Partnership will speed up the F&I process, increasing efficiencies for retailers and streamlining digital and in-store experiences for consumers
NEW YORK and Pleasanton, Calif., Feb.10, 2022 - Assurant, Inc. (NYSE: AIZ), a global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases like automobiles and Tekion, innovator of the first and fastest cloud-native automotive SaaS platform, today announced an industry-first partnership to evolve and modernize the automotive F&I omni-channel sales experience.
Through this partnership, Assurant and Tekion will develop innovative integrations that will bring dynamic digital content merchandizing and actionable insights via big data and machine learning to auto dealers. Dealers will be able to present relevant protection products to every vehicle buyer during their purchase experience both online and in-store.
“Becoming the first F&I provider to partner with Tekion is part of our strategy to deliver digital solutions to our dealers,” said Martin Jenns, President of Assurant Global Automotive. “As the leading F&I provider in the industry, this partnership will forward the advancement of our digital efforts as we continue to innovate and improve the consumer experience - a vision we share with Tekion.”
“The automotive retail industry, including OEMs and retailers, look to Tekion for innovations that delight consumers while making retail operations more efficient,” said Amit Maheshwari, Senior Vice President of Business Development at Tekion. “We’re thrilled to enhance our integrations with Assurant’s F&I products and data insights into our Automotive Retail Cloud platform. Our software is highly configurable and fosters improved engagement which simplifies the dealer/consumer relationship and journey. This collaboration will undoubtedly deliver high value to retailers and consumers by modernizing and streamlining the sales process.”
Tekion’s Automotive Retail Cloud (ARC) is the first and fastest cloud-native platform including all functionalities of a DMS and accompanying tech stack to run a seamless retail business. Retailers who leverage both the Assurant and Tekion technologies will have access to the real-time integrations and data insights.
About Assurant Global Automotive
Assurant, Inc. (NYSE: AIZ) is a leading global solutions provider in the automobile industry for manufacturers, large group and independent dealers, agents, third-party administrators, financial institutions, insurance providers, and vehicle technology companies. Assurant Global Automotive helps drivers protect their vehicles and avoid costly repair. With over 50 years of industry experience, Assurant is trusted by and works with nine of the top ten global automotive manufacturers serving over 50 million consumers in 17 countries. Providing innovative solutions like vehicle service contracts, performance management and training, participation options, ancillary products, guaranteed asset protection, and more, Assurant Global Automotive helps clients grow and thrive.
Assurant, Inc. (NYSE: AIZ) is a leading global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world’s leading brands to develop innovative products and services and to deliver an enhanced customer experience. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; renters’ insurance and lender-placed homeowners insurance. The Assurant Foundation strengthens communities by supporting charitable partners that help protect where people live and can thrive, connect with local resources, inspire inclusion, and prepare leaders of the future.
Disrupting a 50-year reliance on aging Dealer Management System platforms, Tekion has challenged the paradigm with the first and fastest cloud-native automotive retail platform, Automotive Retail Cloud (ARC). This transformative dealership software platform uses cutting-edge technology, big data, machine learning, and AI to seamlessly bring together OEMs, retailers/dealers, and consumers. With its highly configurable integration and greater customer engagement capabilities, ARC is simplifying the dealer/consumer relationship and journey. Founded in the Silicon Valley, Tekion employs over 1,000 innovators globally. For more information, visit www.tekion.com
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