Founded in 2018, ASFALIS Inc is a cloud based global Insurtech Warranty as a Service (WaaS) provider specializing in the delivery of turnkey warranty services for Original Equipment Manufacturers (OEMs).
The ASFALIS WaaS platform provides a completely automated workflow designed to seamlessly support Product Performance Guarantee (PPG) management.
Utilizing the latest in AI technologies the ASFALIS WaaS platform is comprised of the following components: a registration app, a fully regulatory compliant data management platform, combined with integrated customer care, claims processing, claims adjudication and electronic payment systems.
What is a Product Performance Guarantee (PPG)?
A Product Performance Guarantee (PPG) is a specialized type of warranty which is offered by an OEM whereby if a product fails to adequately perform its intended task and a customer suffers a quantifiable loss as a result of this failure then the OEM provides compensation directly to the customer by way of a financial reimbursement up to a specified maximum benefit amount.
PPG Programs benefits:
Provides an unique sales proposition for OEM partners
Complements device insurance programs
Helps differentiate products
Widely accepted by end consumers
Increases retailer gross profit margin