Dealer Participation Programs:
The Protective Asset Protection Division offers dealers an additional opportunity to increase their bottom line. Dealers may elect to participate in either a retro program or enter into a reinsurance relationship.
A retro program allows a dealer to participate in the underwriting profits of a given product on the business he writes. Typically, the percentage of shared profits will increase as the dealer’s volume of business increases. A reinsurance arrangement allows the participating dealer to assume the exposure in full for the underwriting performance of his book of business. This provides the dealer an opportunity to participate in the underwriting profit and loss as well as receiving the investment income on the reserves held to pay claims. Most products are available for a retro and reinsurance program.
The benefits of these programs include potential opportunities for increased profits in addition to the up-front commission. Our representatives and agents can provide you with valuable resources to help you determine which option is best suited for your dealership.