Panacea FinancePanacea Finance is an insurance premium finance business, incorporated in 2001 as the second Group Direct company.
We were established to collect monthly instalments, by Direct Debit, from customers of our insurance broking businesses. Panacea has developed our own in-house, browser-based premium finance system.
This unique platform is robust, secure and adapts easily to the needs of our brokers and their customers.
Panacea’s business has grown exponentially over recent years. We have licensed our system to third parties and work in partnership with Conister Trust to manage their premium finance portfolio.
In 2009 alone, Panacea advanced in excess of £84 million, managing over 156,000 loans.
Christine Sorrell is Operations Manager of Panacea Finance. Christine joined Group Direct in 2002 and has huge knowledge of the workings of Panacea’s business. Panacea now employs over thirty people and remains based in our Group Head Office in Aust.
Our commitment to training and developing our people, coupled with the massive advancements we have made in our technologies and the sophistication of our delivery has paved the way for Panacea to enter the third party market. We are relishing this challenge.
Working within Panacea is a committed, talented group of people who are passionate about achieving excellence in premium finance, allowing our partner brokers to focus on making sales and developing their own business.
