Centrepoint Alliance’s premium funding volumes in the eastern states are up 31% so far this financial year, the company’s AGM heard last week.

Shareholders were told the company has strengthened its east coast premium funding sales team and rebalanced the client base.

MD John de Zwart says Centrepoint enjoyed “exceptional” growth in premium funding last financial year.

However, WA volumes are lower so far this year, resulting in the total sales margin being down 7%.

Mr de Zwart says the company is reweighting to higher-margin, small-loan-size business.

A new distribution agreement with Steadfast will strengthen long-term growth, and negotiations this month will bring a second bank funder on board.