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  3. Premium Protection, One Month at a Time: The SMP Advantage

Premium Protection, One Month at a Time: The SMP Advantage

  1. Resource Center
  2. Podcasts
  3. Premium Protection, One Month at a Time: The SMP Advantage
May 08, 2023
Tune in for a deep dive into the Single Monthly Premium landscape. Featuring industry professionals Cindy Bryant and John DeLuccia, this episode explores how credit unions can address the challenges posed by market conditions.

 

 

 


Cindy Bryant image 
Cindy Bryant
SVP of Client Sales and Service   | Allied Solutions

Cindy Bryant, SVP of Client Sales and Service at Allied Solutions, brings an impressive 36-year track record of empowering financial institutions to navigate their distinctive business challenges. Her expertise encompasses a wide array of specialized offerings, including vehicle and mortgage portfolio coverage solutions, insurance exposure monitoring solutions, collections services, and a comprehensive suite of risk management-related products and services. Her consultative approach and dedicated focus make her an invaluable asset to the financial industry market.

John DeLuccia image
John DeLuccia
CPI Sales Specialist  | Allied Solutions

John DeLuccia, a CPI Sales Specialist at Allied Solutions, is a seasoned financial services professional renowned for his innovative client acquisition and retention strategies. With a proven track record, John excels in cultivating trust-based, strategic relationships that consistently surpass corporate objectives and elevate client satisfaction. His entrepreneurial approach, marked by unwavering honesty and integrity, is a driving force behind his success in the industry.

 

In this episode:

[1:05] How we can help uninsured CU members stay in their cars.

[2:48] How can SMP help with problems like delinquencies and charge-offs?

[4:12] Cindy highlights the cost-effectiveness of the SMP program, offering affordable coverage options for CU members.

[6:14] John emphasizes the low-risk nature of the SMP program, contrasting it with the higher risks associated with blanket and self-insurance options.

[7:56] What is the biggest difference between the SMP program and traditional insurance models?

[10:16] The SMP program is adaptable, aiming to ensure members can maintain their vehicles.

[12:32] The benefits of the insurance monitoring component of the program.

[14:17] Cindy emphasizes the added benefits of monitoring, including access to vital information for lenders.

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