Canadian insurance software provider Keal Technology has launched a new premium finance software, premiumXP.

Keal Technology’s flagship application, sigXP, a Broker Management System, is integrated with premiumXP to maximize broker efficiencies and expedite finance agents’ end-to-end workflows.

When choosing to finance premiums, brokers can create their own in-house finance company or submit business to a third party financing company and receive a commission. With secure integrated technology, in-house premium financing provides the brokerage with a competitive advantage by increasing revenues and offering additional flexibility to insureds.

premiumXP streamlines the efforts of both the broker submitting premiums for financing, and the finance agent managing the contract.

Keal said that using single entry integration with its BMS sigXP, brokers can seamlessly move client data directly into premiumXP’s broker self-serve web interface. A quote can be generated in seconds.