reinsurance<\/a> is a critical component of dealership profitability and long-term wealth creation for the dealer principal. It can impact everything from decisions around the overall customer experience, to strategies around key management retention and succession planning.\u00a0 Reinsurance allows dealers to capture up to 100 percent of the F&I product underwriting profits, which can impact overall dealership profitability by close to 50 percent. What is surprising is the lack of clarity and misconceptions about reinsurance among dealers, and the massive financial opportunity that many leave on the table.\u201d<\/p>\n\u201cThis effort illustrates our ongoing commitment to ensure that Northwood students receive the benefit of the most relevant and thought-provoking retail automotive curriculum available,\u201d said Keith Pretty, President and CEO of Northwood University. \u201cWe have a large alumni dealer base across the U.S., and they communicated to us the need to educate and prepare students in the realm of reinsurance as it plays a bigger and bigger role in their businesses, and in their personal wealth planning.\u00a0 Our partner, EFG, brings the ability to both instruct our students, as well as provide invaluable insight from their daily practical application on such a significant scale.\u201d<\/p>\n
Along with this reinsurance course, EFG and Northwood University will continue to host thought-leadership forums, develop specialized continuing education programs, conduct joint industry research and cross-publish content. In addition, EFG has partnered with Northwood University and the National Association of Minority Automobile Dealers to establish an annual, private donor scholarship to fund the four-year tuition of a minority student attending the Automotive Marketing and Management Program at the university.\u00a0 In July, EFG will be leading a reinsurance session for dealers attending the NAMAD annual national convention in Miami, Florida.<\/p>\n","protected":false},"excerpt":{"rendered":"
Students learn dealer reinsurance strategies around wealth creation, family trust planning and business expansion EFG Companies, the innovator behind the award-winning Hyundai Assurance program, \u00a0taught Northwood University\u2019s inaugural reinsurance class […]<\/p>\n","protected":false},"author":1,"featured_media":802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[164],"tags":[242,317,245,241,69,313,315,109,17,212,240,244,243,239,196,185],"class_list":["post-800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","tag-cfc","tag-compliance","tag-consumer-credit-compliance-specialist","tag-controlled-foreign-corporations","tag-efg","tag-efg-companies","tag-fi","tag-fi-products","tag-john-pappanastos","tag-karen-klees","tag-keith-pretty","tag-ncfc","tag-non-controlled-foreign-corporations","tag-northwood","tag-northwood-university","tag-reinsurance"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/efgintelligence.com\/dealershipcorridor\/wp-content\/uploads\/sites\/2\/2015\/04\/Northwood-Class-Release.jpg?fit=756%2C250&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7hsqu-cU","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/comments?post=800"}],"version-history":[{"count":2,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/800\/revisions"}],"predecessor-version":[{"id":980,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/800\/revisions\/980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media\/802"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media?parent=800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/categories?post=800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/tags?post=800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}