The technology provider has partnered with BNP Paribas Personal Finance, part of BNP Paribas; one of the world’s pre-eminent banking groups.
The new application presents an end-to-end finance solution offering real-time pricing rates and an affordability checker – all geared at simplifying the process of selling premium finance into the personal lines and SME market. It aims to save operating costs for brokers, increase sales and mitigate default payments.
David Kelly, Open GI’s Chief Sales Officer, said:
“Our partnership with BNP Paribas Personal Finance will deliver a compelling premium finance proposition for our brokers to support trading within the SME market. Premium Finance is still not the first choice for SMEs when funding insurance. By ensuring our brokers are enriched with the right products to help make the process of purchasing (or renewing) insurance easier, SMEs will hopefully increase more uptake of premium finance across the board.”
Kelly further commented:
“We are delighted to be working with BNP Paribas Personal Finance and look forward to collaborating further to strengthen our finance technology offering to benefit the GI market.”
Michael Phillips, Director of Insurance Premium Finance, BNP Paribas Personal Finance, said:
“BNP Paribas Personal Finance is pleased to be working with Open GI to support UK insurance brokers with their finance needs. We offer fully transparent, customer-driven finance solutions and look forward to continuing to work in partnership with Open GI on a number of new initiatives concerning its Mobius proposition over the coming months.”
Notes to Editors:
Open GI is one of the leading technology partners to the General Insurance industry. Open GI provides a range of configurable insurance software to insurance brokers, underwriting agencies, insurers and MGAs in the UK and Ireland.
Its digital insurance solutions, which includes Mobius and Core, provide multi-line, multi-channel, multi-brand trading capability complemented by innovative eCommerce and mobile technologies.
Open GI is part of the Open International Group and has 550 staff across offices in Worcester, Dublin, London, Winchester, Milton Keynes, Skopje and Krakow.
About BNP Paribas Personal Finance
BNP Paribas Personal Finance creates finance solutions that customers trust and help partners grow. Working with leading brands and high street names, BNP Paribas Personal Finance helps partners to attract customers, build loyalty and increase sales through flexible and innovative finance solutions including point of sale finance, credit cards, insurance premium finance, motor finance, and personal loans. Through its Everyday Finance proposition it provides a range of simple and straightforward products that help people to budget effectively, spread payments and finance purchases and projects.
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