Building Blocks to Success: The Warrantech Advantage

By: Jeff Hatch

September 12, 2017

When choosing a provider for your extended service plan (ESP) program, it’s important to consider someone with the ability to adapt quickly to your company’s unique needs. The market moves fast and your ESP administrator has to be able to keep up in order to meet the growing and fluctuating demands of your business.

One of Warrantech’s core strengths is the scalability of our infrastructure. Rapid expansion capability is a hallmark of our business and woven into the very fabric of our company. As your needs change, our modular approach allows you to make changes to your program in order to reach your goals and, most importantly, maintain superior customer service and financial stability. 


Flexibility

Customized to grow with your needs

Program incubation and growth strategies

Complete training and support solutions


Transparency

Real-time program performance

Monetization of product performance data 

Pricing and underwriting data sharing


Scalability

State-of-the-art infrastructure and technologies 

Profit sharing / reinsurance / alternative risk transfer

Modular solutions


Dedication

Dedicated staffing model

Segregated data/systems

Creation of dedicated obligor company for your business


Execution

Industry expertise 

Proven implementation and project management expertise

Focused, entrepreneurial and accountable philosophy 


Financial Stability

A 2017 Fortune 500 company

Rated “A” (Excellent) by A.M. Best Company for financial strength and stability

Ranked 45 on Fortune magazine’s “Fastest-Growing Companies” list

Named Forbes’ “2014 Best-Managed Company (Insurance)”

To learn more about our customized extended service plan programs, visit warrantech.com or call 800.833.8801.

Filed Under: dedication, financial, flexibility, stability, transparency, Warrantech

Our Financial Strength Is Your Peace Of Mind

By: Jeff Hatch

June 19, 2017

An extended service plan is a smart move. It confirms that you do indeed have a specific idea of how your products will be used and a reliable backup plan should anything go wrong. But in addition to giving time and thought to the type of coverage you’re interested in, it makes just as much sense to consider the company who will be backing your contract.  
With more than 30 years of leadership in service contract administration, Warrantech is comprised of industry veterans who average more than 23 years of experience in program evaluation and design. This wellspring of knowledge provides us with vast insight and enables our team to uncover hidden growth opportunities and structure programs that offer a high-value proposition for our partners and their customers. 

Warrantech is also a subsidiary of The Amynta Group, one of the strongest, most financially secure insurance companies in the industry. With an unwavering focus on your success, we go out of our way to deliver unparalleled service excellence in all that we do. 

A.M. Best rating of “A” (Excellent)

Named to the 2017 Fortune 500 list

Ranked 63rd on Fortune Magazine’s Fastest Growing Companies 

Named “2014 Best-Managed Company (Insurance)” by Forbes magazine 

Recognized as the most “warranty-centric” company in the industry by Warranty Week

Ranked 6th nationwide in National Association of Insurance Commissioners (NAIC) March 2014 workers’ comp market share report

A+ rated and accredited by the Better Business Bureau

Publicly traded (NASDAQ: AFSI)

More than $23.9 billion in assets

Multinational operations with offices worldwide

Having this financial strength allows us to bundle both underwriting and administration. And, as a result, it creates complete transparency and visibility to information that enables our customers to change and create plans that are both highly customized and profitable.

So whether you’re a customer, retailer, dealer, distributor, or manufacturer in the consumer or automotive market, Warrantech has a knowledgeable team that can provide a customized solution that will work specifically for you. And, just as important, offer you the financial stability to back it up so you can rest assured that you’re getting the best plan possible.

For more information, visit www.warrantech.com or call 800.833.8801.

Filed Under: best, financial, forbes, fortune, stability, Warrantech

Top 10 Reasons To Select AmTrust

By: Jeff Hatch

October 19, 2015

Warrantech is a subsidiary of AmTrust, one of the strongest and most financially stable companies in the industry. AmTrust brings this financial strength to Warrantech, which allows us to offer customizable plans and benefits that most competitors simply cannot provide. 
 
1. Financial Strength and Stability – Publicly traded on the NASDAQ (AFSI) with more than $6.1 billion in gross written premium and over $15 billion in assets, with an A.M. Best rating of "A" (Excellent), Financial Size “XIII.”
 
2. Multi-State Capability – Workers’ comp written in over 40 states, and all lines of insurance written in more than 30 states.
 
3. Flexible Payment Plans – Installment plans, AmTrust AutoPay (direct debit) and Pay-As-You-Owe® (PAYO®) provide seamless premium payments, saving time and money.
 
4. Superior Claims Handling – 24/7 claims reporting with live assistance, and seasoned claims professionals with assigned case loads well below the industry average.
 
5. Exceptional Loss Control – Representatives located nationwide to conduct safety inspections, site evaluations and loss prevention training.
 
6. User-Friendly Submission System – Easy-to-use, web-based system provides policy, endorsement and loss history at your fingertips, and allows you to submit and chat online with your underwriter about a submitted risk.
 
7. Competitive LCM Rate Structure – We are continuously evaluating and adjusting our LCMs to reflect our loss experience and competitive environment.
 
8. Competitive Agency Commission – Our commission rates generally range from 9%-20% based upon the product written.
 
9. Expanding P&C Product Offering – We are continuously evaluating the market and our agents’ needs to deliver new coverages from Workers’ Comp to Commercial Package and a wide variety of niche products.
 
10. Satisfying Customer Service – Exceptional service is the mantra at AmTrust, delivered by our field marketing representatives, regional underwriters and centralized customer service professionals.

Filed Under: customer, financial, services, stability, strength, Warrantech