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
Category Archives: Insurance Carriers
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.
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.
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).
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
New Virtual Events Added to the Service Contract Association
August 12th – Rethinking the Loss Data Equation:
Make Better Decisions Faster and Increase Profitability
August 25th – From Business Continuity to Business Transformation: How to Succeed in a Post-COVID Field Service Industry
October 13th/15th – 11th Annual Extended Warranty & Service Contract Innovations
The Service Contract Association provides an innovative platform showcasing solutions, services, events, career opportunities and an extensive directory of participants. Visit the Service Contract Association’s website.