Category Archives: Insurance Carriers

Extended Warranty & Service Contract Innovations

Strategies for Designing, Marketing & Operating Winning Service Contract & Extended Warranty Programs

October 18-19, 2021 Renaissance Nashville Hotel, Nashville, Tennessee

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Enduring Changes in the Post-Pandemic Warranty Industry

Key observations from an AmTrust roundtable discussion with service contract industry leaders Aleem Lakhani, Michael Frosch, Kenneth Mac, and Sreevathsa Prabhakar.

Full Article: www.warrantyweek.com/archive/ww20210603.html

Personal Safeguards Group, LLC (PSG) Supports Creation of a New Subscription-Based Medical Alert Service Contract Program

PSG provided support in creating a new subscription-based service contract program including:

  • Sourcing a Licensed Obligor backed by an A- Admitted Carrier
  • Program Design and Rate Structures
  • Claims Administration and Management
  • Regulatory and Compliance

For more information: PersonalSafeguardsGroup.com

AM Best Affirms Credit Ratings of Fortegra Europe Insurance Company Limited

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Fortegra Europe Insurance Company Limited (FEI) (Malta). The outlook of these Credit Ratings (ratings) is stable.

Full Release: https://www.businesswire.com/news/home/20210204005763/en/AM-Best-Affirms-Credit-Ratings-of-Fortegra-Europe-Insurance-Company-Limited

Arch Insurance Announces Entry Into Consumer Product and Home Warranty Markets

Offering provides unique North American insurance and obligor solutions including custom underwriting, data analytics and full compliance support

Arch Insurance today announced its entry into the Consumer Product and Home Warranty markets. With this offering, Arch will focus on its “underwriting only” partnership approach for original equipment manufacturers (OEM), third party administrators, obligors and insurtechs by providing underwriting, compliance, data analytics and nationwide obligor access.

Full Release: https://www.businesswire.com/news/home/20210107005525/en/Arch-Insurance-Announces-Entry-Into-Consumer-Product-and-Home-Warranty-Markets

AmTrust and Servify Announce Partnership for Device Protection Programs

Companies Partner to Offer A Program Scalable to Millions of Users and Devices

NEW YORK and SEATTLE, November 11, 2020– AmTrust Financial Services, Inc., a leading underwriter of extended service, accidental damage, and loss/theft plans in the consumer technology industry, and Servify, a device lifecycle management company, today announced a partnership to provide Device Protection Programs for Retailers, Carriers and Original Equipment Manufacturers (OEMs).

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

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the U.S.-based operating subsidiaries of Fortegra Financial Corporation (Fortegra) (headquartered in Jacksonville, FL). 

Full Release: https://www.businesswire.com/news/home/20200916005931/en/AM-Best-Affirms-Credit-Ratings-of-Fortegra-Financial-Corporation%E2%80%99s-Insurance-Subsidiaries

Department of Financial Services announces settlement with mobile insurance provider

Superintendent of Financial Services Linda Lacewell announced on August 20 that The Signal, LP, an Assurant Company, has been fined $2.8 million following inadequate consumer disclosures.

Full Article: https://www.informnny.com/top-stories/department-of-financial-services-announces-settlement-with-mobile-insurance-provider/

WEBINAR RECORDING | RETHINKING THE LOSS DATA EQUATION: MAKE BETTER DECISIONS FASTER AND INCREASE PROFITABILITY

Webinar Recording Link: https://info.csgi.com/warranty-news/rethinking-the-loss-data-equation

Video

Using traditional actuarial data sources leads to gambling on important decisions that have a large impact on your business. Making calculated decisions requires good data, but data from traditional actuary sources are lagging and expensive. Make better decisions and improve CX with real-time loss data from CSG Dash. New solutions, CSG Dash enables:

• Real-Time loss data
• Improved CX
• Interactive Dashboards & Reporting
• Cost-Savings

Speakers: 

Sean Hicks, CEO, NewLeaf Service Contracts Inc

Matt Wrobel, Sales Director – Field Service Management, CSG

Mark Seaman, Data Scientist, CSG

Assurant Expands On-Demand Mobile Device Repair with Acquisition of Fixt

Assurant announces it has acquired Fixt, a leading provider of on-demand mobile device support and repair.

Full Release: https://www.businesswire.com/news/home/20200817005054/en/Assurant-Expands-On-Demand-Mobile-Device-Repair-Acquisition