DALLAS — Organizers of the annual P&A Leadership Summit have announced that Lee Bowron, co-founder of Kerper and Bowron LLC, and Benjamin Woods, actuarial senior consultant at Allstate Dealer Services, will team up for a presentation on the current state of GAP. The event will be held Sept. 12–13, 2017, at the Gaylord Texan Resort & Convention Center in Dallas. PALS is co-located with the annual Industry Summit for the sixth consecutive year.
“I look forward to continuing our discussion from last year with Ben,” said Bowron. “GAP remains challenging, with financing, used car prices, and vehicle technology all playing critical roles.”
In today’s financial environment, rising total loss frequency, riskier financing and failing residual rates are resulting in significant GAP losses. Actuaries Bowron and Woods are expected to explain exactly how these factors interact to drive losses and what to expect in the coming years from this important product segment. The tag-tag team presentation, “Rising GAP Losses — Its Origins and Future” will begin at 3:00 p.m. on Tuesday, Sept. 12.
“The golden age of GAP profitability is over and it’s not coming back any time soon, said Woods. “I’m excited to present with Mr. Bowron a frank discussion on the current state of GAP losses and what the future holds for this important product.”
“Both these gentlemen are more than qualified to give us all a briefing on what has happened with GAP since we last met and what we can expect in the year to come,” said David Gesualdo, show chair and publisher of P&A magazine. “GAP performance greatly affects our industry, so l encourage everyone to attend this session so we can better prepare for the future.”
Registration for Industry Summit 2017 is open at the event’s website. Attendees who register by tomorrow, Aug. 18 will enjoy a $100 discount. To discuss sponsorship and exhibition opportunities, contact David Gesualdo at (727) 947-4027 or via email.