Victor Insurance has announced the launch of Victor Extended Warranty, a new service offering underwriting solutions for extended warranties. This initiative caters to insurers and reinsurers dealing with original equipment manufacturer (OEM) warranties for internal combustion engine (ICE) and electric vehicles, as well as motorbikes, scooters, light commercial vehicles (LCVs), vans, trucks, and tire protection.
The introduction of Victor Extended Warranty aims to meet the growing demand for reliable warranty solutions amid evolving consumer expectations driven by technological advancements. The service includes developing and annually reviewing underwriting and claims management services using data-driven insights throughout the product life cycle. It builds upon Victor’s existing auto-related insurance offerings, such as the Auto Dealers program from Victor Insurance Italy.
In conjunction with this launch, Sunjay Patel has been appointed Managing Director of the Victor Extended Warranty team. Patel will oversee management and strategy with support from a global team experienced in extended warranty services. He brings 25 years of industry experience, including 14 years at White Oak Underwriting Agency Limited.
Patel commented: “By providing tailored warranty underwriting and claims expertise, and utilizing strong data and analytics to support Victor Extended Warranty, our insurer and reinsurer partners around the world are well-positioned to deliver exceptional value to their clients. I look forward to working with the talented team at Victor to address the increasingly complex needs of consumers in an era of rapid technological advancement.”
Victor Insurance is recognized as a leading managing general underwriter globally. It manages over $4 billion in premiums through more than 20,000 active agents and brokers across several countries including the US, Canada, UK, Netherlands, Italy, Germany, and Australia. The company offers diverse insurance solutions covering specialty property and casualty insurance to group benefits.
For more information on their offerings or history spanning over 65 years in addressing risk in new areas visit www.victorinsurance.com.