NORTH ANDOVER, Mass., April 8, 2024 /PRNewswire/ — TSD, the world's largest provider of auto lending and rental software, and Axle, the leading universal API for insurance data, have announced a strategic partnership to bring instant insurance verification to dealers and rental companies of automobiles throughout the United States.
This partnership will allow TSD's 16,000 rental customers and dealers to mitigate up to $40,000 of annual unrecovered losses faced by the average auto company or hundreds of hours spent on the phone verifying insurance due to lack of access to verified insurance information. Additionally, the Axle integration improves the customer experience by reducing the time they spend waiting for insurance to be verified and removing ambiguity about whether they are covered.
Through the scale of TSD, this partnership lays the foundation for improved risk management across the ecosystem, giving OEMs another way to protect assets across their entire dealership fleet. TSD's status as the exclusive provider of 18 OEM mobility programs will help ensure a smooth implementation due to the long-standing corporate relationships that already exist.
When asked about the axis, Shawn ConcannonTSD President, responded: “We have known the Axle team for years and, with feedback from our customers, we have worked to design a tailor-made insurance verification experience to reduce risk and costs for dealers and rental companies. of automobiles, while improving the customer experience.”
Both Axle and TSD share the mutual goal of minimizing liability to their clients. Insurance verification plays an important role. Thanks to Axle's instant connection, verification is not a hindrance but an improvement to the existing mobility process.
Armaan SikandAxle co-founder and COO, said: “Our partnership with TSD allows customers across the country to cut through the complexity of auto insurance and understand their coverage.”
About TSD
TSD designs and develops fleet mobility solutions for dealerships, automobile manufacturers, public automotive groups and rental companies around the world. Our solutions are used in 92 countries and six continents. Every day we help more than 16,000 dealers and 3,000 car rental companies improve their operations. Many of the metrics, operating patterns, and subsidy patterns used in the industry today were created by the TSD team. For more information on how to get started with TSD, contact sales@tsdweb.com or visit www.tsdweb.com.
About the shaft
Axle is “Plaid for Insurance”, a universal API for insurance data. With Axle, businesses can instantly verify insurance and monitor ongoing coverage, helping them reduce operating costs while creating a frictionless experience for users. Axle is backed by leading investors, including Google's AI-focused venture fund and Y Combinator, and angels from industry leaders such as Plaid and Cox Automotive. For more information please visit https://axle.insure.
SOURCE TSD
