AWS Residual Value Insurance (RVI)

AWS RVI is a financial guarantee program launched recently in Asia market exclusively by AWS. AWS RVI indemnifies the leasing and financial institutions against any loss which might occur in case the sale proceeds of a properly maintained vehicle are less than the residual value set at the time specified in the lease contract policy.

Each policy is structured to suit the client’s specific financial goals and risk management objectives. Such clients include auto manufacturers’ financial services, fleet and leasing companies, banks’ auto leasing divisions, credit unions and investors in vehicle lease-backed securitizations.

AWS RVI helps these businesses to manage residual risks by protecting them against fluctuations in the used car market. It provides a stop-loss facility, allowing the insured to quantify maximum loss amounts.