Sun, 14 Jun 2020

BNP Paribas Personal Finance has a long history of providing leading insurance premium finance products to brokers in the UK and as part of a global group it operates in 33 countries, priding itself on offering the latest financial technology and supplying solutions which comply with the highest regulatory standards.

BNP Paribas Personal Finance has announced a partnership with Aventus, the insurance market’s first modular operating system designed to enable the new digital world of insurance. The premium finance service will provide clients on the Aventus platform access to competitive finance products, with real-time pricing rates and an affordability checker. All geared at simplifying the process of selling premium finance in the personal lines and SME market. It aims to save operating costs for brokers, insurers and MGAs to increase sales and mitigate default payments.

The Aventus operating system allows insurers and brokers to offer modern buying experiences that consumers expect, whilst supporting and phasing out legacy systems.

Jon Coppin, Sales & Partnerships Director at Aventus, said: “Our partnership with BNP Paribas Personal Finance will deliver a first-class premium finance proposition for our customers to support trading within the personal lines and SME market.  A simple, customer-driven premium finance service is an essential element of our model – designed to deliver a seamless customer buying experience.

“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 Aventus to support UK insurance brokers with their finance needs.  We offer fully transparent, customer-driven finance solutions and look forward to continuing to work with Aventus on a number of new initiatives, concerning their innovative new operating system over the coming months.”