Insurance Premium Finance Quarterly Update: 2022 Third Quarter

This 2022 third Quarter Update analyzes data from the second quarter of 2022.

Insurance premium finance remains an attractive asset class for banks and independent operators alike. Despite broader macroeconomic headwinds, industry loans outstanding have exhibited substantial growth. Incumbent players are growing organically with the hard P&C market and are actively seeking acquisitions. Consolidation over the past two decades has materially reduced the inventory of properties available, resulting in favorable market dynamics for sellers. 

On an aggregate basis, this group reported a 12.9% quarterly increase in outstandings and an impressive 21.9% year-over-year uptick.