OEM Warranty Risk Inc., offers Warranty Services world-wide under a fully insured OEM Warranty Program for electronic equipment to its clients to help curve the national trend of increasing claim payouts and decreasing premium revenues. Services that OEM Warranty Risk Inc., offers under the warranty umbrella include Loss Management, Expense Recovery and Claims Administration.
Loss Management and preventing ordinary losses is central to the insurance industry and is of prime financial importance given that payouts on claims have exceeded premium revenues for nearly two decades. OEM Warranty Risk Inc., offers proper help desk administration that reduces the overall claims paid by providing a higher level of service that lowers insurance and manufacturer losses.
Expense Recovery is vital to corporations to ensure aftermarket support programs are funded by the original purchase and are cost-effective throughout the life of the product. OEM Warranty Risk Inc., can identify revenue opportunities with customers and clients to increase margins that can be built into an administration program. The revenues received through increased margins can be applied to reduce the financial impact of administration and aftermarket support programs.
Claims Administration requires a high number of personnel thus creating high overhead and additional costs. OEM Warranty Risk manages the entire claims administration process. OEMs, Service Providers, Dealers, and Merchants all submit claims for repair services to the insurance company. These claims are then validated and qualified by OEM Warranty Risk for payment. By allowing OEM Warranty Risk Inc., to handle the claims administration for your company, your overhead is lowered, thus increasing profit margins.
