Improving Access for First-Time Auto Buyers (w/Josh Minsky, CEO Suretys)

Josh Minsky is the Founder and CEO of Suretys, replacing the need for a co-signer for first-time auto buyers with little or no credit history (eg. recent immigrants).

Retail lenders want to make more loans but are concerned about risk.  Suetys insures these lenders by underwriting the individual, leveraging banking transaction data, binding a policy and enabling the lender to give a favorable interest rate to the buyer. In the rare event of debtor default, Suretys will repay the loan balance and settle a claim with its insurance partner.

Finicity and Plaid with their 15,000 institutional individual-level account connections allow Suretys to review income and spending patterns and drill deeper than traditional credit scores can. Josh digs into how the team evaluate data and find proof points to back their risk decisions.

Suretys is an example of a startup built on a founder's personal values and beliefs. Josh is both passionate and action-oriented about in helping working people get ahead, creating opportunities for Americans to build solid financial futures, and creating solutions that bridge the inequality gap for millions of Americans.

Follow the Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.