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Notes from the IASIU Conference: Exploring DRN’s Role in Investigations

The International Association of Special Investigation Units (IASIU) held its annual conference in Orlando, in September. The event hosted industry pros to learn, collaborate and network on various topics. We found that most attendees at the conference were familiar with license plate recognition (LPR) technology and its use in investigations. Former law enforcement attendees were already familiar with using LPR data and the benefits. Many in attendance get their LPR data through a DRN partner, with only a small percentage getting it directly through DRN. For most of our conversations, the uses and benefits of LPR were already well known

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Auto Insurance Carriers: Make Your Predictive Analytics Smarter

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

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Title Lender Boosts Recoveries by 23%

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

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Attention Credit Unions: You Really Should Be Better

Credit unions seem to have mastered rapid growth and indirect auto lending strategies, but that’s not good enough – they must be better at connecting with customers to collect on those loans. According to the National Credit Union Administration (NCUA), credit unions saw continued growth in the first quarter of 2016

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Competing for Commercial Auto Business in a Hard Market

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

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Waiting-to-Lose Strategy is No Strategy

Days past due (DPD) strategy often leads to repo or charge-off: use vehicle location data as the trigger to avert losses. At our lender round-up in February, we heard from 20 of the top auto lenders in the nation. The main takeaway? “All of the lenders are being challenged to

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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

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