Tile and Axiom Announce Exclusive Partnership to Protect Drivers from Losing Their Car Keys

September 20, 2016

New RevKey program pairs a traditional automotive protection product with the world’s most advanced smart location technology

St. Louis, MOTile Inc, the Silicon Valley-­based smart location company, and Axiom Product Administration, LLC™, an automotive finance and insurance (F&I) product company, have signed an exclusive distribution partnership to help protect motorists from the stress and expense of losing their car keys. The Revolution Key Protection program, or RevKey, will combine a new protection product by Axiom along with a technology device and smartphone app designed and built by Tile.

Automotive key fobs are expensive electronic devices — essentially, tiny computers — that can cost hundreds of dollars to replace. Most drivers are unaware that their auto insurance policies do not cover the loss of key fobs and they are caught by surprise when they are forced to cover the expense themselves.

Axiom and Tile have worked together to design a solution that solves this pain point. Tile’s Bluetooth tracker will attach to a driver’s key fob to help locate misplaced keys. If the keys end up lost, stolen or quit working, Axiom will provide up to $1,000 to cover the cost of replacing the key fob and Tile device.

“Keys are one of the most frequently lost items in a person’s everyday life, and key fobs for modern cars are incredibly expensive to replace,” said Scott Shillington, VP of Sales and Business Development at Tile. “We are happy to work with Axiom to provide drivers with increased peace of mind.”

RevKey is currently available through auto dealership F&I departments nationwide and in most cases, will be sold at the point of purchase as a one, three, or five-­year policy. Customers will be provided with a new Tile each year. Each dealership promoting the RevKey program can customize the Tile fob with a brand/logo, giving the dealership 24/7 brand exposure. Dealerships interested in offering Revolution Key Protection should contact Axiom at 844-­252-­0937 or salessupport@axiomadmin.com.

“Our mission is to offer F&I products that resonate with today’s automotive consumer and to create a unique and modern user experience,” explains Michael Reth, President/CEO of Axiom, “Revolution Key Protection sets the benchmark very high by combining a traditional F&I protection product with the awesome technology features of Tile.”

Revolution Key Protection featuring Tile Technology includes up to $5000 in additional benefits, such as Emergency Roadside Assistance, Additional Lost Key Benefit (home, office), Transportation Benefits and Trip Interruption. Learn more at revkeyprotect.com, follow us @revkeyprotect #revkeyprotect #dudewheresmykeys.

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About Tile

Tile gives everything the power of smart location. Tile’s devices, network and mobile app work together to help people locate the things that matter to them most. Tile’s global community spans 200 countries and territories and helps people locate more than half a million items every day. The Tile Smart Location Platform makes it possible for other companies to embed location into their own products. The company is based in San Mateo, CA and backed by Bessemer Venture Partners, GGV Capital and Khosla Ventures. Tile is a top seller in retail stores and is sold online around the world. For more information please visit TheTileApp.com.

About Axiom

Axiom Product Administration has modernized the F&I automotive space by fusing new products with interactive technology for both the dealer and the customer. Our programs are backed by national, A-­rated insurance carriers and in many cases can be reinsured. Each Axiom product features COVI: Connected Owner Vehicle Intelligence, a customer engagement platform (mycoviapp.com). Connect with us at 844.252.0937, axiomadmin.com or follow us: @axiomproducts.

Axiom Product Administration and Spencer Re Announce Strategic Dealer Reinsurance Partnership

April 8, 2016

St. Louis, MO – Axiom Product Administration, LLC™ (Axiom) a revolutionary, new product administration and technology company delivering dealer-focused, F&I and retention programs to the automotive industry, has agreed to a strategic partnership with Spencer Re, the first international insurer formed in Puerto Rico with a primary focus on products sold by automobile dealers.

Reinsurance and profit participation continue to be an area of importance for Axiom when developing F&I and retention products, supporting Axiom’s objective to increase revenue streams at all levels of a dealership. Uniting efforts with Spencer Re solidifies Axiom’s ability to offer clients a traditional and/or customized NCFC reinsurance approach, providing dealerships with the opportunity to maximize F&I product revenues.

“Reinsurance strategy is a large part of our value proposition to dealers and agents.  We are always looking for cutting edge, and feature-rich solutions to compliment our product, technology and service offerings,” explains Michael J. Reth, Axiom President/CEO, “We feel Spencer Re offers a great Non-Controlled Foreign Corporation (NCFC) product and service offering for large volume product producers looking to maximize their reinsurance returns.  Additionally, their team is made up of subject matter experts with deep acumen in the craft of reinsurance management. We look forward to working with Spencer Re and their team of reinsurance and investment professionals.”

“As we look to continuously improve our reinsurance offering to dealers and agents, we seek to partner with administrators who are thought leaders and whose product and service offerings are unique and state of the art,” adds Tina Youngblood, Chair and CEO of Spencer Re. “Michael and his team have not only developed a technology that is first class, but they have modernized the product from beginning to end, making their value proposition attractive to dealers and agents and aligned with ours. ”

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About Spencer Re

Spencer Re is the first international insurer domiciled in Puerto Rico and has Swiss Tax residency. Spencer offers its shareholders unique benefits that other NCFCs are unable to offer such as potential exemption from U.S. imposed Federal Excise Tax, qualified dividends without redemption, multiple structure options to meet specific needs and a simple, straight-forward fee structure. Contact us at 787-725-4039 or spencerre.com

About Axiom

Axiom’s mission is to fuse together innovative F&I and retention programs with interactive technology for both the dealer and the consumer. Our programs are backed by national, A-rated insurance carriers and in many cases can be reinsured. Start redefining your F&I experience with Axiom.

Connect with us at 844.252.0937, or follow us:@axiomproducts

Gaining Momentum: Axiom Adds Thomas P. Abraham as VP of National Sales

March 4, 2016

About Thomas P. Abraham

33 years of automotive industry related experience. 19 years retail franchise automobile business experience in Sales, F&I Management, Sales Management and General Management. 8 years experience in the independent agent channel as an Account Manager. 5 years experience as a Third Party Insurance Administrator Sr. Account Executive. Contact Tom at 636.389.5013 or tabraham@axiomadmin.com.

About Axiom

Axiom’s mission is to fuse together innovative F&I and retention programs with interactive technology for both the dealer and the consumer. Our programs are backed by national, A-rated insurance carriers and in many cases can be reinsured. Start redefining your F&I experience with Axiom.

Connect with us at 844.252.0937, www.axiomadmin.com, or follow us: @axiomproducts

Axiom Generates ROI Results by Fusing Technology and Nationwide Automotive Retention Programs

August 6, 2015

St. Louis, MO- Axiom Product Administration, LLC™ (Axiom) is a revolutionary, new product administration and technology company launching a national line of dealer-focused, loyalty and automotive retention programs. The first of its kind, Axiom’s mission is to fuse customer-facing communication technology and interactive dealer ROI reporting tools with our automotive retention programs, including: prepaid/free maintenance, service loyalty rewards, trade-in-loyalty, North American certified pre-owned programs, lifetime warranties, double your OEM warranties, appearance bundles, Pre-owned Promise™, and many more feature rich automotive programs. Our programs solve two key dealership problems: 1) how to separate and sell more vehicles in a crowded, over-advertised market, and more importantly, 2) how to keep today’s well-informed consumer, after the point of sale, engaged and eager to return within the first 30 months of ownership.

Axiom was established by industry veterans and F&I product experts with over four decades of combined dealer-focused product experience, “With our first phase of products, we are on a mission to disrupt the more traditional, outdated ways of doing business in the automotive loyalty and retention space,” explains Michael J. Reth, President and CEO, “We built Axiom to fix the current and impending business problems in the automotive product industry, to modernize the product fulfillment process and to openly address consumer transparency concerns.”

Whether a dealer is focused on the 120 million millennial buyers entering the market or ROI based revenue, Axiom is committed to helping manage retention revenue and profits. Our actionable solution equation is simple: technology fused with product, equals automotive business Intelligence that every dealer can tangibly see, at every level within a dealership (sales, service and F&I).

“We believe in giving our clients a wide range of integrated products that all originate from one reliable provider. We want our products to become an essential part of a dealership’s DNA,” adds Mr. Reth. Over the next 12 months Axiom will be releasing new products and programs at every level of the consumer automotive transaction.

If you are a dealership or auto group, or if your business is focused on serving the auto dealer industry such as, advertising and CRM specialists, OEMs and distributors, independent agents or financial institutions, Axiom can enhance your service/product offering with one of our solutions.

ABOUT AXIOM: Axiom is a next generation, dealer-focused product provider delivering nationwide loyalty and retention solutions to the automotive industry. Axiom designs and administers all products and programs in-house. Our programs are backed by national, A-rated insurance carriers and in many cases can be reinsured.

Connect with us at 844.252.0937, www.axiomadmin.com, or follow us: @axiomproducts