Premium finance is a component of the agency bill collection process that gives insured customers the option to pay for insurance over a period of time. (Photo: Wasan via Adobe Stock)
The premium finance market is predicted to reach $79.72 billion by 2028, according to a report from The Business Research Company.
The sector went up from $46.08 billion in 2023 to $51.37 billion in 2024, the data showed, driven by growth in high net worth individuals, expansion of luxury goods and services, increasing insurance premiums, growth in real estate investments, and increased focus on asset protection.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
