Close Brothers Premium Finance Products Now Available Through Applied TAM

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Applied Systems delivers premium finance integration into Applied TAM to extend connected digital experience for UK brokerages

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Applied Systems today announced that premium finance products with Close Brothers Premium Finance are now available through Applied TAM, the most widely used brokerage management system in the world. Through this partnership, UK brokers will be able to offer their clients competitive and flexible finance options for new policies, renewals and mid-term adjustments through an automated process, reducing time spent on administrative tasks and improving customer service to increase client satisfaction, retention and growth. UK broker’s will now only have to enter client finance requirements and information into Applied TAM, eliminating the need to rekey information into multiple systems and automating the data exchange between the brokerage and Close Brothers Premium Finance.

“Providing access to a full range of services via digital channels has become critical in today’s insurance market place," said Sharon Bishop, chief executive officer, Close Brothers Premium Finance. "By integrating our premium finance products into Applied TAM, we can further simplify our broker partners’ workflows and improve ease of access to premium finance products. This in turn helps make insurance more affordable for customers by spreading the cost of their insurance premium.”

“As insurance consumer expectations for engagement and service continue to change, brokers require advanced software to evolve their business and customer service models,” said Jeff Purdy, senior vice president of International Operations, Applied Systems. “In partnering with Close Brothers Premium Finance, Applied TAM brokers will now be able to extend premium financing options to their customers, further elevating their role as a trusted advisor and driving growth and profitability.”

Additional information on premium finance capabilities in Applied TAM can be found here.

About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognised as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world’s largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada and the United Kingdom. By automating the insurance lifecycle, Applied enables millions of people around the world to safeguard and protect what matters most.

About Close Brothers Premium Finance
Close Brothers Premium Finance helps businesses and individuals pay their insurance premiums by spreading the cost over regular instalments.

Premium finance is a convenient alternative to paying in one lump sum, allowing customers to manage their finances more easily or free up capital for other uses.

With over 35 years’ experience in the industry, Close Brothers Premium Finance is a leading provider of premium finance. We provide expert support and service to over 2,000 brokers across the UK and Ireland.

Close Brothers Premium Finance is part of Close Brothers, a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. This provides financial stability so that we can offer our customers the best products, and we pride ourselves on giving both our brokers and their clients the best possible service and support.

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Courtney Rains
Applied Systems
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