Category Archives: Appliance & Electronics

Personal Safeguards Group (PSG) Supports Creation of a New Consumer Products Service Contract Provider

PSG provided support in every step of forming and operating a new service contract provider in North America. PSG leverages deep contacts in the warranty industry to help facilitate the entry into the space.

PSG’s roadmap includes support with:

  • State level service contract requirements
  • Financial guarantee options (CLIP/SCRIP)
  • Sales and claims administration processes
  • Creation of rates and reserves
  • Creation of forms and coverages
  • Selecting administration technology
  • Repair infrastructure options

The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM) and Retailers. OEMs and Retailers can in-source or outsource individual elements of their program for their Service Contract Program allowing individual structures to address revenue recognition issues, customer experience & lifetime value and overall program design and development.

Process Flow to Form Warranty Company

Contact Personal Safeguards Group for more information. https://personalsafeguardsgroup.com

HomeServe Launches Telefix, A Remote Home Repair Assistance Service

Homeowners sheltering in Place to Receive Free Repair Consultations during COVID-19 Crisis

HomeServe USA (HomeServe), a leading provider of home repair solutions, launched Telefix, a new remote home repair assistance option. The new service, which is in early release, allows qualified technicians to remotely examine, diagnose, and even offer repair guidance to help homeowners solve common home repairs without stepping foot into the home. Through Telefix, users can save some money during these challenging times with free remote DIY guidance from experts in the plumbing, electrical and HVAC trades. If a repair cannot be made remotely, users will have the option of on-site repairs by licensed technicians.

Full Release: https://www.businesswire.com/news/home/20200428005853/en/

Personal Safeguards Group Releases 2020 Service Contract Industry Projections

UPDATE: The shutdown driven by the CoronaVirus will greatly impact every category in 2020. This should be viewed as a run rate prior to the shutdown.

For 2020 Personal Safeguards Group projects over $61b at retail for consumer related service contracts.

Automotive continues to lead the industry in terms of gross revenue with 2020 projected at over $33b for Vehicle Service Contracts and over $6.4b for Ancillary products.

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Scott Morrison, one of the founders of After, Inc., returns to the company after the sale to EPIC Holdings

After, Inc., the global leader in Warranty Marketing and Analytics Solutions since 2005, has just announced the return of Scott Morrison, an original founder, to lead new business development and strategic innovation for the company.

Release: https://finance.yahoo.com/news/scott-morrison-one-founders-inc-120000807.html

CNA Announces Management Changes in Enterprise Risk Management and Warranty

Al Miralles, who served as CNA’s Chief Risk Officer since 2017, has been appointed President of CNA Warranty.

Full Release: https://www.prnewswire.com/news-releases/cna-announces-management-changes-in-enterprise-risk-management-and-warranty-300938909.html

Generali US Branch launches specialty insurance division – begins offering warranty services worldwide

Company adds warranty services to robust list of offerings, will provide added protection to customers globally

New York, September 18, 2019: Generali US Branch, the US arm of Generali Group, a
leading insurance and financial services group with more than €500 billion in assets today announced the launch of their new Specialty Insurance Division which will focus on providing comprehensive warranty services and solutions.

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Amynta Names Dennis Kane as Head of Warranty Business

Amynta Group announced today that Dennis Kane has been named Executive Vice President and CEO Global Warranty. Dennis will be responsible for driving profitable growth across Amynta’s warranty business, deepening partner relationships and delivering on the company’s commitment to customer excellence.

Full Release: https://www.prnewswire.com/news-releases/amynta-names-dennis-kane-as-head-of-warranty-business-300913267.html

After, Inc. to sponsor and speak at the 10th Annual Extended Warranty and Service Contract Innovations Conference

After, Inc., a global leader in Warranty Services, will join the nation’s largest manufacturers and after-market service providers in Nashville, TN on September 18-20, 2019 to discuss best practices in Designing, Marketing and Operating Extended Warranty and Service Contract Programs

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AM Best Affirms Credit Ratings of Fortegra Financial Corporation’s Insurance Subsidiaries

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of the rated operating subsidiaries of Fortegra Financial Corporation.

Full Release: https://www.businesswire.com/news/home/20190719005256/en/Affirms-Credit-Ratings-Fortegra-Financial-Corporation%E2%80%99s-Insurance