PREMIUM FUNDING

We provide insurance premium funding solutions to support you and help your clients make the right choices in protecting their assets.

Empowered to think ahead

You can tailor how your clients receive their premium funding offer by selecting an option that easily integrates with the way you already do business.

Client facing

Edge is IQumulate Premium Funding’s flagship system that provides your clients with a premium funding quote in under 60 seconds. You can choose to create a quote in advance or even during a client meeting. Edge is available right away when you choose IQumulate Premium Funding as a funding provider.

Schemes

Our SchemePay solution provides a standalone digital solution for you to offer premium funding for insurance schemes. SchemePay is entirely hosted by IQumulate Premium Funding and requires minimum time to setup. This allows your clients to obtain a funding quote and apply online in minutes.

Invoice Offering

When clients receive your invoice, you can opt to have a premium funding offer automatically built into the invoice itself. Clients who choose to fund can easily complete their application online.

Website Offering

If your clients purchase their insurance with your brokerage online only, we have a digital quoting tool that integrates with your existing online facility. There are two ways we can integrate premium funding:
1. Integrated into your website or
2. Hosted by IQumulate Premium Funding.

HOW IT WORKS

1. Quoting

2. Acceptance and Payment

3. Settlement

4. Renewals

  • Edge lets you create premium funding quotes directly in your broking system or through our website.
  • Monthly instalments on invoice lets you create premium funding quotes automatically.
  • My Account let clients manage their own accounts through our self-service portal
  • CoverPay lets you take upfront or monthly payments through your website.
  • SchemePay lets you take payments for schemes online, even if you manage your scheme offline.
  • Macquarie Premium Payments (Macquarie Business Banking’s DEFT software) automatically receipts and reconciles IQumulate’s premium funding settlements between your Australian bank account and your broking system.
  • Renew and endorse loans through Edge in just two clicks.

1. Quoting

  • Edge lets you create premium funding quotes directly in your broking system or through our website.
  • Monthly instalments on invoice lets you create premium funding quotes automatically.

2. Acceptance and Payment

  • My Account let clients manage their own accounts through our self-service portal
  • CoverPay lets you take upfront or monthly payments through your website.
  • SchemePay lets you take payments for schemes online, even if you manage your scheme offline.

3. Settlement

  • Macquarie Premium Payments (Macquarie Business Banking’s DEFT software) automatically receipts and reconciles IQumulate’s premium funding settlements between your Australian bank account and your broking system.

4. Renewals

  • Renew and endorse loans through Edge in just two clicks.