The 'premium' whitepaper
A Look into The State of Premium Payments
Unlocking Insights from Lloyd's of London
Premium payments are the lifeblood of the insurance industry, fuelling the ability to pay salaries, maintain systems, and most importantly, fulfil claims. They also present an opportunity for additional income through investment. However, it is surprising to discover that the insurance industry may not be adequately prioritising this vital lifeline. In this paper, we delve into the issues of delays, costs, and obscurity surrounding premium payments.
By combining publicly available information with in-depth interviews, we provide a comprehensive and insightful analysis. Our findings highlight the heightened significance of premium payments in light of the current macroeconomic landscape. This is triggered by rising expenses due to inflation, evolving regulatory initiatives, and the potential for increased opportunities stemming from higher interest rates.
Dive into our white paper today and seize the opportunity to put your organisation and yourself at the forefront of the industry!