Reinsurance Programs
Dealers have successfully reinsured vehicle service contracts and credit insurance for decades. Halo Automotive can now help you expand your company to accept aftermarket products such as Tire & Wheel, GAP, Anti-Theft, and others.
Benefits to reinsurance programs:
- 100% of underwriting profits and 100% of investment income.
- Creates an asset that you own. Not a retro or self-insured.
- Create a new company or reinsure our programs to an existing one.
- All programs are fully insured by a multi-million dollar “A”-rated A.M. Best Company.
Our reinsurance programs can help increase profits from the products you sell. Forming your own reinsurance company is an ideal way to boost profits without requiring a huge level of effort. Claims are administered by the ceding company. You will receive quarterly reports and annual financial statements to keep you up to date on all aspects of your reinsurance company’s performance.
Retro Programs
Another way to participate in the business which dealer’s produce is through a Retro Program. Dealers are paid a portion of underwriting profits that exceed a threshold as business earns out. Payments are made directly to the dealership on the underwriting once a year.
Dealer Obligor Programs
Establish your own service and maintenance programs and retain the premium. We offer flexibility to blend with a range of services and benefits in response to the changing market conditions and opportunities. We’ve simplified the process by providing all of the materials, documents and contractual liability, so you can focus on what’s important: your customers.
REINSURANCE PROGRAMS
Dealers have successfully reinsured vehicle service contracts and credit insurance for decades. Halo Automotive can now help you expand your company to accept aftermarket products such as Tire & Wheel, GAP, Anti-Theft, and others.
Benefits to reinsurance programs:
- 100% of underwriting profits and 100% of investment income.
- Creates an asset that you own. Not a retro or self-insured.
- Create a new company or reinsure our programs to an existing one.
- All programs are fully insured by a multi-million dollar “A”-rated A.M. Best Company.
Our reinsurance programs can help increase profits from the products you sell. Forming your own reinsurance company is an ideal way to boost profits without requiring a huge level of effort. Claims are administered by the ceding company. You will receive quarterly reports and annual financial statements to keep you up to date on all aspects of your reinsurance company’s performance.
RETRO PROGRAMS
Another way to participate in the business which dealer’s produce is through a Retro Program. Dealers are paid a portion of underwriting profits that exceed a threshold as business earns out. Payments are made directly to the dealership on the underwriting once a year.
DEALER OBLIGOR PROGRAMS
Establish your own service and maintenance programs and retain the premium. We offer flexibility to blend with a range of services and benefits in response to the changing market conditions and opportunities. We’ve simplified the process by providing all of the materials, documents and contractual liability, so you can focus on what’s important: your customers.
July 27, 2018
