Open Lending Partners with Securian Financial Group

Automotive lending enablement provider adds insurance provider to its roster of highly rated carriers

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced a partnership with Securian Financial Group, Inc. (“Securian Financial”). The partnership enables Open Lending to provide insurance coverage through its flagship Lenders Protection™ program as market volatility compromises automotive loan portfolios.

“We are pleased to add Securian Financial as an insurance partner for our Lenders Protection program,” said Chuck Jehl, Interim CEO of Open Lending. “As a highly rated carrier with a long history and familiarity with our credit union and other lending institution customers, they are a great addition to our program.”

Securian Financial joins a roster of highly rated carriers that power Lenders Protection’s built-in insurance coverage. Using alternative data and AI-powered risk analysis, Lenders Protection prices and structures automotive loans according to each applicant’s unique financial profile, enabling financial institutions to securely offer loan opportunities to near- and non-prime borrowers.

“We are excited to partner with Open Lending to help more people secure auto loans while at the same time protecting the loan portfolios of the financial institutions that serve them,” said David Seidel, Securian Financial’s U.S. head of Affinity Solutions.