March 3, 2021 by Leslie Parrish
Consumer lenders face considerable challenges making loan decisions in this volatile and uncertain economic environment. While traditional credit data is certainly foundational in assessing creditworthiness, other sources can provide critical real-time insights that this data lacks. In a recent Aite Group survey, nearly half (48%) of consumer lenders indicated that they are somewhat less or far less confident in using traditional credit data for loan decisioning. These lenders are already using a host of alternative data sources to fill some of these gaps, such as alternative credit scores, account transaction data, and data on alternative or subprime loans.
March 3, 2021 by Mitch Wein
March 2, 2021 by Aite-Novarica Media
M&A opportunities are of great interest to many insurers. Slow, organic growth in traditional markets and products as well as increased cost pressure and competition are accelerating M&A deals. The level of M&A activity remained strong in 2020 despite the pandemic, and this trend is expected to continue. As we approach the second of year of the pandemic, we may even see more inorganic growth of insurers as some property/casualty and life/annuity insurers face increased pressure to improve efficiency, raise capital, and change operating models.
March 1, 2021 by Mitch Wein
As e-signatures, e-documents, and e-records proliferate, insurers must be careful that they, their third-party service providers (TPSPs), and reinsurer partners maintain compliance with federal and state regulations.