BlogFinance, Insurance and Premium Funding. One Journey.
Cloudfloat, Financeable and Your Insurance have launched an integrated insurance and premium funding solution for commercial finance brokers: asset finance, an instant insurance quote, digital binding and premium funding in one connected workflow, with information captured once and flowing through every stage. We believe it's Australia's first end-to-end straight-through processing experience.
The problem: three processes, three sets of paperwork
If you've ever financed a truck, a trailer or a piece of plant, you know the drill. The finance application is one process. Arranging insurance is another — usually with a different provider, a phone call, and the same business details typed in again. And if you want to fund the premium rather than pay it upfront, that's a third application entirely, with its own paperwork and its own wait.
Each handoff adds days. Each re-key adds errors. And at the end of it, the lender still needs a Certificate of Currency before settlement — which means someone is chasing documents by email while a truck sits undelivered.
For smaller premiums, the traditional funding process often wasn't worth running at all. The admin cost of a manual premium funding application doesn't stack up on a modest premium, so those businesses simply paid cash and wore the hit to their working capital.
What launched today
The new integration connects three specialist platforms into a single workflow. A broker originates finance in Financeable. The information captured in that application flows straight into an instant commercial insurance quote from Your Insurance. The customer reviews the quote, answers a small number of additional underwriting questions online, and binds cover digitally. At checkout, Cloudfloat offers premium funding on the spot, so the customer can spread the premium over instalments without leaving the purchase.
No re-keying. No separate applications. No moving between systems.
| Step | Traditional process | New integrated journey |
|---|---|---|
| Finance application | Broker platform | Financeable |
| Insurance quote | Separate provider, details re-keyed | Instant quote, data flows automatically |
| Policy binding | Phone and email, days of turnaround | Digital, completed online |
| Premium funding | Separate application, often skipped for small premiums | Offered at checkout, funded immediately |
| Settlement documents | Chased manually | Issued automatically on binding |
What happens the moment a policy is bound
Compliance and fulfilment run automatically. The customer immediately receives their insurance schedule, tax invoice, Certificate of Currency, Product Disclosure Statement, Financial Services Guide and Duty of Disclosure. At the same time, the broker receives a Certificate of Currency that includes the lender's interested party details, so settlement requirements are satisfied without anyone chasing paperwork.
Why we built the funding into the checkout
Cloudfloat's role in this partnership is Insurance Premium Funding, embedded directly at the point of purchase. That placement is the whole point.
When funding lives in a separate application after the fact, buying cover becomes a cash-in-bank decision. A business looks at its account balance, not its actual need for protection, and decides whether it can afford the premium this month. Embedding the funding at checkout removes that trade-off: cover starts now, cash stays in the business, and the premium is spread over instalments.
It also changes the economics at the smaller end. Because the decision happens inside the workflow rather than through a manual process, premiums that were never worth funding traditionally can now be funded in seconds. That's a segment of the market that has effectively gone without premium funding until now.
“Businesses increasingly expect the payment experiences they get as consumers. Cloudfloat was built to put funding at the moment a business is transacting, not in a separate finance application afterwards.”
Aleem Habibullah, Founder & CEO, Cloudfloat
Who does what
Financeable connects finance origination with embedded insurance, automatically reusing the information already captured during the finance application.
Your Insurance automates insurance origination, live quoting and digital policy binding, so customers complete only a small number of additional underwriting questions through a secure online experience.
Cloudfloat embeds premium funding directly into the checkout, so customers can fund their premium immediately without leaving the purchase.
What's covered at launch
The platform initially supports Commercial Plant and Equipment, and Commercial Motor Vehicles over 5 tonnes including Prime Movers. Commercial Motor Vehicles under 4.5 tonnes are launching shortly. Customers can receive, review and purchase insurance entirely online across all supported classes.
What this means if you're a Cloudfloat customer
If you're financing eligible assets through a broker on the Financeable platform, you'll now see insurance and premium funding offered inside the same journey as your finance application. If you're a broker, it means more of the customer journey completed from a single platform, less administration, and a settlement process that doesn't stall waiting on a Certificate of Currency.
It's also part of a bigger pattern in how we build. Cloudfloat started with paying bills over time, and everything since — Working Capital and Redraw, Invoicing, the One balance — has followed the same principle: put flexible payment options inside the transactions where businesses actually need them, rather than in a separate finance application afterwards. Embedded premium funding is that principle applied to insurance.
Common questions
Insurance Premium Funding (IPF) lets a business spread the cost of an annual insurance premium over instalments instead of paying it upfront in one lump sum. The insurer is paid in full, cover starts immediately, and the business keeps its cash working elsewhere.
No. Premium funding is offered inside the checkout when you purchase your policy. The information already captured during your finance application flows through, so there is no separate application, no re-keying and no waiting on a second approval process.
You immediately receive your complete policy documentation: insurance schedule, tax invoice, Certificate of Currency, Product Disclosure Statement (PDS), Financial Services Guide (FSG) and Duty of Disclosure. Your broker simultaneously receives a Certificate of Currency including the lender's interested party details.
Commercial Plant and Equipment, and Commercial Motor Vehicles over 5 tonnes including Prime Movers. Commercial Motor Vehicles under 4.5 tonnes are launching shortly.
Yes. Because the funding decision happens automatically inside the checkout rather than through a manual application, premiums that were previously too small to be worth funding through the traditional process can now be funded in the same journey.