The group’s launch of the Walkaway insurance solution will aim to change the way consumers want to finance a vehicle going forward and incorporate Walkaway’s “smart, sustainable financing”.
Harj Sandhu, co-founder, Adva Underwriting, said, “Walkaway allows financed or leased customers the ability to return their car or have payments made if something unexpected happens such as job loss, disability or self employed bankruptcy.
“With consumers concerned about the state of the economy, we hope to provide the much needed confidence to the car market during these challenging times.”
In collaboration with its partners, Adva will market Walkaway across Europe, Asia and the Middle East to car distributors, manufacturers, financial institutions, car dealerships and insurance brokers.
Robert Varga, president and CEO of Walkaway, added: “We are very pleased to partner with Adva to expand the reach of Walkaway International Group Incorporated into key global markets.
“Delivering true value to consumers through high-quality debt protection is more relevant in today’s market than ever before, and we are grateful this approach is aligned with Adva’s.”