Insurance Age - Misys develops premium finance solution

Insurance Age - Misys develops premium finance solution: "Misys develops premium finance solution
Misys has joined forces with Close Premium Finance to develop a fully integrated solution that will make arranging premium finance easier for brokers.
The solution will be available in the New Year and integrates the Close system with the Misys back-office system so that brokers can deliver an efficient electronic premium finance service at point of sale. An automated premium payment process will also be included.
Misys is the UK�s leading broker systems provider and Close is the award winning premium finance provider.
James Gamble, business development director, Misys General Insurance, said: �The addition of Close to our portfolio of integrated premium finance providers is great news for our brokers. They are a major player in both personal and commercial lines.
�Integration between our systems means there is no more re-keying of client information � saving brokers time and reducing administration costs. And there is no more manual reconciliation of payments at the end of each month, which means brokers can benefit from a significant revenue stream.�
Tim Wilson, sales and marketing director, Close, said: �Many Misys users were telling us they wanted to use Close for premium finance but only if our system was easily accessible from the Misys system. This is a breakthrough deal for us. It makes the Close proposition viable for many more brokers.� "