Canna Group LLC announces Revolutionary Medical Cannabis/CBD Supplemental Insurance Coverage

Get High Risk Payment Processing Solutions

The nation’s first health plan that focuses on reducing medicinal and recreational users the cost associated with: *Medical Cannabis (THC) *Cannabidiol (CBD)

COLUMBUS, US, UNITED STATES, October 29, 2020 / — The founders of Canna Group LLC, a company that specializes in electronic payment solutions for all high-risk businesses, including CBD and MMJ, have teamed up with Novus Medplan in order to offer the nation’s first health plan that focuses on reducing medicinal and recreational users the cost associated with: *Medical Cannabis (THC) *Cannabidiol (CBD) *Dental *Vision *Telehealth, with *Delivery!

Company spokesperson and Founder Sami Spiezio, "stated we are proud to partner with such an innovative company as is Novus, and look forward to providing a service to help benefit those in need".

Both medical and recreational cannabis users can expect to pay 30 percent to 40 percent less for products under the Novus MedPlan, Spiezio said. The company offers CBD and THC plans, and recreational users are signing on to receive savings, he added. Members are also buying more products at a time.
This revolutionary plan supplements existing medical insurance policies, filling the gaps where traditional plans do not provide coverage. Unlike most health insurance, you have no copays, no lengthy paperwork, no deductibles, and everyone is approved in the Novus Cannabis MedPlan network. Let our experts guide you and, in many cases, get your employer to pay.

Save Money On All Your Cannabis Meds

If you spend $100 or more per month on your cannabis meds, you can expect savings of $1,200 per year or greater with the Novus Cannabis MedPlan.
As Low As $24.95 Per Month

Novus Cannabis MedPlan is the first nationwide, supplemental plan that includes THC plans, and/or CBD plans in your health plan. Also, we include cannabis with telemedicine, dental, vision, hearing and more. No copays, no deductibles, no long-term contracts and immediate approval in the Novus MedPlan network and Novus Chairman and CEO Frank Labrozzi said the program has value not only for patients, but also for dispensaries and cultivators.

How Does Cannabis MedPlan Work?

Our in-network dispensaries you get a preferred rate that is applied to cannabis meds purchase. Pre-existing conditions, not a problem, we will accept you. Cannabis is effective in many chronic conditions. Our plans are compliant and, in many cases, it can be reimbursed from the HRA or your employer.
Novus’ CBD plans are available nationwide, while the THC plan is currently only offered where legal programs exist in Washington, Oregon, California, Arizona, Colorado, Nevada, Michigan and New York, Spiezio said. Services are offered in the United States and Canada.
About Canna Group LLC:

At Canna Group LLC, merchants will find a committed team of experts ready to help their business succeed by giving them the ability to accept credit cards – no matter what business they are in. They are leaders in the field and have been helping merchants improve sales and customer satisfaction since 1992. Canna Group LLC offers Domestic Payment Processing Solutions for the hardest to place merchants, and their merchants really appreciate that they do. This includes all major card brands for even harder to place merchants such as CBD and MMJ related industries. Canna Group also offers banking opportunities for ALL hard to bank merchant’s For more information, please visit

About Novus:
Novus Acquisition & Development Corp. (NDEV), through its subsidiary WCIG Insurance, provides health insurance and related insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has developed its infrastructure within many lines of the insurance business such as, health, property & casualty, life, accident and fixed annuities. Novus began in 2015 and works strictly on the state level, but hopes to grow when cannabis becomes federally legal. Novus is a California-based insurance company, and California’s insurance regulations are recognized as being particularly stringent, many states allow Novus to replicate California’s model, if it uses approved benefit packages.

Sami Spiezio
Canna Group LLC
+1 614-400-5909
email us here
Visit us on social media:

Source: EIN Presswire

Any Which Way the Wind Blows in Georgia

nursing home in Dougherty County, Georgia has property damage from Hurricane Michael

Property damage at nursing home in Dougherty County, Georgia

Hurricane Michael causes property damage to nursing home in Albany, Georgia

ALBANY, GA, USA, October 29, 2020 / — On October 11th, 2018, Hurricane Michael impacted Dougherty County, Georgia. What was the first Category 4 hurricane to hit the US mainland in over a century slowly progressed through Florida into George, where it became a Category 3 by the time it reached the city of Albany. The wind damage was more severe than the damage sustained in Hurricane Irma from a year previous, with wind gusts reaching over speeds of a hundred miles per hour. Many trees had been knocked down along with several businesses losing their facades and an abundance of road debris. The hurricane damage was so bad that residents were asked to stay inside. More than ninety percent of Albany’s Utilities Authority’s customers (24,000+ people) woke up Thursday morning with no power.

In the path of the storm was our client, a nursing home. Wind-blown debris brought on extensive roof damage along with exterior property damage to the siding, gutters, and HVAC units. This region has a history of property damage going back as far as 1845, so for the residents of the area getting used to property damage has become routine. What is also routine is how our client’s insurer responded to the commercial business insurance claim.

Insurance Policies Versus State laws

Some insurance companies are allowed by the state to have shorter deadlines than the state’s law allows if the parties involved can agree. Georgia’s laws have a general two-year statute of limitations, but per our client's insurance policy they were only allowed one year to file a lawsuit.
Thirteen days after the one-year limitations period, the insurance company sent our client a claim determination letter stating they had completed their review and determined there was no coverage. Later, we filed suit on behalf of our client. The insurance company responded with a motion to dismiss – claiming we filed suit more than a year after the date of loss. Our response to the court was that we did not have the right to sue until after the determination letter was received by our client and therefore excused from the one-year statute of limitation and the court should disregard the one-year statute of limitations.

September 30th of this year, the court dismissed the motion to dismiss citing case law, that if the insurance company continues to adjust the claim with the insured and indicates the insurance company is continuing its investigation then the insured is excused from the one-year statute of limitations.

Professional Property Insurance Lawyers

If your commercial business or homeowner insurance provider has denied, delayed, or underpaid your insurance claim, then we can help. The experienced attorneys at Chad T. Wilson Law Firm have represented more than a thousand clients in cases against insurance companies. Our property insurance lawyers aggressively protect the rights of insurance policyholders. Our consultations are free, and you owe us nothing until your case is won. Contact us today to see how we can help.

Chris Flynn
Chad T. Wilson Law Firm
+1 832-415-1432
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Source: EIN Presswire

Senior Justice Law Firm Welcomes New Partner Avery Adcock

Nursing Home Abuse Lawyer Avery Adcock Joins Senior Justice Law Firm

Nursing Home Abuse Lawyer Avery Adcock Joins Senior Justice Law Firm

Senior Justice Law Firm - Nursing Home Abuse Lawyers

Senior Justice Law Firm is pleased to announce that Attorney Avery Adcock has joined as a Partner in their Washington D.C., Maryland, and Virginia offices.

Avery has established herself as a passionate advocate for improving the quality of care in nursing homes around the country. She shares our commitment to ensuring that our clients receive justice.”

— Michael Brevda


Senior Justice Law Firm Welcomes New Partner Avery Adcock

[Washington, D.C., October 26, 2020] — Senior Justice Law Firm is pleased to announce that Avery Adcock has joined as a partner in their Washington D.C., Maryland, and Virginia offices.

Avery brings a wealth of knowledge and expertise from years of representing victims of nursing home abuse and neglect. “Avery has established herself as a passionate advocate for improving the quality of care in nursing homes around the country. She shares our commitment to ensuring that our clients’ voices are heard and that they receive the justice they deserve,” said Michael Brevda, Senior Justice Law Firm Managing Partner.

Avery currently serves on the Board of Governors for the District of Columbia and Virginia Trial Lawyers Associations. Before joining Senior Justice Law Firm, she worked in the nursing home litigation department of a prominent plaintiff’s personal injury law firm, litigating cases against nursing homes and assisted living facilities in Virginia, Maryland, and Washington D.C.

A Northern Virginia native, Avery is licensed to practice in Washington D.C., Maryland, Virginia, West Virginia, and Alabama. She has successfully recovered millions of dollars for her clients and their families.

Senior Justice Law Firm focuses on litigating nursing home abuse and neglect cases across the country. Their attorneys have helped thousands of families achieve justice for their loved ones who have suffered serious injuries or death inside long-term care facilities.

For more information on Senior Justice Law Firm:
Phone: 888-375-9998
PR Contact:

Senior Justice Law Firm
+1 561-418-3712
email us here
Media Inquiries
Visit us on social media:

Senior Justice Law Firm – Washington DC Nursing Home Abuse Cases

Source: EIN Presswire

StrongLink Wins 150PB Data Management Project for the German Climate Computing Center (DKRZ)

StrongLink software logo, now with optional LTFS support.

StrongLink by StrongBox Data Solutions

StrongLink will enable DKRZ to automate 120PB per year of HPC workflows plus the migration of 150PB from its legacy HPSS system to LTFS.

As DKRZ will increase its supercomputing power, their data needs continue to grow to advance cutting edge climate science research. We are thrilled to assist in this important work.”

— Floyd Christofferson, CEO of StrongBox Data Solutions

PORTLAND, OREGON, UNITED STATES, October 29, 2020 / — StrongBox Data Solutions (SBDS), the leading provider of autonomous large scale data management and archive solutions, announced today it was awarded a five-year contract to implement a new data management system for DKRZ, to expand the Center’s critical climate science research data services. The project will be driven by SBDS’s flagship StrongLink software, and will replace the existing HPSS HSM with a new system based upon open standard LTFS and S3, providing researchers with seamless access to 150PB of legacy research data. In addition, StrongLink will also automate multi-tier storage workflows, virtualizing flash, disk, and LTFS tape to support at least 120PB per year of new HPC research data flows.

Leveraging StrongLink’s powerful metadata-driven workflow engines, the new system will enable DKRZ to maintain daily production access to all data, even after the HPSS system has been decommissioned. Users will continue to access data as before, with StrongLink presenting a global normalized view of all data across all storage types.

"This new system will enable DKRZ to expand and modernize essential data services to our research community, while also seamlessly transitioning to a new open-standard platform that can grow as we do." said Prof. Thomas Ludwig, CEO at DKRZ. “This will provide a solid foundation to ensure researchers have on-going access to the critical data needed for climate modeling and improved climate projections.”

StrongLink will be deployed in a scale-out architecture to prioritize 120PB per year in frontside production workflows between existing Tier-0 HPC storage and the new multi-tier system. To do this, StrongLink’s metadata-driven workflow engines will virtualize 1PB of new high-performance Tier-1 cache, and the five legacy Tier-2 tape libraries, automating both day-to-day tiering operations plus the background HPSS-to-LTFS migration of 150PB of existing data. In all, tape IO will be parallelized across 90 tape drives in the five libraries with together more than 75.000 media slots.

“StrongLink was designed to provide customers like DKRZ with a vendor-neutral platform that could seamlessly automate data management and high speed data movement across otherwise incompatible storage types at any scale,” said Floyd Christofferson, CEO of StrongBox Data Solutions. “As DKRZ will increase its supercomputing power, their data needs continue to grow to advance cutting edge climate science research. We are thrilled to assist in this important work.”

The installation, configuration and project management for the new DKRZ data management system will be provided by Cristie Data GmbH, with headquarters in Niedernberg, Germany. Cristie Data will also provide integration services for all of the hardware needed for the project, including servers for StrongLink software, 1PB of Tier-1 storage, and all networking and other components.

About DKRZ
The German Climate Computing Center (Deutsches Klimarechenzentrum, DKRZ) is a central national service facility for climate and earth system research. Its high-performance computers, data storage and services form the central research infrastructure for simulation-based climate science in Germany. The data management system is one of the largest in the world.
DKRZ provides its resources (computing time, hard-drive storage and archive capacity, consultancy and visualizations) free of charge. Any scientists conducting research in the field of climate and earth system science in Germany, and requiring HPC resources for their work may apply for resources at DKRZ.
DKRZ Media Contacts:
Michael Böttinger | DKRZ | | +49 40 460094 344

About Cristie Data
With over 50 years of experience Cristie Data has been providing reliable storage, backup and disaster recovery solutions. Since its founding in Stroud, England, in 1969, Cristie has expanded operations globally with more than 300,000 installations worldwide. Cristie has focused on data management, data storage and data security for over 20 years. From storing data to metadata management. This includes the retrieval of files, e-mail archiving, intelligent storage management as well as long-term archiving and HSM.
Cristie Data Media Contact:
Volker Wester | Cristie Data | | +49 6028 9795 0

About StrongBox Data Solutions
StrongBox Data Solutions (SBDS) is a worldwide leader in intelligent data management and archiving, servicing the world’s most demanding data environments, with over 12 years of experience in virtualizing data workflows between tape and disk. SBDS’s flagship StrongLink autonomous data management software is a vendor-neutral solution designed to automate data management across otherwise incompatible storage types, including flash, disk, tape and cloud storage for data environments at any scale.

Anne Vincent
StrongBox Data Solutions
+1 514-665-6793
Visit us on social media:

Source: EIN Presswire

RD Global Expands Its Leadership Team

RD Global Announces The Strategic Expansion Of Its Leadership Team With Two New Hires

FORT LAUDERDALE, FLORIDA, UNITED STATES, October 29, 2020 / — RD Global, a leading Software Development firm, is pleased to announce the addition of two key senior executives to its leadership team. Luciano Lopez Lapaz has been named as the new Director of Sales and Marketing and Jason White has been appointed as the new Strategic Growth Manager.

"Welcoming these seasoned executives into our company is the natural next step to continue our growth. The vast industry experience and technical knowledge they bring will be key to positioning RD Global as an innovative leader in the digital services industry," stated Raj Nambiar, CEO and founder of RD Global.

Luciano Lopez Lapaz has more than 16 years of sales, marketing, and senior-level business development experience at major software and technology companies. "I'm very excited and looking forward to being a part of the dynamic team that is bringing RD Global to the next level, making a positive impact for our customers and partners," Luciano said. "Our company has a great business model and an extremely talented team that uniquely positions it to deliver high-value and quality solutions to help companies with their digital transformations."

Jason White has nearly twenty years of experience filling key sales, consulting and technical roles in IT, including serving as Chief Technologist of Hybrid I.T. at Hewlett Packard Enterprise (HPE).

"I'm thrilled to have the opportunity to work closely with the RD Global team," Jason said. "I look forward to contributing my expertise to taking customers' ideas and converting them into high-velocity applications that digitally engage people and move the business needle. We are creating a digital model for our clients with a level of scale that is quite frankly unimaginable. It's so much fun!"

Reflecting on the expansion of RD Global's leadership team Patty Nicholson, Vice President of Operations had this to say: "The foundation of every company is dependent on the people you bring in to help grow it. No doubt we are ready to accelerate that vision with this addition to our team."

About RD Global, Inc: RD Global is an innovative digital agency providing software solutions on the Microsoft ecosystem. With a growing number of highly skilled professionals in United States and India, we help our clients better engage their customers, optimize their operations, and develop innovative products.

Patty Nicholson
RD Global, Inc.
+1 954-900-1790
email us here

Source: EIN Presswire

Foxquilt Partners With Smarter Loans to Bring Canadians Smarter Insurance Coverage

Foxquilt logo

Foxquilt logo

smarter loans logo

smarter loans logo

Canadian Insurtech, Foxquilt, and Smarter Loans, Canadian Loan Directory, have teamed up to bring easier access to tailored Business and Home Insurance.

TORONTO, ONTARIO, CANADA, October 29, 2020 / — Toronto – October 9, 2020 — Foxquilt, a Canadian Insurtech focused on providing smarter insurance, and Smarter Loans, a resource to connect Canadians with reputable financial companies, have announced today that they are partnering together to bring Canadians quick and easy access to customized insurance solutions and coverage.

The partnership between Foxquilt and Smarter Loans allows Canadians extra support with their financial decisions by receiving another smart solution – insurance that protects their hard work and biggest investments. Foxquilt and Smarter Loans are connecting Canadians online to business and home insurance that can be tailored to their specific needs with exclusive savings on their rates – up to 35%.

“We are excited to partner with Smarter Loans to extend our broad offering of insurance solutions to Canadian businesses and homeowners,” says Mark Morissette – CEO & Co-Founder of Foxquilt. “We take great pride in partnering with like-minded companies such as Smarter Loans who are dedicated to providing insurance capacity and savings to small businesses striving to succeed within today’s arduous climate.”

“We are very happy to team up with the great team at Foxquilt. They’ve developed a convenient way for Canadians to obtain insurance online, and we are excited to feature such an innovative brand and their products on Smarter Loans,” says Vlad Sherbatov – President and Co-Founder of Smarter Loans

Both companies believe in supporting communities and Canadians by providing smarter tools that lead to financial success and peace of mind. If you or someone you know has a community or tool that would be a good fit for this mission, reach out to Foxquilt or Smarter Loans to learn more about partnering.

About Foxquilt
Foxquilt is an Insurance Technology company focused on empowering communities and business owners to save on smarter Home and Small Business Insurance.

For media enquiries: Joyce Wong
For partnership Enquiries: Melissa Moore

About Smarter Loans
Smarter Loans’ mission is to help Canadians make smarter financial decisions by educating them about Canada’s most innovative financial products, and connecting them with Canada’s top financial companies in a safe, fast and convenient way.

For media enquiries:

Joyce Wong
Visit us on social media:

Source: EIN Presswire

Platform that is Revolutionizing the Delivery of Eyecare: "Eyecare, Anywhere"

Connect with Optometrists, Opticians, & Ophthalmologists Online!

Connecting you with the nations Leading Eyecare Professionals for the most convenient online eyecare!


No stranger to the disruption of the eyecare industry, Abby Ayoub, CEO & Founder of Optical Academy, the leading onsite eyecare provider, is once again on the forefront of innovation with her latest launch: is a platform that connects patients with eyecare professionals online to be the first responders for any eyecare concern. As a seasoned executive entrepreneur, Ayoub has specialized in providing the most convenient consumer experience. Her belief that time and health are the most valuable assets to obtain have opened the doors in creating a new way for patients and eye professionals to connect.

The platform invites innovative eyecare professionals who want to share their expertise and provide immediate consultations to treat, educate, and refer their patients back to their office when necessary. Providers will have access to millions of Optical Academy members through the support from the largest Education Associations and Departments of Health & Education in the country. During this pandemic, the number one priority is to keep people safe and healthy without neglecting their eye health and vision.

“These times have forced us to refine and redesign the way we deliver eyecare. Office capacities have reduced but the demand for eyecare is higher than ever before. Students, teachers, and all other professionals are going about their life online with virtual learning and working. The increased screen time has caused widespread concern for eye health all over the nation. It's our job as an industry to remain accessible to our communities and give them the convenience that they deserve” explains Abby.

Too often a person wakes up with irritation or pink eye and is forced to spend the day searching for an appointment and spending hours at the eye doctor's office. These types of treatment can be done online while saving time for the patient and chair time at the providers office.

“Telemedicine websites are already providing these services by physicians who are not eyecare professionals! It’s time we take control of our industry by providing these telehealth services to consumers who are clearly trying to find ways to save time and money. Being the first responder to any eyecare issue will allow you to expand your practice by providing necessary followup care in-office or onsite when it cannot be performed online” Ayoub suggests.

On, patients will be linked to Providers who are closest in proximity to their location so that in person treatment can be available.

Millions of consumers go online to search for an affordable pair of glasses but most don’t know exactly what they are looking for. TeleEyes will provide consumers with a separate TeleOptician experience in which an Optician, Technician, or Frame Stylist will guide and recommend frame and lens options using video chat conferencing tools.

The company’s mission is to make eyecare accessible anywhere by partnering with local leading eyecare professionals to deliver this telehealth experience nationally. Innovative Optometrists, Ophthalmologists, & Opticians are welcomed to tap into this new world economy. Professionals and practices can sign up for their own profile where millions of members will search for their next online eyecare experience.

Stay tuned for launching October 29th, 2020 at 7pm EST.

You're Invited!

Topic: TeleEyes Ribbon Cutting & Virtual Launch Party
Time: Oct 29, 2020 07:00 PM Eastern Time (US and Canada)

Join Zoom Meeting

Meeting ID: 984 1324 3026
Passcode: TELEEYES

Abby Ayoub
+1 800-723-2397

Source: EIN Presswire

ASA Insurance Offers Advice for Obtaining Learner Permits in Utah

Car Insurance in Salt Lake City

ASA Insurance is a top provider of car insurance and home insurance within the Salt Lake City area.

As a leading provider of car insurance in Salt Lake City, ASA Insurance is committed to providing their clients with everything they need to know.

SALT LAKE CITY, UNITED STATES, October 28, 2020 / — As a leading provider of car insurance in Salt Lake City, ASA Insurance is committed to providing their clients with everything they need to know about car insurance. Recently, the insurance company shared information for teen drivers and their families about learner permits.

They outline some of the information shared by the website for the Utah Department of Public Safety. They explain that in Utah, you must be at least 15 years old to obtain a learner permit. When you get your permit before you’re 17, you must hold your learner permit for six (6) months before being able to apply for a Utah driver license. But if a driver turns 18 during the holding period, they can apply for their driver license when they turn 18.

They also answer questions about learner permits obtained in other states. According to the website, “Learner permits issued from a state other than Utah that are equivalent to the Utah learner permit can be used to meet the six (6) month learner permit holding requirement.”

Among the questions on car insurance in Salt Lake City they get the most is about adding a teenage driver to an existing policy. ASA Insurance explains that once your teen has their learner permit, it’s time to give your insurance company a call before you let them operate your vehicle. In many cases, your coverage will automatically extend to your child, but it’s important to make sure first. If there are any gaps in your coverage, you risk paying substantial costs out of pocket in the event of an accident or another incident.

Even if your policy does extend to your newly permitted teen, it’s a good time to review your coverage. You and your policy could be liable for any damages if your child is in an accident. They explain the importance of asking yourself if you have enough coverage in place.

To help make sure you have the best kind of coverage and enough of it in place, ASA Insurance encourages you to give your insurance company in Salt Lake City a call.

Creed Anderson
ASA Insurance
+1 801-486-7463
email us here
Visit us on social media:

Source: EIN Presswire

MindCraft and SpaceBelt Deliver Data Security-as-a-Service to Banking/Financial/Fintech Industries

MindCraft & SpaceBelt Combine to Create Powerful Security Platform

MindCraft Partners with SpaceBelt to Provide Its Customers with SpaceBelt’s Innovative Data Security Platform Globally

We are most excited to align with MindCraft by offering our innovative data security solutions to the banking, insurance and Fintech industry sectors”

— Kok Rie Ooi, Managing Director

SINGAPORE, October 29, 2020 / — SpaceBelt Pte. Ltd., a subsidiary of Cloud Constellation Corporation and MindCraft Software Pvt Ltd, announce a partnership focused on offering secured data storage services through the Cloud Constellation SpaceBeltTM Data Security-as-a-Service (DSaaS). MindCraft is a software leader with strong integration capabilities and vertical expertise, offering fintech solutions to banks, insurance, and financial services. MindCraft partners with SpaceBelt to provide its customers with SpaceBelt’s innovative data security platform globally.

“We are most excited to align with MindCraft by offering our innovative data security solutions to the banking, insurance and Fintech industry sectors, by combining SpaceBelt’s secure communications and data storage in space,” said Kok Rie Ooi, SpaceBelt Pte. Ltd.’s Managing Director. “Protecting sensitive financial data and sensitive information to avoid unauthorized access is a priority objective for customers. We are intensely focused on this.”
Cloud Constellation is the world’s first planned cloud infrastructure and data storage service based in space. Cloud Constellation seeks to revolutionize the way data can be securely transferred and stored by using its patented SpaceBelt architecture utilizing GEO partners’ satellites between the customer’s enterprise locations and the SpaceBelt LEO network. This provides the strongest security possible by offering global isolation from the terrestrial infrastructure of an enterprise or government organization’s high value, highly sensitive, mission-critical data assets.
“Since the time we started our business in 2002, we have constantly evolved to provide innovative technology services and solutions as a means of extending competitive advantage to our customers. We are confident that our partnership with SpaceBelt will allow us to create more business value for our customers. SpaceBelt’s innovative data security platform can provide huge benefits to the financial services ecosystem that our clientele operates in. This platform offers an additional layer of security that is of great significance to this industry,” said Hemant Nerurkar, Founder & Chairman of MindCraft.

Cliff Beek, SpaceBelt’s CEO President commented: “MindCraft is an ideal partner as our combined focus aligned verticals – banking and financial services, can acheive the greatest value from the combined partnership. The SpaceBelt team is thrilled to be working with MindCraft.”

About Cloud Constellation Corporation
Leading The Cloud Transformation Of Space. Cloud Constellation Corporation’s SpaceBelt™ Data Security as a Service is a patented, secure space-based global managed network and cloud data storage service that enables the highest level of data security, whether at rest or in motion, for service providers, enterprises and governments around the world. Learn more at

Cloud Constellation Corporation™ USA

10850 Wilshire Boulevard, Suite 1125
Los Angeles, California 90024-4673 USA

Singapore (Asia-HQ)

SpaceBelt Pte. Ltd.
150 Cecil Street #14-01
Singapore 069543

About MindCraft
MindCraft is a Software Services, & Solutions organization that helps customers get competitive edge through technology services like Digital Transformation, Business Insights, DevOps, Cloud and Middleware services. We possess unparalleled technical skills in niche technologies and abundant experience across Banking, Insurance & Financial Services industries. Established in 2002, we are a team of over 400 across India, Singapore & USA. | |

MindCraft Software Pvt. Ltd.

512, A Wing, Dynasty Business Park,
Andheri Kurla Road,
Chakala, Andheri (East),
Mumbai 400059

Ph: +91 22 4221 6200

MindCraft Singapore Pte Ltd

No. 60 Paya Lebar Road
#12-55 Paya Lebar Square
Singapore 409051

Ph: +65 6652 3215

Kok Rie Ooi
SpaceBelt Pte. Ltd.
Visit us on social media:

Source: EIN Presswire

Car Finance Market Worth $2.33 Billion, Globally, by 2027 at 14.3% CAGR

Car Finance Market - AMR

Car Finance Market – AMR

Increase in demand for vehicles fuel the growth of the global car finance market

PUNE, MAHARASHTRA, INDIA, October 28, 2020 / — Rise in global average price of automobiles and increase in demand for vehicles fuel the growth of the global car finance market. On the other hand, emergence of rideshare services and surge in debts from various borrowers curtail down the growth to some extent. However, enactment of technologies in existing product lines and untapped potential of emerging economies are expected to create multiple opportunities for the key players in the industry.

According to the report, the global car finances industry was pegged at $1.29 billion in 2019, and is expected to hit $2.33 billion by 2027, registering a CAGR of 14.3% from 2020 to 2027.

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The banks segment to lead the trail by 2027-

Based on distribution channel, the banks segment accounted for nearly two-fifths of the global car finance market share in 2019 and is anticipated to maintain the lion's share throughout the study period. The OEMs segment, on the other hand, would portray the fastest CAGR of 15.5% by 2027. This is attributed to the fact that banks tend to provide car financing at a discounted rate and they involve easier loan process as well as timely services.

Covid-19 scenario-

The outbreak of the pandemic has resulted in sharp decline in consumer trends and preferences toward purchasing cars. Accordingly, the global car finance market has been considerably affected. However, the overall situation is gradually being ameliorated across the world and the market is expected to get back to its position soon.
At the same time, it's worth mentioning that people across the world have started preferring private way of transportation over selecting public transport which, in turn, has provided the market with a mixed effect.

COVID Impact Analysis on Car Finance Industry:

The new vehicles segment to dominate during the estimated period-

Based on vehicles age, the new vehicles segment contributed to more than half of the global car finance market revenue in 2019 and is expected to rule the roost during the forecast period. This is because consumers taking new cars via financing methods are provided with multiple features by the manufacturer, distributor or dealer having several tie-ups with other providers in the market. Simultaneously, the used vehicles would manifest the fastest CAGR of 14.6% from 2020 to 2027, owing to rise in demand for used cars with customized models, limited budget for availing car loans, and changing business preferences toward vehicles.

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Asia-Pacific, followed by Europe and North America, to rule the roost-

Based on geography, Asia-Pacific, followed by Europe and North America, held the major share in 2019, garnering more than two-fifths of the global car finance market. The same region would also register the fastest CAGR of 15.4% by the end of 2027. This is due to rise in the number of middle class customers for buying new cars and increase in their disposable incomes.

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Motor Insurance Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Source: EIN Presswire