Institutional Auto Loan Default Insurance
- Concept: A suite of risk management solutions offered through a Managing General Agent (MGA) model to institutional clients.
- Purpose: To protect credit unions from losses on auto loans, enabling them to reduce loan loss provisions and lend more confidently to a broader credit spectrum, including near- and non-prime borrowers.
- Target Audience: Credit unions and other institutional clients with auto loan portfolios.
- Differentiator: Competes with incumbents like Open Lending by offering a more diverse product suite, including individual loan default coverage, portfolio-level solutions, and advanced options like synthetic Credit Default Swaps (CDS).
