Automotive Solutions
(Broker Models)
At Global Assurance, we specialize in the successful execution of portfolio management models and client projects across various industries, particularly in the automotive financial sector.
Target Segments:
Automotive finance companies
Automotive brands and manufacturers
Automotive dealership groups
Specific Business Models:
- Traditional Broker
- Manages insurance intermediation and provides the tech hub for program operations
- Intermediation revenues belong fully to the broker
- The broker conducts loss ratio analysis to ensure the competitiveness of the financial institution’s offering
- All licensing for intermediation and regulatory compliance is held by the broker
- Virtual Broker (TPO)
- Manages insurance and surety bond intermediation and provides the tech hub for program operations
- Intermediation revenues are shared with the client
- The broker conducts loss ratio and portfolio performance analysis in collaboration with the client to align with their strategic goals
- All licensing for intermediation and regulatory compliance is held by the broker
- In-House Broker (IHB)
- The client operates the intermediation process and develops or acquires the necessary tech hub
- All intermediation revenues go directly to the IHB
- The IHB handles loss ratio analysis, strategic planning, and negotiation with carriers
- Licensing for intermediation and regulatory compliance is managed by the IHB
Specialized Insurance Segments:
- Auto insurance programs for cash sales (dealerships)
- Auto insurance programs for financing (finance companies and dealerships)
- Floor plan and vehicle transport insurance programs
- Credit life insurance for borrower debt balances
Our Strategic Services
Specialized Consulting in Broker Business Models
- End-to-end advisory on the development of the optimal business model for each client
- Business Case development to assess project feasibility and define KPIs
- Comprehensive documentation of operational processes involving all stakeholders, including manufacturers, finance institutions, dealerships, insurers, etc.
Insurance Management and Intermediation
We have successfully implemented and managed all the aforementioned insurance intermediation models
Program Design Innovation for New and Pre-Owned Vehicles
Tech platforms that enable real-time quoting and policy issuance, plus complete administration of the policy lifecycle (renewals, payments, claims, endorsements, UDIs)
Communication Campaigns with a Focus on Prevention
Tailored newsletters and communication materials to promote risk prevention
Frequently Asked Questions
Through a tailored feasibility analysis, we identify the most suitable model for each type of client.
Since every client has unique needs, we conduct sessions to gather available data. This enables us to carry out either a general analysis or a highly detailed study with greater precision.
Once completed, the client receives:
- A 5-year (or longer) financial projection, based on the data provided
- A recommended broker model and tracking KPIs
- A high-level implementation roadmap
Yes, Global Assurance has dedicated consulting and implementation teams that support the entire process of executing the selected business model for each client.
Contact us
Tell us how we can help you, and one of our specialists will get in touch to create the best solution for you.