Premium Finance: Flexible Insurance Payment Solutions for Brokers and Businesses

Insurance is essential—but paying the full annual premium upfront can strain cash flow for both individuals and businesses. That’s why more brokers and clients across Africa are turning to premium finance: a simple, effective way to spread the cost of insurance over manageable instalments.

At Wigmore Trading, we connect brokers and their customers with trusted premium finance providers that offer flexible, tailored solutions. Whether you’re a broker seeking to add value for your clients or a business managing tight budgets, premium finance can help make insurance more accessible—without compromising on coverage.

What is Premium Finance?

Premium finance is a facility that allows businesses or individuals to pay their insurance premiums in monthly instalments rather than one lump sum. A third-party lender pays the premium to the insurer upfront, and the customer repays the lender over an agreed term (typically 6 to 12 months).

Benefits of Premium Finance:

• Spread large insurance costs into smaller, monthly payments
• Maintain cash flow for other business needs
• Keep insurance coverage in place without delay
• No need to dip into credit lines or working capital
• Quick approvals and minimal documentation

For Brokers: Offer More, Sell More, Support Clients Better

If you’re an insurance broker, offering premium finance can help you increase conversion, retain clients, and support affordability—all while maintaining strong relationships with insurers.

Broker Benefits:

• Close more deals by offering monthly payment plans
• Reduce cancellations and lapses due to cost
• Offer added value to SME and corporate clients
• Get access to dedicated support and fast decisioning
• Available for general, motor, property, marine, health, and other commercial policies

Wigmore Trading partners with finance providers to give brokers access to seamless premium finance platforms and tools. Whether you’re servicing individuals, SMEs, or large corporates, we help you meet client expectations.

For Businesses & Customers: Protect What Matters, Pay Over Time

From logistics firms insuring a fleet to retailers covering stock and premises, premium finance helps you keep essential insurance in place—while preserving cash flow.

Ideal for:

• SMEs with tight operating budgets
• Large businesses managing seasonal income
• Individuals purchasing motor, health, or home insurance

With premium finance, you can:

• Get insured immediately
• Avoid dipping into reserves or using credit cards
• Align repayments with cash flow

Whether you’re insuring goods in transit, commercial property, or a vehicle fleet, premium finance helps spread the cost without compromising on protection.

Why Wigmore Trading?

As a trusted name in trade, logistics, and finance, Wigmore Trading bridges the gap between brokers, insurers, and lenders. We make it easy to integrate premium finance into your offering—or access it as a business or individual.

What We Provide:

• Access to vetted premium finance providers
• Fast setup for brokers
• Support for commercial and personal insurance clients
• Multi-country service across Nigeria, Ghana, Kenya, South Africa, and more
• One-on-one support from our finance team

Ready to Offer or Access Premium Finance?

👉 Brokers – Contact Wigmore Trading to integrate premium finance into your client offering.
👉 Businesses or individuals – Talk to us about spreading your insurance premiums over monthly payments.

Let us help you or your clients stay protected—without the financial pressure of paying upfront.