its account at once.
The financed portion of a commercial premium, secured by the unearned premium the carrier returns on cancellation.
The business pays a share of the premium up front, the finance platform advances the rest to the carrier, the cover is bound in full from the first day, and the business repays the balance over the policy term.
Underwriting on the policy and the insured, servicing over the term, cancellation and refund recovery.
The underwriting desk in our insurance line reads the same file, so the call on whether a premium can be financed and the call on whether the risk is worth covering come from one read of the site, the books, the loss history, and the owner.
Risk assessment before the premium is financed, in-house audit over the term.
The scenario is underwritten, how it fails and what that costs, before the loan is priced, and performance is checked in-house by the holding company, not reported up by the platform.
Premium finance sits in the specialty finance line: structured, not formed, not an offer.
What the carrier hands back on cancellation.
The part of the premium the carrier has not yet earned because time remains on the policy, and the part it returns if the policy is cancelled.
The share not paid up front.
The share of the premium the business does not pay up front, advanced to the carrier and repaid over the policy term.
Priced before capital moves.
Every premium is priced on the policy and the business behind it before capital moves, by our own underwriting, audit, and risk assessment.
The refund stands behind the balance.
Cancellation returns the unearned premium, and that return is what the loan is written against, so recovery does not wait on a promise.
The cover is quoted and bound, and the same file that tells the underwriting desk whether the risk is worth writing tells credit whether the premium can be financed. Nothing moves before that file is read.
The business pays its share up front, the balance is advanced to the carrier, and the loan is sized so the unearned premium stands behind what is owed from the first day of the term.
The schedule runs with the policy: instalments over the term, serviced in-house, with performance checked by the holding company’s own audit rather than reported by the platform. Nothing is held passively.
If a payment stops, the policy is cancelled, the carrier returns the unearned premium, and the refund is applied to the balance; the loss, if any, is what is left after that.
Cover in place, paid over the term.
The premium exists, the unearned part of it stands behind the loan, and the business would rather pay over the term than all at once.
No policy yet, nothing for the loan to sit on.
What we source is the financed portion of a premium, so until a policy is bound there is nothing yet for the loan to sit on.