NEW YORK — AmTrust Financial Services Inc. announced a new partnership with PCMI Corp., a provider of integrated software solutions for the administration of F&I products, service contracts, and extended warranties.
Through the agreement, AmTrust will implement PCMI’s Policy Claim and Reporting Solutions for reinsurance module, which will provide AmTrust clients with an easy-to-use, robust reporting solution for their reinsurance businesses. The online solution will allow access to information and reports, which will be generated much faster than the manual methods currently used, according to the announcement.
“Most automobile dealers have reinsurance programs, which they view as significant profit centers for their businesses. This technology supports these important reinsurance programs by providing dealers with a comprehensive tool that will let them see the results of their reinsurance business, as well as providing relevant information that will help manage and maximize profitability,” said Jackie Banks, vice president of reinsurance for AmTrust’s Specialty Risk Division. “The compilation and calculation of information can often take time and at AmTrust we are continually looking for ways to use technology to improve processes and ultimately risk management.”
“Dealers today expect to have immediate and transparent access to key financial data from their providers. Amtrust’s adoption of our PCRS platform highlights their commitment to supporting dealers. PCRS allows dealers to monitor their portfolios and track key performance information to maximize their profitability. We look forward to our relationship with Amtrust,” added Mark Nagelvoort, president and CEO of PCMI Corp.