STAMFORD. Conn. -

RVI Group late last week announced its new partnership with NxGen360 LLC, to launch and distribute insurance products into the automotive marketplace.

These products, beginning with Trade Value Protection and Market Value Protection, will offer benefits to dealers as they stock, trade and sell vehicle inventory, the company said, and limit risk for consumers in auto transactions.

RVI Chief Executive Officer Douglas May said, “Bringing new products to the automobile market which utilize our core underwriting and analytical methodologies when fully integrated with NxGen’s unique distribution, application development technology and administration capabilities will provide what I believe is a value proposition entirely new in the industry.”  

Richard Marzan, CEO of NxGen360, agreed: “The tailored solutions we are bringing to the automotive marketplace will add unique value and build customer loyalty. RVI’s expertise in insurance and forecasting residual values is unmatched and I am thrilled to collaborate with them to bring these products to market.”

RVI Group companies are providers of residual value insurance and analytical services to companies active in leasing, asset-based finance and related businesses.

NxGen360 delivers products, distribution and technology solutions for the automotive marketplace, and administrative services for the property and casualty insurance market.