Alset Insurance

Alset Insurance integrates with Tekion to Bring Seamless Connectivity to the Automotive Ecosystem​

Alset Insurance Integrates with Tekion to Bring Seamless Connectivity to the Automotive Ecosystem

API integration makes data sharing more efficient for technology partners serving dealers and OEMs.

Stamford, CT., Aug. 26, 2024 –  Alset Insurance, LLC., an embedded digital-first platform that enables OEMs and dealerships to provide insurance policies directly to consumers, today announced an integration with Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, to enhance collaboration and drive seamless connectivity for the automotive industry. This partnership aims to deliver benefits to auto dealers and their customers via Tekion’s Automotive Partner Cloud (APC), enhancing efficiency and ecosystem support for dealerships.

Through this partnership with Tekion, dealers can now connect Alset Insurance with Tekion’s Automotive Retail Cloud (ARC), seamlessly, in real-time, making data sharing faster and easier than ever. Alset Insurance’s embedded digital-first platform enables OEMs and dealerships to provide insurance policies directly to consumers. Alset Insurance enables dealers to provide customers a highly customized insurance policy in less than a minute.

“With Alset Insurance’s integration with Tekion, dealers can provide their customers fast, seamless service,” said Matthew Edmonds, President and CEO of Alset Insurance. “Customers drive off the lot with a competitively priced policy, rather than having to shop around. Meanwhile, the dealer is free to concentrate on the next deal.”

Alset Insurance is a leading provider of white-labeled, turn-key, digital-first insurance programs for OEMs and dealerships. Tekion’s 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. Through the ARC platform, Tekion APC brings together approved and certified partners to focus on driving innovation and efficiency through seamless connectivity, ultimately benefiting automotive consumers. The Alset Insurance/Tekion integration, enables staff efficiency, streamlines processes and improves consumer experience.

About Alset Insurance

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.

Media Contact, Ansi Vallens, Signals & Strategies, [email protected]

About Tekion

Positively disrupting an industry that has not seen disruption in over 50 years, Tekion has challenged the paradigm with the first and fastest cloud-native automotive platform that includes the revolutionary Automotive Retail Cloud (ARC) for retailers, Automotive Enterprise Cloud (AEC) for manufacturers and other large automotive enterprises and Automotive Partner Cloud (APC) for technology and industry partners. Tekion connects the entire spectrum of the automotive retail ecosystem through one seamless platform. The transformative 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, Tekion is enabling the best automotive retail experiences ever. For more information, visit www.tekion.com.

Media Contact, Tekion: Marylou Hastert [email protected]

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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