Sym-Tech Dealer Services & AMT Warranty, a Subsidiary of AmTrust Financial Services, Announce Partnership that Provides the Canadian Market with Enhanced Services and Product Offerings

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Sym‐Tech Dealer Services (the “Company” or “Sym‐Tech”) announced today that AmTrust Financial Services, Inc. (NASDAQ: AFSI), through its subsidiary AMT Warranty, has partnered with Sym‐Tech through a minority investment in the Company.

AMT Warranty Corp

AMT Warranty, AMT Service Corp, AMT Warranty Corp, Amtrust Warranty

“We are very pleased that AMT Warranty chose to partner with Sym‐Tech,” said Brad Wells, CEO of Sym‐Tech Dealer Services. “AMT Warranty’s automotive expertise as well as their underwriting, OEM, insurance and reinsurance knowledge and experience will allow for an expanded offering of F&I products and services for clients in Canada.”

Sym‐Tech drives improved business office performance. A full suite of F&I products, industry‐proven training and in‐dealership development, as well as F&I menu and proprietary technology, combine to drive dealer performance and profitability.

Sym‐Tech’s 40 year history of serving Canadian dealers, combined with AMT Warranty’s extensive insurance services and solid financial backing, create a unique partnership that provides Canadian OEMs, auto dealers and automotive dealer groups with one of the most comprehensive offerings available. The full suite of solutions includes:

  • A complete line of F&I products and programs
  • Training and in‐dealership development
  • Proprietary F&I technology
  • Expertise in underwriting, actuary, insurance and re‐insurance services

“AMT Warranty has experienced tremendous success in the United States and we look forward to extending our success to the Canadian marketplace through a long‐term relationship with Sym‐Tech,” said Sean Stapleton, President and CEO of AMT Warranty. “Sym‐Tech has a solid reputation, one of the best F&I software platforms in the industry, extensive knowledge of the market and significant experience. Importantly, Sym‐Tech’s vision, values and strengths are strongly aligned with AmTrust.”

About AMT Warranty

AMT Warranty Corporation, a wholly owned subsidiary of AmTrust Financial Services, Inc. (NASDAQ: AFSI), provides finance and insurance products to automobile, RV/trailer, marine and power sports retailers, manufacturers and financial institutions. AMT Warranty offers innovative F&I products, program development and customer support. With over 25 million active contracts, AMT Warranty has a reputation for providing highly scalable and financially successful programs. By incorporating extensive industry knowledge, customized program options and a customer centric approach to service, AMT Warranty has become the leading provider of F&I products in the aftermarket industry.

About SymTech Dealer Services Inc.

Founded in 1971, Sym‐Tech Dealer Services Inc. is a leading Canadian F&I provider to the retail automotive industry. Sym‐Tech is a performance‐driven company with the mandate to help improve business office performance. Sym‐Tech offers F&I products, industry‐proven training and in‐dealership development, as well as F&I menu and a proprietary software platform (d.a.v.e®) which drive dealer performance and profitability.

For more information about AMT Warranty Corp feel free to visit: – https://amtrustgroup.com/warranty-special-risk/extended-warranty-administration

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Top 10 Reasons to Purchase an Extended Service Plan

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AMT Warranty,  AMT Service Corp,  AMT Warranty Corp,  Amtrust Warranty

AMT Warranty, AMT Service Corp, AMT Warranty Corp, Amtrust Warranty

Extended warranty service plan is AMT Warranty‘s program that provides customers with the highest level of coverage. They can be set up to protect new electronic products against most, if not all, potential malfunctions or failures, including those that are not covered by the product’s original equipment manufacturer (OEM) warranty.

  1. Allows customers to prepare for the unexpected and possibly avoid having to pay for any large, unforeseen repair bills.
  2. Convenient, efficient and stress free, it takes away anxiety consumers might have should something go wrong with their purchase.
  3. Affordable and costs a fraction of what one might typically pay for a new replacement.
  4. Saves time as customers no longer have to search for a repair company to fix their damaged merchandise.
  5. If a covered product is not repairable, it could be replaced with a new model.
  6. Consumer products have become more complex and contain more electronics than they did just 10 years ago, which makes an extended service contract even more valuable to have.
  7. As a value-added benefit, numerous service contracts provide toll-free call center support for immediate help with in-home repair and questions about covered products.
  8. Some OEM warranties offer limited protection, which can be supplemented with an extended service contract once the warranty expires.
  9. Electronic products have become more mobile over the years, which mean that they can be more susceptible to accidental damage from typical everyday use.
  10. Many service plans offer on-site repair for added convenience.

For more consumer tips and information regarding extended warranties and vehicle service contracts, be sure to visit: http://amtwarranty.jimdo.com/amt-warranty-blog/amt-warranty-corp-offer/

AMT Warranty,  AMT Service Corp,  AMT Warranty Corp,  Amtrust Warranty

AMT Warranty, AMT Service Corp, AMT Warranty Corp, Amtrust Warranty

AmTrust 2014 hurricane season commercial lines binding limitations

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Hurricane_2a

August 1 marked two months into a relatively calm 2014 hurricane season; however, with the potential for increased activity it’s important to be aware of our commercial lines binding limitations during hurricane season ending November 30.

An agent’s authority to bind or increase coverage for wind storm, flood or extended coverage is suspended when the eye of a hurricane is reported by the National Weather Service (NWS) to be within 600 miles of the state in which a property is located.  This limitation applies to all property located within 200 miles of the coast, and does not apply to workers’ compensation coverage. 

In order for any new policy, binder or endorsement to be accepted by our companies, your request must be postmarked or uploaded before the eye of the hurricane is reported by the NWS to be within 600 miles of the state in which a property is located.  After this cutoff time, we will not be responsible for new coverage written.
During the moratorium period, you may process business scheduled for renewal, but you cannot increase limits beyond that required for the annual values update or where the expiring policy provides automatic increases, and you may not reduce deductibles.

Coverages impacted during the moratorium include all Property, Inland Marine, Personal Auto Physical Damage and Commercial Auto Physical Damage coverage.

Click here to view the official announcement distributed in May.

Resource; http://www.amtwarranty.com/

AMT Warranty Corp one stop for all Business Intelligence needs

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Generally, mathematical algorithms along with statistical techniques joined with software tools are expected in the process of data mining. The actual output is the easy to use software that’s further utilized by non-mathematicians to effectively evaluate the data. The process of data mining is required in a variety of applications for example analyzing buyer characteristics, market exploration, direct marketing, genetics, text assessment, scams determination, e-commerce industry, designing warranty products, financial solutions, customer management etc.

Role of data mining with business intelligence in accordance to AMT Warranty Corp

However, business intelligence is usually a expansive arena of decision making. Business intelligence makes use of data mining as one of the most well known tools to make the info a lot more appropriate in a number of applications. The particular data mining will be coupled with business intelligence and is utilized in text mining, relational databases, audio data mining etc. to really make the information helpful for future functions.

These days, business intelligence has arrived up as a solution encouraging corporations reach their set goals of profit optimisation. It is no longer just a smart support program. Due to the fact, managers are necessary to take a variety of crucial decisions every day in an organization hence reasonable along with timely conclusions are mandatory. Companies have got to concentrate on consumers along with opponents features as well along with focusing on available scenarios.

To gather the material from numerous methods, data mining can be clubbed with business intelligence to meet those needs. Business intelligence continues to be established as an best solution in enterprises supporting 1000’s achieve the goals of profit optimisation. Business intelligence presents host of advantages in planning warranty products in an business.

Cutting down costs in agencies

In most cases, executives are required to retrieve information through various sources as to why the company outcomes of several certain months are low. It consumes lots of time and cost. However, with BI methods, information is fetched through multiple sources along with aids professionals evaluate the effects. It decreases the actual expenses since buying BI option would be all one group needs. Besides this, BI remedies in addition cut down the intake of time. To put it differently, extracting data right away is an efficient remedy in order to lower your expenses in addition to increase performance of the firm.

AMT Warranty – Eliminating Low-quality products

BI remedies support executives know about the ineffective products ingesting cost by data mining and eliminate those at once. The key performance indicators or KPIs are measured and thus, inferior products are wiped out.

Examine the efficiency of promotion programs together with AMT Service Corp

BI remedies assists with liberating an assessment report with the marketing strategies by acquiring data of sales, expense, consumers, products along with return. It will help supervisors keep track of the actual programs that were powerful in past and could be implemented once again, if necessary.

Consider opponents, broaden market share the Amtrust Warranty method

The most crucial of any company is to understand about the particular competitor’s capability. As a result, BI solutions help the professionals evaluate competition list and put together a checklist of potential clients. It helps in computing sales, customers, accounts of promotion campaigns, hence helping administrators with growing strategies.

The usage of business intelligence and data mining has significantly aided companies in designing efficient processes to broaden the enterprise. It’s been bringing out wise along with quick ways to assist businesses substantially. Even though every large or small scale company is deploying efficient BI options but there are lots of such evaluations envisioned in years to come.

For more details visit here – http://amt-warranty.blogspot.in/

Article Source – http://www.slideshare.net/amtwarranty/amt-service-corp-leaders-in-data-mining-29464408

Benefits of AMT Warranty for Different Markets and Industries

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With the variety of programs offered, AMT Warranty Corp can assist many different markets and industries with their extended service and warranty needs. From a retailer that sells consumer electronics to a manufacturer of power tools, AMT has the expertise to help grow and enhance customer services for the specific business.

Here is how AMT warranty works with different markets to accomplish profitable goals:

For Manufacturers – As a top warranty provider, AMT Warranty has the ability to administer original equipment manufacturers’ (OEM) warranties by providing:

In-bound calls
Triage services
Claims adjudication
Service dispatch Service fulfillment
Service Center Network Management
Outsource insurance liability
Aftermarket initiatives including ESPs, surveys, quality assurance and much more

For Distributors – An ideal solution for distributors is AMT’s Protect-it card, a turnkey extended service plan that offers product protection from the date of purchase. This can offer programs for distributors to sell in-store, as well as offer to vendors to sell to their consumers.

For Retailers – Retailers need simple and convenient extended service plans to keep their business profitable and their customers happy. AMT can provide retailers with customized plans to suit their specific needs or with the Protect-it card program as a simple alternative to traditional warranties.

There are various types of warranty plans for different types of business. AMT Warranty takes a hands-on approach to assist you in this decision by evaluating your business and making recommendations that match your company goals.

Different types of warranty plans for different business types are as follows:

Replacement plans – These plans cover the replacement of lower-priced new products and become active after the expiration of the manufacturers’ warranty. This replacement can be fulfilled by a physical replacement, gift certificate, voucher or co-payable check and will cover replacement of the product with one of equal or greater quality. Replacement plans are best suited for purchases such as cell phones, digital cameras and lower-cost consumer electronics.

Repair plans – These plans become active after the expiration of the manufacturer’s warranty, but generally cover repairs throughout the duration of the contract. LCD televisions and laptops that depend on advanced technology require pricey repairs, making them the perfect fit for repair plans. On-site repair plans are also available for products that are not easily portable, allowing the customer to have the product serviced without hassle.

Accidental Damage from Handling (ADH) plans – ADH plans operate in conjunction with the manufacturer’s warranty starting on the date of purchase (DOP) and cover areas not qualified by the OEM. Products used on a daily basis such as MP3 players, PDAs and laptops are excellent choices for ADH coverage. Unlike standard repair plans, ADH plans cover replacement or repair of products that have accidentally been damaged from typical everyday use.

There are many other features & benefits of AMT warranty. Regardless of your involvement, working with AMT will always be beneficial for you in many ways, which are as follows:

A robust national service center network.
Depot services.
Utilization of web-based application for tracking all aspects of programs.
Personalized marketing materials and sales training.
Full disclosure of information regarding clients’ ESP programs including sales, claims and profitability.

For more details visit here – http://www.pinterest.com/amtrustwarranty/amt-service-corp/

AMT Service Corp Present the Extended Service Plans

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AMT Warranty Corp  has the extended service plan agreements at which customers find the highest possible standard of products safety against future breakdowns of their brand-new purchase – beyond the product’s original OEM warranty. Having AMT Service Corp, end users may get help with the company’s formulated unique programs to satisfy your individual business needs. The organization demonstrates how extended service plans deliver value to you and your customers.

AMT Service Corp extended service plans can be written to incorporate the following elements:

Replacement and Repair Programs

1- to 4-Year Extended Conditions

Upgrades: Accidental Impairment, On-site Services, Express Assistance (Laptops/Notebooks)

Retail outlet, Catalog and Online Delivery Support

Simplified Program Formation and Setup Methods

Extended service plans undoubtedly are a profitable venture for outlets, marketers and manufacturers.

AMT Warranty provides for the underwriting or handles the administration of ESPs, or if you opt for, they will deal with both.

Source For This Article – http://www.amtwarranty.com/products/Extended-Service-Plans.aspx

Related Post –  AMT Warranty Provide Products for the purpose of Business Needs