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Simply Business renews insurance financing partnership with Premium Credit
The six-year renewal will keep Premium Credit supporting Simply Business via its finance platform and API integration, as the companies plan to use data and analytics to streamline insurance premium purchasing.
Simply Business has renewed its insurance financing partnership with Premium Credit under a six-year agreement, extending Premium Credit’s role in funding Simply Business customers’ insurance premiums through its finance platform and API integration.
The companies, which have worked together since 2017, said they plan to use data and analytics to simplify the purchasing process, improve customer retention, and add further digital enhancements to their combined offerings.
Simply Business, which serves small businesses and landlords in the UK, said it has more than doubled its customer base over the past five-and-a-half years.
The insurer-linked platform also reported that it surpassed the one-million-global-customer milestone in 2024, citing the partnership as part of its customer growth strategy, according to Coverager.