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iA Financial’s (TSX:IAG) Dealer Services to partner with Hyundai and Genesis to provide protection programs

Finance
TSX:IAG
31 August 2022 14:06 (EDT)

iA Financial Group

iA Financial’s (IAG) iA Dealer Services division has been selected as new administrator of the Hyundai and Genesis Extended Protection Programs.

The Hyundai Motor Finance and Genesis Finance protection programs fully integrate all branded products. It includes extended warranties, replacement insurance, guaranteed asset and payment protection programs, and a full range of ancillary products.

The protection products are available to consumers at Hyundai dealerships and Genesis distributors across Canada. iA Dealer Services will administer these protection products beginning March 1, 2023. A lease-end protection product is also being released ahead of the broader program on October 1, 2022.

Gwen Gareau, Senior Vice-President at iA Dealer Services, commented on the news.

“We are delighted that Hyundai and Genesis Canada have placed their confidence in us. Hyundai and Genesis together are among the most dynamic and fast-growing brands in Canada. They are also very advanced in their electrical vehicle lineup and roadmap, which is in line with our vision of sustainable development. Together with HMF and GF, we will build the branded program and deliver greater dealer and customer value.”

iA Dealer Services distributes creditor insurance products (life, disability, loss of employment and critical illness) and property and casualty (P&C) products. P&C products include extended warranties, replacement warranties, guaranteed asset protection products, and a full range of ancillary products.

iA Financial Group is one of Canada’s most comprehensive insurance and wealth management groups, with operations in the United States. iA Financial Group is a business name and trademark of iA Financial Corporation Inc,

iA Financial Corporation Inc. (IAG) is down 0.11 per cent, trading at C$69.81 per share at 1:40 pm ET.


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