EFG Wealth Builder Portfolio Provides Guarantee to Offset Sales Volume Declines
Company Says Now is the Time for Dealers to Reassess Their Underwriting Profit Strategy
Retail automotive inventory availability has improved across the US, but total vehicle sales are still lower than in 2022 and 2023. While the
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924182991/en/
EFG Companies Wealth Builder Profit Participation Suite provides retail automotive dealership principals with a guaranteed set of tools to offset sales volume declines. (Graphic: Business Wire)
“Our clients are facing a gauntlet of issues impacting their ability to meet profitability goals,” said
Reinsurance suite rooted in profit
The often-murky reinsurance market can seem complex to even the most experienced dealer principal. EFG’s Wealth Builder Profit Participation Suite is the only reinsurance program backed by a nationally-award winning field engagement model, training, technology, and claims administration.
The following reinsurance options from EFG include premiums ceded as written (versus earned), plus a dedicated team of experts, compliance management, training, and incentives to increase revenue.
- Retrospective Commission Program
-
Controlled Foreign Corporation (CFC) -
Non-controlled
Foreign Corporation (NCFC) -
Power Controlled Foreign Corporation (Power CFC) -
Dealer-owned
Obligor Company (DOOC)
Managing risk with increased clarity
“EFG is more than just a product administrator or reinsurance provider,” said
Transparency in reporting is critical for a successful reinsurance portfolio. “We see a wide spectrum of reinsurance reporting packages,” said
With almost five decades of industry insight, EFG is a leader in creating and managing profit participation programs, based on the unique goals of each dealer owner and their reinsurance position.
About EFG Companies
For almost 50 years, EFG Companies has provided consumer protection programs for vehicles and residences across seven market channels. The company’s strategic intent is to build sustainable market differentiation and profitability for its clients and partners, including dealers, lenders, manufacturers, independent marketers, and agents. EFG’s award-winning engagement model is built upon the belief that the company serves as an extension of its clients’ management teams, providing ongoing F&I development, training, product development, compliance, and nationally recognized product administration with an ASE-certified claims team. Learn more about EFG at: www.efgcompanies.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924182991/en/
Source: EFG Companies
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