Reinsurance’s impact on dealerships and power sports industry

In this episode, Steven Young, Senior Vice President and Wealth Advisor at UBS Wealth Management, and Thomas Burt, Senior Vice President–Investments at UBS discuss creating and managing a reinsurance strategy for enhanced wealth creation for the vehicle dealer industry – including trucks and autos, motor sports, water sports, power sports, and aircrafts. Effective use of reinsurance companies can provide better risk/loss management, cost savings on warranty exposure, asset accumulation, increase revenue, and tax efficiency for dealerships. As the market gets more challenging for vehicle sales, people may be holding on to vehicle longer. Having these kinds of options can protect customers and also have advantages for the owners of the companies. Win – win scenario! Give this podcast a listen to learn more about the benefits of reinsurance and how it can enhance your business.