The Third-party Risk Management Company for the Extended Vehicle Warranty

In December 2017, LynxOn successfully won the bid for "PICC Third-party Risk Control Company for the Extended Warranty of Vehicles", becoming the TPA (Third Party Adminitrator) of PICC.

As a long-term partner of PICC,LynxOn has been adhering to the project-based and client-oriented concept, providing overall operation and risk control solutions for the projects of PICC and its branches and business departments.

As for the project of extended vehicle warranty, since the August of 2011, LynxOn has been exploring the development of extended vehicle warranty services with the Beijing Branch of PICC. It has also established cooperation on extended vehicle warranty project with Special Risk Business Department of PICC Beijing Branch.

Over the past six years, during the operation management of extended vehicle warranty services,LynxOn has accumulated extensive experience in project management, technical analysis, data mining, actuarial pricing, IT system development and so on.

The success of this bid affirmed LynxOn's capability of operation and risk management of extended vehicle warranty projects, and also put forward new requirements and challenges for LynxOn's project management in the future. As always, LynxOn will make joint effort with PICC to enlarge the extended vehicle warranty services, and to help PICC establish its own service model.