Co-founders, Dermot Reilly and Harj Sandhu today announced the partnership between ADVA Underwriting (ADVA) and WALKAWAY International Group Inc. (WALKAWAY) launching ADVA, in collaboration with its partners, as a major disruptor in the automobile insurance market.

ADVA’s launch of the WALKAWAY insurance solution is a game changer for the way consumers will want to finance a vehicle going forward.

The COVID-19 crisis has added a new layer of complexity to an already challenging economic downturn with the automobile industry being one of the hardest hit. WALKAWAY provides smart, sustainable financing that aligns with the realities of the next normal.

Sandhu said, “WALKAWAY allows financed or leased customers the ability to return their car or have payments made if something unexpected happens such as job loss, disability or self employed bankruptcy. Recent consumer surveys in North America showed that 86% of consumers would like the option to return their car should a life changing event occur. With consumers concerned about the state of the economy, we hope to provide the much needed confidence to the car market during these challenging times”.

Robert Varga, President and CEO of WALKAWAY commented, “We are very pleased to partner with ADVA to expand the reach of WALKAWAY International Group Incorporated into key global markets. Delivering true value to consumers through high-quality debt protection is more relevant in today’s market than ever before, and we are grateful this approach is aligned with ADVA’s”.

“Using our technical expertise and experience, we provide localised bespoke underwriting and administration solutions for WALKAWAY and extended warranty products, in addition to a range of specialty and lifestyle protection affinity products. Our capacity providers allow us to offer innovative insurance and reinsurance solutions to the market,” said Reilly.

In collaboration with its partners, ADVA will market WALKAWAY across Europe, Asia and the Middle East to car distributors, manufacturers, financial institutions, car dealerships and insurance brokers.

About ADVA Underwriting:

ADVA Underwriting is a specialist MGA backed by A-rated insurers and reinsurers focusing on Extended Warranty across all products as well as Specialty, Affinity and Lifestyle protection products. We provide third party policy and claims administration via our web-based system for policy and claims management.

We maintain offices in London and Kuala Lumpur from which we provide insurance and reinsurance solutions across Europe, Asia, and the Middle East and Americas.

ADVA Underwriting is an appointed representative of Pro MGA Solutions Ltd, a company incorporated in England & Wales (No: 10575665), a Lloyd’s Approved Coverholder and is authorised and regulated by the Financial Conduct Authority.

ADVA Underwriting is the trading name of ADVA Specialty Limited, incorporated in England & Wales (No: 12490563).

About WALKAWAY International Group Inc.:

WALKAWAY International Group Inc. is a Canadian company and the owner of all worldwide right, title and interest in WALKAWAY products and services. Launched in 1999, WALKAWAY was the first-ever vehicle return programme designed to protect consumers from unexpected life events. For more information, please visit: www.insuranceinsight.ca.

About Pro.MS:

Pro MGA Solutions (Pro.MS), which is authorised and regulated by the UK Financial Conduct Authority under reference 770419, is an independent MGA incubator platform providing an entrepreneurial environment for ambitious underwriters who want to make a difference. Its USP is applying innovation with focus on delivering tailored support solutions to each MGA client, through shared purpose and aligned business goals.

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We are delighted to formally announce that ADVA Specialty, part of ADVA Group is fully approved as an FCA firm. We have created ADVA Risk Partners Ltd as an Appointed Representative of ADVA Specialty. We have established ADVA Risk Partners to diversify the Group’s insurance and reinsurance offering to include traditional property and casualty lines of insurance.

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2104, 2021

ADVA Underwriting announces major collaboration

Co-founders, Dermot Reilly and Harj Sandhu today announced the partnership between ADVA Underwriting (ADVA) and WALKAWAY International Group Inc. (WALKAWAY) launching ADVA, in collaboration with its partners, as a major disruptor in the automobile insurance market.

Co-founders, Dermot Reilly and Harj Sandhu today announced the partnership between ADVA Underwriting (ADVA) and WALKAWAY International Group Inc. (WALKAWAY) launching ADVA, in collaboration with its partners, as a major disruptor in the automobile insurance market.

ADVA’s launch of the WALKAWAY insurance solution is a game changer for the way consumers will want to finance a vehicle going forward.

The COVID-19 crisis has added a new layer of complexity to an already challenging economic downturn with the automobile industry being one of the hardest hit. WALKAWAY provides smart, sustainable financing that aligns with the realities of the next normal.

Sandhu said, “WALKAWAY allows financed or leased customers the ability to return their car or have payments made if something unexpected happens such as job loss, disability or self employed bankruptcy. Recent consumer surveys in North America showed that 86% of consumers would like the option to return their car should a life changing event occur. With consumers concerned about the state of the economy, we hope to provide the much needed confidence to the car market during these challenging times”.

Robert Varga, President and CEO of WALKAWAY commented, “We are very pleased to partner with ADVA to expand the reach of WALKAWAY International Group Incorporated into key global markets. Delivering true value to consumers through high-quality debt protection is more relevant in today’s market than ever before, and we are grateful this approach is aligned with ADVA’s”.

“Using our technical expertise and experience, we provide localised bespoke underwriting and administration solutions for WALKAWAY and extended warranty products, in addition to a range of specialty and lifestyle protection affinity products. Our capacity providers allow us to offer innovative insurance and reinsurance solutions to the market,” said Reilly.

In collaboration with its partners, ADVA will market WALKAWAY across Europe, Asia and the Middle East to car distributors, manufacturers, financial institutions, car dealerships and insurance brokers.

About ADVA Underwriting:

ADVA Underwriting is a specialist MGA backed by A-rated insurers and reinsurers focusing on Extended Warranty across all products as well as Specialty, Affinity and Lifestyle protection products. We provide third party policy and claims administration via our web-based system for policy and claims management.

We maintain offices in London and Kuala Lumpur from which we provide insurance and reinsurance solutions across Europe, Asia, and the Middle East and Americas.

ADVA Underwriting is an appointed representative of Pro MGA Solutions Ltd, a company incorporated in England & Wales (No: 10575665), a Lloyd’s Approved Coverholder and is authorised and regulated by the Financial Conduct Authority.

ADVA Underwriting is the trading name of ADVA Specialty Limited, incorporated in England & Wales (No: 12490563).

About WALKAWAY International Group Inc.:

WALKAWAY International Group Inc. is a Canadian company and the owner of all worldwide right, title and interest in WALKAWAY products and services. Launched in 1999, WALKAWAY was the first-ever vehicle return programme designed to protect consumers from unexpected life events. For more information, please visit: www.insuranceinsight.ca.

About Pro.MS:

Pro MGA Solutions (Pro.MS), which is authorised and regulated by the UK Financial Conduct Authority under reference 770419, is an independent MGA incubator platform providing an entrepreneurial environment for ambitious underwriters who want to make a difference. Its USP is applying innovation with focus on delivering tailored support solutions to each MGA client, through shared purpose and aligned business goals.

Recent Articles
1504, 2024

The new home for entreprenerial underwriters

We are delighted to formally announce that ADVA Specialty, part of ADVA Group is fully approved as an FCA firm. We have created ADVA Risk Partners Ltd as an Appointed Representative of ADVA Specialty. We have established ADVA Risk Partners to diversify the Group’s insurance and reinsurance offering to include traditional property and casualty lines of insurance.

112, 2021

ADVA Underwriting announces new European office

ADVA Underwriting is a specialist MGA focusing on Extended Warranty across all products and Specialty, Affinity and Lifestyle protection products. We provide third party policy and claims administration via our web-based system for policy and claims management.

2104, 2021

ADVA Underwriting announces major collaboration

Co-founders, Dermot Reilly and Harj Sandhu today announced the partnership between ADVA Underwriting (ADVA) and WALKAWAY International Group Inc. (WALKAWAY) launching ADVA, in collaboration with its partners, as a major disruptor in the automobile insurance market.