Innovative premium finance provider PremFina today announces the appointment of David Marock as Chairman.
PremFina was launched to challenge the status quo in premium finance by providing accessible, flexible and tech-enabled solutions for insurers, brokers, MGAs and their customers. It is the only provider to also offer an embedded software solution that allows brokers to lend their own funds to customers.
In the last year it has continued to innovate with new and highly customer focused services including the launch of omnichannel contact options and point of sale digital identity verification which means customers can arrange premium finance on the same day as the policy, rather than waiting days for a separate credit agreement.
As its new Chairman, David brings 30+ years’ experience in financial services and technology to PremFina’s board. He was Group CEO of Charles Taylor, a global insurance services and technology business for nine years, during which time the company tripled in size. Prior to Charles Taylor, he was Group COO of Beazley and an Associate Principal at McKinsey, advising financial services clients on strategic, operational and corporate finance matters.
He currently chairs global flood forecasting firm Previsico, and is a non-executive director at one of the UK largest investment platform business Standard Life Savings and parametrics solution provider Skyline Partners. He is also a senior advisor with McKinsey along with other tech- and insurance-related businesses.
David Marock commented: “Premium finance is crying out for new approaches. There is room for a company to really shape and transform the market with a tech-enabled set of solutions – and PremFina is well on the way to doing just that.
“I’m proud to be part of the journey to expand choices to the market with a range of propositions geared around the broker and their customers rather than a one-size-fits-all solution.
“Sharon Bishop and the wider team are fantastic to work with, combining drive and ambition with industry knowledge and technical know-how. I’m delighted to be supporting their growth trajectory.”
PremFina UK & Ireland CEO Sharon Bishop said: “David’s insight and approach is a valuable addition to our Board. He has brought knowledge and experience as a non-executive director over recent months and I’m delighted to have his support in the new role of Chairman.”
Notes to Editors
PremFina is a London-based FinTech which is revolutionising the way people pay for insurance. It supplies insurance brokers and companies with a differentiated range of propositions, offering financing facilities as well as a white label cloud-based Software-as-a-Service (SaaS) solution. Its diverse team are located across the UK, Poland and Spain and together exist to help customers, empower their partners and transform the insurance industry for the better by creating a world where insurance is more accessible and affordable for everyone.