POWERED BY:
WHY REINSURE WITH TRUWARRANTY? • No more risk than a retro. • Get total transparency on pricing. • Add $200,000 annually to your bottom line, year after year. • Maximum flexibility on claims handling. • 100% compatible with your existing reinsurance arrangement. • Unique reporting that allows dealers to see online exactly how their program is performing—and reconcile their bank accounts to the penny.
TruWarranty combines best practices in compliance, technology, and underwriting strength: • Products underwritten in partnership with Fortegra • Most advanced reporting available, anywhere • Online dashboards show you exactly how your dealerships perform • All-digital contract administration and tracking • Full reinsurance participation, using your existing provider • TruCompliance Management System ensures compliant personnel • Innovative claims adjudication via YDE partnership • Private labeling available on all F&I products
TruWa
Don’t see what you’re looking for? You can bet we’ve got it—just ask.
Don’t see what you’re looking for? You can bet we’ve got it—just ask.
A SIMPLE PRO FORMA • 500 Vehicle Service Contracts sold over the next 12 months, based on existing volume • Average reinsurable VSC claims reserve = $1000 • Annual reinsured premium: 500 VSCs x $1000 = $500,000 • Average loss ratio: 60%, leaving annual underwriting income of $200,000 (40% x $500,000) • All-in TruWarranty VSC admin fee, including all ceding fees and premium tax: $230 per contract • Other administrator’s admin fee, including 4% ceding fee and 1% premium tax: $310 per contract • Annual savings in reduced admin fees: $40,000 • Over the next five years, gain $1 million in underwriting profit ($200k x 5) plus save $200,000 in admin fees ($40k x 5)
Warranties and Service Contracts for all the brands your dealers sell
13+
YEARS IN BUSINESS
50
COMPLIANT IN ALL STATES
BEST IN CLASS CLAIMS ADMINISTRATION
Designed for dealerships: our simple selling interface provides a quick path to significant revenue.
• Headquartered in Joplin, MIssouri • Founded on Groundhog Day, 2008 • Servicing 500+ dealers nationwide • All claims paid by virtual credit card, instantly • No paper forms— everything is electronic • Easy remitting process, using ACH or eChecks
We are now AM Best Financial Category VIII,
40+
YEARS IN BUSINESS
A-
35,000,000
A.M. BEST FINANCIAL STRENGTH RATINGS OF EXCELLENT
CONSUMERS PROTECTED WORLDWIDE
As a vertically-integrated insurer, we have the structure and flexibility to support a variety of warranty products and risk structures.
PRODUCTS VSC • Ancillary • GAP • Diminished Value • VVP • MSI •
• Motor Club •
Key Auto • Powersports • RV • VPP •
• Home
Electronics •
VERSATILE RISK STRUCTURES First Dollar & Failure to Perform • Flat Fee & Percentage Fee • 100% Re-insured CFC or NCFC •
Proud Partners With
*Fortegra®
• A/O & DOWC
100% Digital Compatible with all DMS and menus—installation consists of a simple form change.