Premium funding arrives in Hong Kong

Premium funding, a multi-billion dollar global industry arrives in Hong Kong.

Jardine Lloyd Thompson JLT and Pacific Premium Funding PPF have announced a strategic business agreement to deliver a new, flexible insurance premium payment service to the Hong Kong market, known as premium funding.

Payment of insurance premiums is increasingly placing a strain on businesses by tying up working capital, especially given the current economic climate coupled with rising premiums exacerbated by September 11, explains Simon Weaver, managing director of JLT in Hong Kong. Premium funding offers an improved, cost effective method for companies in Hong Kong to pay their insurance premiums. Businesses can improve their cash flow management which in turn enhances their working capital, particularly at a time when many insurance companies...

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