Alset Insurance

Alset Insurance Announces Data Integration Partnership With COX Automotive’s Opentrack DMS APIS Benefiting Dealers and Customers

Alset Insurance Announces Data Integration Partnership With COX Automotive’s Opentrack DMS APIS Benefiting Dealers and Customers

Stamford, CT, July –, 2024 – Alset Insurance, LLC., an embedded digital-first platform that enables OEMs and dealerships to provide insurance policies directly to consumers, today announced a data integration with Cox Automotive’s Opentrack DMS APIs, the leading provider of solutions for managing dealership and F&I processes. This new data integration will provide benefits for mutual dealer customers of both Alset Insurance and Cox Automotive’s Dealertrack.

With Alset Insurance’s ap integrated with Cox’s Opentrack DMS API, dealers can provide customers a highly customized insurance policy in less than a minute. The new digital tool incorporates data collected by Dealertrack during the sales process and combines that with Alset Insurance-generated data about the customer’s driving record, prior insurance claims, other household vehicles and drivers, etc. The result is a near-instant insurance policy.
“For dealers, a policy in hand means they can complete the deal and move on to the next sale,” explained Matthew Edmonds, President and CEO of Alset Insurance. “For customers, it means getting competitively priced insurance on the spot without having to call their agent or shop around online.”
Multiple surveys have shown that about 80% of car buyers would prefer purchasing, financing and insuring to be an all-in-one customer experience.
In addition to providing customers a quote and insurance near instantaneously, dealers also benefit because the policies issued at the point of sale also require the use of in-house or approved collision repair and OEM parts.

About Alset Insurance, LLC

Alset Insurance, LLC, is a leading provider of white-labeled, turn-key, digital-first insurance programs designed for OEMs and dealerships to provide a seamless, real-time integrated insurance experience for customers at the point of sale. More information about the company and its products and services is available at
www.alsetinsurance.com

Rod Fox

Rod is the Managing Partner of F&S Ventures, a privately-held insurance investment firm he formed in 2008 with Jim Stanard, the former CEO of RenaissanceRe. Rod is also Executive Chairman of Howden Tiger. Howden Tiger is a global strategic reinsurance and capital advisory firm, working with a high-end group of insurers. Prior to Howden Tiger, Rod served as the Chief Executive Officer of Praetorian Financial Group where he led the re-structuring, re-branding, and successful sale of the $2B specialty property and casualty insurer to QBE of the Americas. Prior to PFG, Rod was the founder and Chief Executive Officer of Benfield Group’s US reinsurance platform. Rod holds the CPCU designation and is a graduate of Middlebury College and the Executive Risk Management Program at the Wharton School of the University of Pennsylvania.

Rod Fox

Chairman

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