EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced that Texas Professional Insurance Agents (PIA) has selected EFG as its consumer protection products partner to drive greater revenue for its insurance agents.
With the difficulties of keeping up with increased pricing pressures and expanding competition, Texas PIA recognized the need to support member agents with alternative product offerings to expand their business.
In this effort, the association selected the Simplicity Division of EFG Companies to provide members with three differentiating products:
Simplicity Home Protection which protects customers from the unanticipated costs of home ownership by covering household systems and appliances;
Simplicity Vehicle Protection offers a wide variety of vehicle service contract plans that cover a large majority of the customer’s automotive repairs needs; and,
Simplicity Repair Protection Plans negotiate vehicle repair costs on behalf of the agent’s customer for late model and high mileage vehicles.
"In our mission to provide meaningful support to our member insurance agents, addressing agent profitability has been a major priority in recent years," said Joe Tipton, Executive Director, Texas PIA. "EFG demonstrated the immediate business impact of adding new revenue streams through its Simplicity Protection product line."
As part of the partnership, EFG’s Simplicity Protection Division will provide the technology, training, marketing and sales support to ensure successful implementation. Texas PIA members will also have the security and the ability to profit from the fact that EFG’s products are backed by the company’s national award-winning claims administration.
"There is still opportunity for independent agents to make 2015 a banner year," said Mark Rappaport, President, Simplicity Division of EFG Companies. "Today’s consumers are much more wary of economic turbulence and are aggressively pursuing opportunities to protect their largest investments, their home and vehicle. This provides agents the opportunity to significantly grow their business."