The Plateau Group Celebrates Remarkable Growth in Credit Insurance Business Amid Ongoing Industry Consolidations
Tennessee, March 4, 2024 — The Plateau Group, Inc., an enduring force in the insurance industry for over four decades, announces unprecedented growth in its Credit Insurance business amid the backdrop of ongoing industry consolidations. In the dynamic landscape of 2023, Plateau not only added over 500 new accounts but also welcomed 50 new marketing representatives, achieving a significant milestone in the company's strategic expansion.
The strategic acquisition of business from prominent entities such as Pekin and American National Insurance (ANICO) underscores Plateau's unwavering commitment to excellence and market leadership. Beyond these strategic moves, Plateau's growth trajectory includes substantial organic increases in Credit Insurance and Debt Cancellation Coverage from existing businesses, reaffirming the company's 40-year legacy of consistent year-over-year growth in the insurance sector.
Joe Melendez, the CEO of The Plateau Group, expressed his enthusiasm for the company's achievements, stating, "Plateau has a deep, rich history in supporting financial institutions with simple, flexible credit enhancements to their lending products. As consumer lending groups aim to expand their market share and boost revenues, credit enhancement products like credit insurance emerge as the obvious choice. We are thrilled that our industry peers are turning to us to take over the support of their client bases and enhance their brands."
Credit Insurance products, including Credit Life, Credit Property, and Accidental Death & Disability to name a few, have proven to be enduring solutions, desired by borrowers and providing protection for lenders and their borrowers. The Plateau Group's commitment to providing these essential products has solidified its position as a trusted partner in the financial services landscape.
Melendez emphasized, "While we continue to scale our diversified product portfolio , we will never lose focus on our credit insurance solutions and our commitment to the thousands of consumer lending companies that rely on them. If you need a home for your credit insurance products, we are here for you."
About Plateau:
For over 40 years, The Plateau Group and its affiliated companies, including Plateau Casualty, Plateau Service, Plateau Insurance Co., and Plateau Warranty, have been at the forefront of providing the banking industry with a diverse range of insurance solutions across the United States. Headquartered in Crossville, Tennessee, Plateau's operations are just a phone call away to address any inquiries. For more information on our solutions, please visit Plateau 24x7 at plateaugroup.com.
