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.
Personal Safeguards Group, LLC (PSG) is a leading Service Contract, Limited Warranty and Specialty Insurance firm supporting Manufacturers (OEM’s), Marketers, Retailers, Dealers and Solution Providers in multiple industry verticals.
PSG provides Brokerage and Advisory Services to:
- OEM’s and Retailers seeking to form an in-house service contract provider
- InsureTech companies seeking to enter or expand their Service Contract segments
- Internet of Things (IoT) companies seeking product differentiation through service
- Insurance Carriers exploring opportunities to enter the Service Contract industry
- Service Contract Providers seeking support with partnerships, products and other custom needs
- Venture Capital and Private Equity investors analyzing the Service Contract industry