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!