Services
Everything your own reinsurance company needs, in one place
Design & formation
Your own reinsurance company
A dealer-owned reinsurance company is a separate company that you own. It takes on the claims risk of the products your store sells, so the underwriting profit stays with you instead of a third party. We build it around your store.
Program consulting & design
- Review of your current F&I volume, products, pricing and claims history
- A recommendation on the right structure for your volume and your state
- Plain-language economics: what goes to reserves, fees and claims, and what can come back to you
- Product design: coverage, terms, limits, rules and retail pricing tailored to your inventory
Formation & setup
- Formation of your own reinsurance company, one company per dealer
- Formation documents, governance and signers, coordinated for you
- Trust account setup: a reserve/trust account and an earned-premium account
- Onboarding to reporting and administration
Ongoing
Captive management
Once your company is running, we run it with you. You own the company and the results. We keep it in order.
What we take care of
- Books and records of your reinsurance company
- Preparation and filing of annual statements and renewals
- A compliance calendar: registrations, renewals, insurance and deadlines
- Monitoring of reserves, earned premium, claims and cancellations
- A quarterly portfolio report, reviewed with you
Product program consulting
Products & contract forms
Your company can reinsure the products your F&I team already sells. We help you choose and shape them, and get the paperwork right for each state.
Products
- Vehicle service contracts
- Tire & wheel protection
- Key / remote replacement
- Other ancillary products, such as prepaid maintenance, dent repair and windshield (availability varies by state)
Forms, systems & training
- State-specific contract forms and filings, coordinated for each market
- Forms loaded into your DMS or menu system
- Dealer price lists and point-of-sale materials
- F&I team training on your own products, plus customer brochures
Administration
Claims & contract administration
Your team shouldn’t spend its day on claims. We coordinate claims and contract administration through our partner administrator, and you see the reporting.
Handled for you
- Claims intake, repair-facility communication, inspections and authorization
- Contract registration, cancellations and refund calculations
- Customer and dealer support
- Claims paid electronically, with reporting available to you
Coordination
Vendor & professional coordination
A program involves insurance carriers, banks and trustees, administrators, software providers, attorneys and accountants. We coordinate all of them and keep every party moving to launch, and after it.
Who it’s for
Independent dealers who want the back end
Steady volume
Independent stores selling about 7 or more service contracts a month. Selling fewer? A profit-sharing program may fit better.
More income, same selling
Stores that want more back-end income without selling more contracts.
Control and ownership
Owners who want a say in coverage, pricing and claims, and a company they own.
Quantum Re is the consultant and captive manager. We are not an insurance company, and we are not the insurer or the obligor on your contracts. Your reinsurance company is owned by you.
Find out what your service contracts are really worth to you.
Book a 20-minute call with Andrei. We’ll look at your volume, your products and your state, and tell you plainly whether your own reinsurance company makes sense.