Latest Post

Using Intuitive Analytics to Analyze Portfolio Performance and Loss Indicators

Recently published delinquency rates by vintage show signs of deteriorated portfolio performance. This trend is even more pronounced for consumers with subprime and deep subprime credit scores. 2022 vintage auto loans for deep subprime were 2.4 percent delinquent 8 months after origination, which is a 33 percent increase from the previous five-year high set in 2020. Consumer credit reporting shows delinquency in the first two years after purchase, loans originated in 2021 and 2022 are starting to show higher delinquency rates relative to loans originated in previous years. Lenders are looking to automate analytics and portfolio performance, and DRNsights plus

Read More »

Blog

Of Course, Auto Insurance Prices Matter

Isn’t it time to get the crooks off your books? When it comes to shopping for auto insurance policies, it should come as no surprise that the overriding concern for most insurance policyholders is price. Yes, they care about whether an insurer will pay a claim or not. Yes, they

Read More »

Invest in higher compliance standards. Invest in DBA.

If you had to pick one word to sum up the driving force behind the best originating creditors, debt buyers and collection agencies, it would be: compliance. Complying with best practices that meet and often exceed state and federal consumer protections laws is good for both consumers and the debt

Read More »

Door Knockers Plus Vehicle Location Data Cures Loans

Did you know that the term “light-bulb moment” is listed in the Oxford Dictionary? The term is defined as: A moment of sudden realization, enlightenment, or inspiration. And just recently, while attending the Collections and Recovery Solutions conference, we visited with a lender that had one such moment. As we

Read More »

5 Reasons Insurance Rates are So High

Personal rate evasion and fraud causes higher insurance rates for all but vehicle location data helps to investigate. When discussing garaging issues, the focus of the conversation is usually around garaging fraud. But that is really a misnomer. It probably should be more broadly referred to as garaging issues or

Read More »

Top 5 Reasons SIUs Use Vehicle Location Data

Since joining DRN, I have reached out to the SIU community to learn how they use our SIU platform, Event Links, powered by DRN’s vehicle location data and analytics. And what I learned was eye opening. These highly skilled SIU investigators have that keen sense of the detective in them.

Read More »

Commercial Auto Fraud: 3 Ways to Get Away with It

The surprising truth about commercial auto fraud and how vehicle location data helps carriers capture premium leakage. Insurance agents and policyholders alike know the easiest route to lower premiums on commercial auto policies is through Zone, Radius, and Final Build. Think about it, using current systems and technology carriers are

Read More »

4 Truths About License Plate Recognition

The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics

Read More »

Picture This: A New Way to Spot Commercial Use

Vehicle location data offers new insights for uncovering commercial use of a personal vehicle. Insurance carriers know that commercial use of a personal vehicles happens. And, they know the numbers: Rating issues like commercial use cost the industry over $16 billion a year in loss premiums. Yet carriers tell me

Read More »

Park This: Identifying Garaging Fraud Just Got Easier

How to use vehicle location data to pinpoint garaging fraud. So the address on insured’s policy is in one state but they actually live in another state that has higher rates. No big deal right? In fact, many would argue that garaging fraud is a “victimless crime.” But, carriers know

Read More »
By using this site this site you agree to our cookie and privacy policy.