Newgen Software announced that Premium Credit, a provider of premium finance in the UK and Ireland, has selected Newgen’s automation platform to enhance their premium finance process for business insurance customers.
Premium Credit will leverage Newgen’s Loan Origination Solution, configured on its low code digital transformation platform (iBPS), to automate its premium finance process. The low code platform will provide them with the required scalability to rapidly and efficiently originate, process, disburse, and monitor loans.
“Newgen is the right partner for us as we look to accelerate our digital transformation initiatives. With their help, we will be able to streamline our existing processes, improve business growth, and enhance self-service capabilities for our brokers and customers,” said Julie Hagley, Digital Services Director, Premium Credit.
“Our platform will enable them to achieve increased speed and agility in their operations, and ensure adherence to risk and compliance requirements,” said Virender Jeet, CEO, Newgen Software.