Premium Funding and EBIX have announced an exclusive partnership whereby Premium Funding will be the only premium funder with iClose integration capabilities. The partnership will ensure the ability for clients to be offered flexible payment options while transacting online.
The iClose Web Portal – a complete framework for developing, rating and deploying e-commerce insurance products. Designed with speed to market and cost as major design criteria, the Web Portal offers a flexible solution for a broad range of insurance products.
Premium Funding’s product works in conjunction with iClose using an API, which allows clients to choose monthly or weekly payment options, accept on-line with no signatures or need for printing funding contracts. Cover and premium funding is now bound instantly, a truly on-line e-commerce solution.
Ross Hayward, Director Premium Funding stated, “The iClose platform is the perfect solution for Brokers looking for a platform to offer product on-line. It is simple to set-up, cost effective and integrates seamlessly into current Broking systems.
Our exclusive funding option is essential for products that are competing against direct pay by the month options, a must have if you are to be competitive in this space. Combine this solution with our one of a kind electronic settlement reconciliation and our overall product offering ensures high volume transaction based sites require no touch from Brokers.”