Open GI signs up Close Premium Finance
Open GI has entered into a three-year agreement with Close Premium Finance (CPF), a provider of electronic premium finance software with over 2,500 customers in the UK and Ireland.
Electronic premium finance enables brokers to increase earnings and save costs by delivering a point of sale service than includes a reconciliation facility.
According to Open GI, the number of brokers using its premium finance software continues to increase, with 20% year-on-year growth in the volume of premiums going through the system.
Business Development Director, David Kelly, comments: “By continuing to team up with Close, we can add yet more value to brokers using the Open GI system.”
CPF sales and marketing director, Tim Wilson, says the agreement will benefit both firms by allowing them access to new business opportunities.
He adds: “Partnering with a software house that has a 40% share of the broker market facilitates a significant part of our revenue stream.”
Last month, Open GI secured a three year deal with Clark Thomson Insurance Brokers, one of Scotland’s largest independent brokers.
The agreement covers Clark Thomson’s entire IT infrastructure, along with office productivity solutions for the majority of the company’s 150 staff.
Category: Companies News, Insurance News
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