A 2022 study in Singapore shows that only 42% of small and medium-sized enterprises (SMEs) have enough cash flow to sustain their operations for six months or longer.[1] The same study reveals that most SMEs prefer to ease up cash flow and improve liquidity with loans at lower interest rates.
Marsh, the world’s leading insurance broker and risk advisor, has partnered with licensed premium funding vendor Clearmatch to offer Premium Funding exclusively for our eligible clients.
Premium Funding allows SMEs to opt for spreading their annual insurance premiums into monthly instalments at a competitive fixed interest rate. The benefits of Premium Funding include:
Our eligible clients can apply in six easy steps:[2]
Premium Funding is provided by a licensed financial services company known as a premium funding provider, a specialised lender that funds the annual insurance premium to an insurer, structures convenient payment options, and allows you to better manage your insurance premiums. Marsh has selected Clearmatch as our preferred premium funding provider.
As the global leader in insurance broking and risk advisory, Marsh is dedicated to providing innovative and relevant solutions to Asia’s enterprises, including SMEs. With our Premium Funding solution, we help you to improve your cash flow, so that you will be ready to take advantage of opportunities to foster resilient business growth and expansion.
[1] UOB, Accenture, Dun & Bradstreet. ASEAN SME Transformation Study 2022. https://uob.com.sg/assets/web-resources/business/pdf/asean-sme-transformation-study-2022.pdf
[2] Terms and conditions apply. Each application will be assessed and processed based on a case-by-case basis.
