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Automotive insurance coverage dealer MyFirst has entered an alliance with premium finance supplier PremFina to supply enhanced insurance coverage providers to younger drivers.
MyFirst, specialising in insurance coverage for younger drivers, learners and college students, helps younger drivers discover versatile and reasonably priced insurance policies.
The insurance coverage dealer has sought to create partnerships that ship accessible premium finance choices to its distinctive shopper base.
As a part of its collaboration with PremFina, MyFirst will utilise PremFina’s know-how platform to make sure a seamless premium finance expertise for the insurance coverage dealer’s clients.
PremFina’s potential to supply customised monetary options will allow MyFirst to tailor its providers to the various wants of younger drivers, doubtlessly giving the dealer a aggressive benefit available in the market.
MyFirst CEO and founder James Noble stated: “Most clients who method MyFirst aren’t even certain which class of younger driver insurance coverage they match into. Making their journey as simple as attainable all through the shopping for course of – and the lifetime of their cowl – is vital.
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“Our option to accomplice with PremFina displays our shared customer-centric values. PremFina’s status for seamless, user-friendly premium finance aligns completely with our imaginative and prescient, and our dedication to offering first-class customer support.”
PremFina, primarily based in London, is a fintech firm that goals to rework the insurance coverage cost panorama. It offers insurance coverage brokers and firms with financing amenities and a white-label cloud-based software-as-a-service platform.
The corporate’s mission is to make insurance coverage extra accessible and reasonably priced, supporting clients and companions.
PremFina chief income officer Paul Path added: “We’re thrilled to collaborate with MyFirst, a specialist of their area and an actual ‘go-to’ place for younger drivers within the UK. It’s tougher than ever for younger folks to get on the street, and insurance coverage shouldn’t be a barrier that stops them getting on the street, whether or not that be for work or anyplace they should go.”
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