Market Challenges
Financial Institutions of all sizes are constantly challenged to improve the performance of loan risk management solutions and revenue-generating insurance programs. With limited resources and an ever-changing regulatory environment, it becomes increasingly difficult to find time to focus on these product lines. Rather than continuing to delay projects or adding additional workload to your staff, Lowder Consulting Group offers an excellent alternative to solve all of these problems.
Providing you with insurance expertise so you can spend time doing what you do best.
Insurance Consulting
- Review & analysis of current programs and processes
- Recommendations for improvement from unbiased perspective
- Deliver product ideas and broader market analysis
- Staff engagement to outline challenges & provide education
- Support during employee turnover or new product launch
RFP Management
- Total program review including contractual obligations
- Collaboration on goals and future program objectives
- Creation of custom RFP documentation and vendor selection list
- RFP process management including vendor interaction and completion
- Engagement in vendor presentation, negotiation and implementation
Product Lines
Lender-placed insurance, blanket insurance and hybrid programs
GAP, depreciation coverage, and deductible reimbursement
Extended warranties
Credit insurance and debt protection
Marketing-related insurance programs