LONDON, Nov. 7, 2019 /PRNewswire/ -- PremFina Ltd
("PremFina" or the "Company"), the first venture capital backed
premium finance company to offer a proprietary software as a
white-label solution for insurance brokers, wins the
"Organisational Impact SME" category at The Lloyd's Dive In Impact
Awards.
Launched in London in 2015,
Dive In comprises a group of firms in the Lloyd's Market who are
steering Diversity and Inclusion in the insurance industry. It
organises events in more than 60 cities across 33 countries
worldwide (www.diveinfestival.com). In its first year, The Dive In
Impact Awards recognises the most impactful people and
organisations spearheading Diversity and Inclusion within
Insurance. Curated by Lloyd's (www.lloyds.com), the ceremony
focuses on enabling individuals to achieve their potential by
highlighting the business case and promoting positive action for
diversity in all its forms.
PremFina (www.premfina.com) has been nominated for inspiring
behavioural change with an inclusive culture that permeates at an
institutional level and is embodied by employees who reflect its
mission. PremFina has achieved employee statistics that are
differentiated within the premium finance and insurance industries,
with Bundeep Singh Rangar, CEO of PremFina commenting "We stand out
because nearly half of our employees are women, two thirds are
multilingual, more than half are from countries outside the UK and
more than a third are under 30 years of age. This is also true at
the senior management level, where we're ethnically diverse and
comprise nearly half of women, which is two times better than our
competitors."
PremFina is the only premium finance provider in the insurance
industry to sign the Inclusive Insurance Pledge created by
Inga Beale (ex-CEO, Lloyd's of
London) and Tulsi Naidu (CEO, Zurich UK). The pledge sets
the standard for inclusive behaviours and year-round best
practice from senior positions. Rangar affirmed the effectiveness
of his top-down approach by revealing, "in a recent employee morale
survey, 100% of staff surveyed anonymously agreed with the
statement that PremFina values diversity."
Employee advocacy at PremFina in the form of a #diversitytomeis
social media campaign contributed to their nomination as it
features testimonials from staff, such as Nij Saha, PremFina's
Chief Technology Officer. PremFina's purpose-driven operations are
explained by Saha, as "Diversity to me is what we are at PremFina:
different nationalities, races, cultures, industries, sexualities,
religions, socio-economic backgrounds, gender and ages (from Baby
Boomers to Generation Z), each contributing and innovating via our
own unique experiences." For Rangar, "having diverse employees not
only removes bias from our decision making but it also brings new
ideas to the table, accelerating our innovation and ultimately our
competitiveness". Inclusion is therefore the norm at PremFina,
forming the basis of their business model as a financially
inclusive premium finance company making insurance more
affordable.
About PremFina Ltd
PremFina Ltd is a UK-based premium finance company that promotes
financial inclusion by enabling the payment of insurance premiums
via instalments. It supplies insurance brokers with funding lines
and also enables broker-funded and branded credit agreements via
its Software-as-a-Service (SaaS) affiliate IXL PremFina Ltd. With
PremFina, brokers receive higher profit, greater autonomy and the
opportunity to increase the lifetime value of their customers as
well as cross-sell and up-sell additional products. PremFina's
shareholders include global investors Rakuten Capital, Draper
Esprit Plc, Thomvest Ventures, Emery Capital, Rubicon Venture
Capital, Talis Capital and the company's founder.
Website: www.premfina.com
Photo -
https://mma.prnewswire.com/media/1025276/PremFina.jpg
For All Enquiries:
Katie Boland
Marketing Associate
Katie.Boland@premfina.com
+44-795-189-8008