Benefits

  • We provide underwriters with cost-effective means of collecting customer’s monthly premium payments, which are PCI compliant.

    • We easily integrate with the way you already do business.

    • We provide underwriters with cost-effective means of collecting customer’s monthly premium payments, which are PCI compliant.

    • Underwriter receives full annual premium at 30 days from inception date of policies.

    • Introducer receives full commission/incentive based on annual premium at renewal/inception (if applicable).

    • Monthly premiums are collected on the due date & dishonours are actioned on the day of dishonour.

    • Retention rate is high with easy rollover at renewal (no re-application needed).

    • Flexible integrated system can handle all aspects of underwriter’s interface with customer’s premium variations.

    • Minimal broker involvement needed.

    • With over 10 years’ experience in customer service, we provide dedicated phonelines for payment queries, credit card amendments, payment date variations & other customer service queries.

    • No need for you to allocate dedicated staff to handle queries or provide administration to follow up overdue payments.

    • Online Portal is user friendly & available 24/7.

    Our facility meets APRA requirements & complies with Section 52-63 of the Insurance Contracts Act & is exempt from the Uniform Credit Code.

  • QPR Premium Funding provides administration & collection of "Pay by the Month" facilities. By paying in monthly instalments, this can free up cash flow to re-invest in the business.

    Business Insurance is a necessity that may come with a large financial burden when paying the full price up front, which is why we provide cost-effective options. QPR Premium Funding provides administration & collection of "Pay by the Month" facilities. By paying in monthly instalments, this can free up cash flow to re-invest in the business.  

    Other benefits include:

    • Interest rates are fixed for the term of the loan.

    • Retain working capital in the business.

    • Application is simple, with a fast approvals process.

    • No additional or on-going fees.

    • No additional security needed.

    • Can be used as an additional line of credit outside of banking arrangements.

    • Instalment payments can be made by Direct Debit, Bankcard or Credit Card.

    • The loan is tailored to suit both the borrower & the intermediary.

    • Pay By The Month Benefits

    QPR Premium Funding provides administration & collection of "Pay by the Month" facilities. By paying in monthly instalments, clients can free up cash flow to re-invest in the business. Personal lines insurances over 12 equal monthly payments offered by the underwriter/introducer & funded & administered by QPR. 

    • Documentation & procedures can be tailored to suit specific requirements subject to any applicable legislative requirements.

    • Customer communication: all written communication with customers can be tailored to meet specific requirements.

    • Security & Compliance: Cardholder & account data is stored, processed & transmitted using the highest standard of security. QPR is certified as a level 1 PCIDSS compliant payment provider & merchant – the highest global standard.

    • All transactions are protected with our data recovery plan which backs up all records in real time & stores them off site in a self-sufficient, external data centre.

    • Collection Agreement: QPR can also provide a collections service for annual premiums paid from bank accounts or credit card & paid direct into underwriter’s bank account.

    • Seamless Integration: QPR’s payment & funding processing platform can be fully integrated with most underwriter’s software for seamless, secure end-to-end client management. All transactions are managed by our programming interface, which stores & processes all sensitive credit card data within QPR’s secure PCI compliant system.

    • The underwriter has access to a Level 1 PCI compliant payment process without the need for investing in expensive infrastructure.

    • Access to QPR Online Portal 24/7: The underwriter’s claims department will have access to our user-friendly & secure online portal to check on client’s details & payment information.

  • QPR Premium Funding provides administration & collection of "Pay by the Month" facilities. By paying in monthly instalments, clients can free up cash flow to re-invest in the business.

    QPR Premium Funding provides administration & collection of "Pay by the Month" facilities for Insurers & Underwriters. By paying in monthly instalments, clients can afford easy to manage instalments for their consumer insurances.

    • Documentation & procedures can be tailored to suit specific requirements of the insurer/underwriter, subject to any applicable legislative requirements.

    • Customer communication: all email/text/letter communication with customers can be tailored to meet specific requirements.

    • Security & Compliance: Cardholder & account data is stored, processed & transmitted using the highest standard of security. QPR is certified as a level 1 PCIDSS compliant payment provider & merchant – the highest global standard.

    • Seamless Integration: QPR’s payment & funding processing platform can be fully integrated with most underwriter’s software for seamless, secure end-to-end client management. All transactions are managed by our programming interface, which stores & processes all sensitive credit card data within QPR’s secure PCI compliant system.

    • The insurer/underwriter has access to a Level 1 PCI compliant payment process without the need for investing in payment processing infrastructure.