Jennifer Burkmier’s Post

How can embedding loan payment insurance boost your lending profitability? New research commissioned by TruStage reveals how a revolutionary approach can lead to reduced and redistributed delinquent debt, an expanded borrower base and improved economic growth ➡️ http://bit.ly/4aRZWdg #onlinelending #paymentinsurance Ron Shevlin Sam Kilmer Mary Wisniewski Scott Walchek Bob Hazlett

Well done, Cornerstone Advisors! This is an important paper for all consumer lenders. Every loan should carry the promise of payment protection if their borrowers lose their jobs or become disabled. Transferring the risk of default from lender to insurer is healthy for all stakeholders. This research from Cornerstone articulates the myriad benefits of embedded payment protection, while demonstrating how the insurance can pay for itself.

Well done Cornerstone Advisors! This insightful study highlights the transformative benefits of embedding payment insurance in loan products. 🔹 Key Takeaways: - Improve Marketing Performance & Reduce Defaults: Discover how embedded payment insurance can improve marketing performance, reduce defaults, and strengthen loan portfolios. - Support Borrowers: Learn how it helps borrowers manage financial hardships, preventing defaults and protecting credit scores. - Tech Partnerships: Explore the critical role of fintech and lender collaborations in digitizing and evolving lending insurance. Kudos to Cornerstone Advisors for their exceptional research and valuable insights into the future of lending insurance! #Fintech #DigitalLending #LendingInsurance #paymentguard #ConsumerCredit #FinancialInnovation #CornerstoneAdvisors #TruStage #FinancialStability

TruStage and Cornerstone Advisors' latest whitepaper reveals how embedded Payment Guard Insurance can lower risk and boost profitability. With rising demand for digital lending, integrated loan payment insurance offers critical protection for both lenders and borrowers. Discover strategies to reduce charge-off costs by up to 20%: https://buff.ly/3ACd9e4 #DigitalLending #Fintech #RiskManagement

“The pandemic accelerated the shift to digital financial services that companies had long neglected, and credit unions are some of the last holdouts to adapt to changing consumer preferences for digital. The first mover advantage is real, and CUFG is helping to lead credit unions into the future of digital insurance with SimpleQuote.” Read more about how SimpleQuote is changing the game for credit unions in Insurance Edge: https://lnkd.in/egMd4mm2 #digitalinsurance #embeddedinsurance #insurtech #fintech

As private middle market lending continues to grow among insurance companies, many may suspect the larger companies that may crossover to BSL as the safer alternative. However, a diversified Core Middle Market, with some covenants, less leverage, less competition to make the loans and better recoveries, may be the sweet spot to invest.

I promised, and here it is: Risky Finance Ltd has an incredible database, and when you dig into you it, you find gold. Our banking tool shows how payment protection insurance was a 'slow burn' operational risk event that eventually cost UK banks more than $60bn between 2011-2019. Could something similar happen with motor finance? This link includes a free preview of a visualisation available to subscribers. https://lnkd.in/euXF3JA3 #oprisk #Lloyds Banking Group #Close Brothers

🔒✨ Credit insurance is a game-changer for banks! It boosts confidence when lending against clients' accounts receivables, providing an extra layer of security. 🌟 Partnering with companies that have credit insurance can be a strategic advantage, enabling growth and minimizing risks. 💼📈 #Banking #CreditInsurance

How could embedded digital lending insurance strategies help bridge the needs of modern digital lenders and consumers? That’s exactly what TruStage™ Director of Product Management, Danielle Sesko, CPA, answers in InsurTech’s new article, “Embedded Digital Lending Insurance: Lenders and Consumers.” Read the full article: https://bit.ly/3WYXjlY

Exciting developments in credit union digitalisation as insurance technology firm Sure partners with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a digital insurance platform. The solution addresses the sector's digital transformation needs following shifting consumer behaviour post-pandemic. "Credit unions are amongst the last to adapt to changing consumer preferences for digital," notes Sure's Co-founder and CEO Wayne Slavin. CUFG's VP of Sales Christian Marrder emphasises their aim to eliminate fragmented processes, marking a significant step forward in modernising credit union services. #FinTech #InsurTech #CreditUnions