Beyond the Storms: Protecting Lenders in a Volatile Environment

In this episode of The Allied Angle, we discuss the rising risks facing auto lenders, especially in the wake of recent hurricanes Helene and Milton. Allied's Vice President Claim and REPO Plus Operations Scott Myers and 2nd Vice President RMO Product Management Mike Batchelor dive into the impacts on loan portfolios, the surge in GAP claims, and insurance rate hikes. 

 

  00:46   Meet Mike and Scott 

  04:25  The market trends most influencing auto loans and the risk landscape.

 10:01  Why people don't talk about the high cost of auto insurance and the relationship between high insurance costs and high vehicle prices

 11:55   The impact of natural disasters on everyone's insurance premiums and how they will affect future claims.

 16:59  How financial institutions should adapt their collateral protection strategies to mitigate risks amid current market pressures. 

 21:00  The advantages of an insurance tracking program for financial institutions and the risks associated with not having one in place. 

25:07  What financial institutions should lookout for when utilizing technology to optimize delinquency management and loss mitigation. 

28:19  The most beneficial tools to help navigate the future of risk management.