Noticias

AYAX presented on Wednesday, February 14 its new GAP Protected Insurance within the Conference organized by Lloyd's, "Innovation and Specialization. Solution for brokers" held on the occasion of the Insurance Week. 

This product is part of one of the business classes in which AYAX is the leader: Extension of Guarantees and Affinity Products. 

GAP Protected has been designed by AYAX in three modalities: GAP Finance, GAP car to car and GAP Money Back.

The operation of the product is very simple and is a perfect complement to the current auto insurance policies that are commercialized in the market. Each of its modalities works in the following way:

- GAP Finance: It is designed to cover the possible gap that may exist between the amount owed to the financial institution and the amount that the insured receives for the value of his vehicle in the event of a total loss, fire or theft of the vehicle. Through this AYAX GAP policy the insured will receive this difference in value and will not have to assume any extraordinary outlay.

- GAP Car to Car: It is a product designed especially for those customers who in case of total loss of their vehicle wish to continue using a vehicle with similar characteristics to the one they had before the accident, without having to face any additional payment. In this case AYAX will offer a list of possible vehicles that adapt to the needs of the client and he will decide the one that most interests him, all without any cost for the client.

- GAP Money Back: Similar to the GAP Car to Car mode, but in this case the original purchase invoice value will be credited to the customer.

AYAX initially offers this coverage for cars, motorcycles, vans and trucks. Extendibel up to a maximum of five years, is also valid for new or used vehicles with a maximum of 10 years.

The main distribution channels in which this product can be marketed are: Vehicle manufacturers, dealers, financial institutions and brokers / insurance brokerages.

The CEO of AYAX, José Luis Muñoz Robles, who presented the product at the conference, stressed that "It is a product with high value for the customer, which provides an important differentiation to the distributors and is part of the creation strategy of new products for 2018, through which AYAX intends to become a benchmark of specialist products in the Spanish insurance sector ".