Specialist managing general agent ADVA Underwriting, a Pro MGA Solutions Ltd appointed representative with offices in London and Kuala Lumpur, has partnered with Canadian firm WALKAWAY International Group to launch a ‘game-changing’ automobile insurance solution.
“WALKAWAY allows financed or leased customers the ability to return their car or have payments made if something unexpected happens such as job loss, disability, or self-employed bankruptcy,” noted ADVA co-founder Harj Sandhu.
“Recent consumer surveys in North America showed that 86% of consumers would like the option to return their car should a life-changing event occur. With consumers concerned about the state of the economy, we hope to provide the much needed confidence to the car market during these challenging times.”
In a release, ADVA said it will market WALKAWAY across Europe, Asia, and the Middle East to car distributors or dealerships, manufacturers, financial institutions, and insurance brokers.
“Using our technical expertise and experience,” added ADVA co-founder Dermot Reilly, “we provide localised bespoke underwriting and administration solutions for WALKAWAY and extended warranty products, in addition to a range of specialty and lifestyle protection affinity products. Our capacity providers allow us to offer innovative insurance and reinsurance solutions to the market.”
Meanwhile, also happy with the collaboration is WALKAWAY president and chief executive Robert Varga. He commented: “We are very pleased to partner with ADVA to expand the reach of WALKAWAY International Group Incorporated into key global markets.
“Delivering true value to consumers through high-quality debt protection is more relevant in today’s market than ever before, and we are grateful this approach is aligned with ADVA’s.”
