Protective Closes on AUL Acquisition, Adds Complementary Product Portfolio to Its Asset Protection Division
Birmingham, AL – Protective Life Corporation, a wholly owned U.S. subsidiary of Dai‑ichi Life Holdings, Inc. (TSE:8750), is proud to announce that its principal subsidiary, Protective Life Insurance Company, completed the acquisition of leading automotive finance and insurance provider AUL Corp. (“AUL”).
Protective Asset Protection Extends Relationship with RumbleOn Inc. to Further Extend F&I Offerings Throughout the Powersports Industry
Protective Asset Protection, a leading provider of F&I programs and services, announced today it has signed a national agreement with RumbleOn, Inc (RMBL), the nation’s first technology-based omnichannel powersports platform. As part of the deal, Protective Asset Protection will offer a full suite of F&I products to RumbleOn customers, along with expanded training and support to RumbleOn retailers.
Protective Life to Acquire Leading Automotive Finance & Insurance Provider AUL, Adding Complementary Portfolio to Asset Protection Division
, a wholly owned U.S. subsidiary of Holdings, Inc. (TSE:8750), announced today that its principal subsidiary, Protective Life Insurance Company (“Protective Life”), has entered into an agreement to acquire leading automotive finance and insurance provider AUL Corp.
AM Best Affirms Credit Ratings of Protective Property & Casualty Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Protective Property & Casualty Insurance Company (Protective P&C) (St. Louis, MO). The outlook of these Credit Ratings (ratings) is stable.
Protective Closes Transaction to Acquire Revolos, Adds Complementary Product Portfolio to Asset Protection Division
Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today it completed the transaction to acquire the Revolos family of companies. The transaction was announced on September 25, 2020.
Protective to Acquire Revolos, Adding Complementary Product Portfolio to Asset Protection Division
Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced it has reached an agreement to acquire the Revolos family of companies.
Protective Asset Protection Industry Survey Shows How COVID-19 Has Opened Up More Online F&I Product Options
Protective commissioned an online survey of nearly 400 automotive dealership executives and found that the COVID-19 pandemic forced many dealers to quickly implement digital retailing options, resulting in a majority of respondents saying they’re now offering F&I product selection and pricing online as a result of the COVID-19 pandemic.
Protective Asset Protection Expands Dealer F&I Training Curriculum With Several New Webinars Available
In a recent survey of dealers around the country, Protective found that roughly half (49%) said F&I product sales translate well to the digital or online car shopping process for customers. To help dealers elevate their success selling F&I products to customers, Protective created the following training webinars and educational materials, which can be accessed here:
Protective Reduces Production Requirements for Dealers on Retrospective Programs
Beginning with the second quarter interest payment, the production requirements in all Retro programs will be reduced twenty-five percent (25%). In addition, the year-end production requirement will also be reduced. This reduction will be applied...
Online Dealer Training Institute Available During COVID-19 Pandemic
The Protective Asset Protecetion library of professional development training courses are now available to all dealership personnel and agents. This curriculum can be used to help industry professionals sharpen their skills during the COVID-19 pandemic and containment efforts.
Protective Enhances XtraRide
Protective Asset Protection, a provider of F&I programs and services announced new enhancements for its XtraRide RV Service Contract Program. These enhancements represent improvements that strengthen Protective’s service contract program for the RV industry, including updates to coverage, eligibility, rates, terms and program collateral.
Dealers see Bottom-line Benefits Thorough F&I Product Portfolio Review
Moody’s believes “the COVID-19 recession is over,” automotive dealers of every size should be taking this time to review every aspect of their business to ensure maximum readiness for when the economy truly turns positive again.
Is F&I Being Left Out of the Digital Retailing Process?
As more dealers incorporate F&I product options and education earlier in the process, the greater the chance to include F&I products in the final transaction through a less adversarial environment.