Warranty Solutions for Manufacturers
Zurich North America warranty specialists work with original equipment manufacturers (OEMs) to structure risk transfer solutions – ranging from fully insured programs to captive insurance strategies – for manufacturers with warranty liabilities. Zurich North America absorbs the risk of the warranty, while helping optimize the OEM accounting, regulatory, insurance and financial consequences. The program covers virtually any product or component-based warranty.
OEM warranties for free product service, replacement or repair must be carried forward on the manufacturer's balance sheet, but it can be difficult to determine the costs of these open liabilities. Zurich brings predictability to warranty administration costs, which may help manufacturers minimize earnings volatility and strengthen their balance sheets. They recognize customers will look to their financial advisers to help determine where their product can benefit their business.
Warranty Solutions for Manufacturers can also provide warranty program administration, through GE-Zurich Warranty Management, Inc., a joint venture between Zurich North America and GE Warranty Management. This service provides streamlined customer service to OEM customers, including access to state-of-the-art call centers, preferred provider networks for high-quality repairs and extensive database management services.
Zurich North America , 1400 American Lane, Schaumburg, IL 60196. Tel: 800-382-2150 ; Fax: 847-605-6767.