EFG Companies announced the launch of EFG Admin Solutions, a new platform for product providers and administrators serving the automotive and powersports industries.

The system was built to deliver faster time-to-market and expanded offerings while facilitating accelerated growth and entry into new markets, executives say, providing an “operational backbone” that leverages EFG’s expertise in claims administration, compliance and infrastructure and allows providers to focus on building partnerships.

“Launching a new product program requires significant investment across state and lender regulatory filings, underwriting, actuarial development and internal systems development — often costing tens to hundreds of thousands of dollars,” writes EFG COO Jay Hartmann. “EFG Admin Solutions removes that burden, giving clients a ready-to-deploy path to expand their offerings under their brand without the time, cost or operational complexity.”

Read more at EFG Companies