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Pelican notes investment in DRNsights vehicle location data pays for itself as result of fewer charge-offs, faster repos and impound/stolen alerts FORT WORTH, TX 07/26/2017 – Since using vehicle location data and analytics from Digital Recognition Network (DRN), Pelican Auto Finance, a subprime auto-finance lender located in California and Pennsylvania, reports they have increased asset […]

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The annual Collections and Recovery Solutions (CRS) conference never fails to recharge my batteries. Coming just 5 months into the year, it’s a great time to take the pulse of the industry and hear first-hand the challenges and successes of the industry. Entering the year at American Financial Services Association (AFSA) Conference, the buzz was […]

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DRN’s vehicle location data helps PFCU improve right party contact to cure loans, locate assets for faster recovery, fewer charge-offs FORT WORTH, TX 05/10/2017 – Philadelphia Federal Credit Union (PFCU), an early adopter of DRN’s enterprise subscription for auto finance, DRNsights, reports more cured loans and fewer charge-offs resulting from improved auto debt collection and […]

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DRN guarantees to find at least 4% commercial use of at-risk personal auto policies FORT WORTH, TX 04/13/2017 – In response to the industry’s issues in the personal lines auto market, DRN’s Picture Proof provides a quick, substantial and positive impact on the combined ratios of a carrier’s auto book. Picture Proof provides pictures of […]

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Add vehicle sighting data to insurance carrier predictive analytic models; you’ll be surprised at what you find out. There is no debating the value of insurance carrier predictive analytics. Property and casualty insurers report that models built from predictive analytics help them to improve business performance. And like any business model, the better the data […]

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Averts losses using vehicle location data for right party contact and faster recoveries. Title lenders serve a market need for under-banked customers, people in a financial crunch that need rapid relief and continued access to transportation. The title lenders we support tell us that it is critically important to maintain ongoing contact with their customers and […]

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Commercial auto carriers look beyond differentiating to compete including vehicle location data to detect fraud at quote.  Once again the commercial auto lines industry is experiencing rising losses. Once again the solution to bad results is to raise everyone’s rates to make up for the losses. Once again good risks are punished and bad risks […]

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Vehicle Sighting Data vs Telematics Explained Never heard of vehicle sightings? Or maybe you have but want to understand how it differs from telematics. Before we get into the specifics, let’s address why you should care. Telematics continue to rank among one of the top trends in the industry. Yet the fact remains that, telematics […]

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