Companies Consolidate to Form iA American Warranty Group

Companies Consolidate to Form iA American Warranty Group

iA American leverages full-service F&I administration and an insurance company rated “A” to provide an exceptional client experience.

Innovative Aftermarket Systems (IAS), Southwest Reinsure, Inc. (SouthwestRe) and Dealers Assurance Company (DAC) are now iA American Warranty Group (iA American). iA American’s defining purpose is to provide an exceptional client experience to every agent, dealer and administrator partner by leveraging full-service F&I administration and an insurance company rated “A” by A.M. Best, the company said in a recent press release.  

“Although many companies have merged over the past few years, only a few have our scale and variety of products and services,” said Kristen Gruber, president of iA American Warranty Group. “With everything under one roof, we have the flexibility and control to offer any solution our clients could possibly need, and the industry experts to bring those solutions to market. Our vertical integration and scale make us a leader in the vehicle protection industry and provide us with an extremely strong platform to deliver a best-in-class client experience.”  

iA American also offers clients the services of its own insurance company, DAC. Licensed to write insurance in all 50 states and the District of Columbia, DAC is the financial backstop for most of the warranties iA American offers. Although an integral part of iA American, DAC will continue to operate independently under its own name.  

iA American is part of iA Financial Group, one of the largest insurance and wealth management groups in Canada. With assets of C$197.5 billion as of March 2021 and a history dating back to 1892, iA Financial Group is listed on the Toronto Stock Exchange under the ticker symbol IAG.  

You May Also Like

Credit Unions Show Optimism for 2024 Auto Finance Market

The “Future of Auto Finance” snapshot survey of credit union professionals, reports that credit union worries about liquidity, however, will continue into 2024.

According to Credit Union Leasing of America’s (CULA) recent “Future of Auto Finance” snapshot survey of credit union professionals, credit union worries about liquidity will continue into 2024, with 48% anticipating the liquidity crisis will last for another one to two years or more, and only 9% seeing signs of it abating. 

Krause Auto Group Acquires 3 Florida Dealerships

The dealerships have been renamed and bring the total number of dealerships under Krause Auto Group to 23.

FrogData Unveils AI-Connected Dealership Platform

The core of this innovation lies in FrogData’s unique data repository and the deployment of FrogAI, a series of AI models dedicated to solving distinct business problems within the automotive retail sector.

Solera, Covideo Join to Enhance Technology Integration for DealerSocket CRM

This improved integration provides mutual customers full access to Covideo’s suite of solutions from within the DealerSocket CRM without manually switching between applications.

Connected Dealer Services Unveils Real Odometer Mileage Reporting

The benefits of integrating true odometer readings are substantial. Dealerships can now time their service reminders perfectly, tailored to the actual use of each vehicle.

Other Posts

Cox Auto’s Car Buyer Journey Study Shows Satisfaction with Car Buying Improved

The rise in satisfaction can be attributed to several factors such as improved inventory levels, the return of discounting, and the further proliferation of an omnichannel approach to vehicle buying.

New eLEND Solutions Survey Underscores Challenges of Delivering Accurate Online Payment Quotes

Adding further challenge is the fact that over half of lenders and dealers report that payment terms are negotiated with the online customer before a lender decision.

Experian Unveils Tool to Help Dealers Mitigate Fraud Losses

Fraud Protect is a web-based application that helps automotive dealers detect and prevent fraud while maintaining a positive shopping experience for the consumer.

CUDL Kicks Off 30th Anniversary Celebrating $458 Billion Milestone

Through CUDL’s network of credit unions, auto dealers are able to offer buyers competitive rates and flexible terms.