GAP Experts to Discuss Mounting Losses at PALS 2018
Actuaries Lee Bowron and Ben Woods will present ‘Rising GAP Losses: 2018 Update’ at the upcoming P&A Leadership Summit.


The sixth annual P&A Leadership Summit will be held Oct. 8–10, 2018, at the Caribe Royale Orlando in Orlando, Fla. Photo courtesy Caribe Royale
ORLANDO, Fla. — Organizers of the annual P&A Leadership Summit announced that Lee Bowron of Kerper and Bowron and Allstate Dealer Services’ Ben Woods will team up to present a session dedicated to rising GAP losses at the 2018 event. Co-located with the annual Industry Summit for the sixth consecutive year, PALS will be held Oct. 8–10 at the Caribe Royale Orlando in Orlando, Fla.
“This issue weighs heavily on the minds of executives in the P&A segment and will continue to do so until the numbers improve,” said David Trinder, CEO of F&I Administration Solutions and chair of the PALS advisory board. “This session presents a rare opportunity to get up to speed and prepare for the work that lies ahead.”
The 55-minute session, “Rising GAP Losses: 2018 Update,” will begin at 11:30 a.m. on Wednesday, Oct. 10. Bowron and Woods first teamed up to tackle the topic at last year’s event.
“GAP losses continue to remain high as the industry seeks to adapt to the significant loss trends experienced over recent years,” said Woods, who serves as loss modeling manager for Allstate Dealer Services. “I’m excited to be back with Mr. Bowron to present an update on residual values, total loss frequency, and other factors impacting GAP losses.”
The staple F&I product has been plagued by declining residual values, multiplying total losses, and riskier financing. Bowron and Woods pledged to deliver an update on those factors as well as a forecast for GAP losses going forward.
“We look forward to discussing the latest developments in GAP,” said Bowron, co-founder of the actuarial firm of Kerper and Bowron. “We will be examining some of the structural changes in the underlying auto insurance and repair industries which have and will continue to impact GAP going forward.”
More details about the 2018 P&A Leadership Summit, including the full agenda, will become available in the weeks ahead. Click here to register now. To discuss sponsorship and exhibition opportunities, contact David Gesualdo at (727) 947-4027 or via email.
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