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About Paymentshield

Wednesday, December 03, 2008

Paymentshield is the UK's largest independent supplier of mortgage related insurance products to the intermediary sector. They offer simple, yet comprehensive non-investment insurance products, whilst developing an end-to-end portfolio of products and services based on property purchase. They pride themselves in consistently delivering first class customer service and in their efficient policy servicing, which is provided by their 250 dedicated employees.

Founded in 1992, Paymentshield is an independent company, which has experienced tremendous growth and commercial success. In August 2004, their management team, with the backing of HBOS, completed a management buy-out of existing and founder shareholders.

Paymentshield Limited is the largest independent supplier of general insurance products to the mortgage intermediary sector with current new business levels exceeding 25,000 policies a month. Paymentshield only sells through intermediaries and over 27,000 intermediaries have chosen Paymentshield.

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Key Facts
Percentages of UK households obtaining insurance cover:
Buildings Insurance 64%
Home Contents Insurance 77%
Mortgage Protection Insurance 21%

Source: Association of British Insurers 2003/4

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