PropertyCasualty360.com features an article by Shannon Shallcross, Head of Client Services. The article details how insurance companies are penalizing their good customers to combat their profitability problems and risk becoming subject to adverse selection. Yet advanced technologies can help insurers avoid these future concerns by taking advantage of the tools available to the industry.
As of 2024, Citizens had over 1 million residential properties eligible for takeout.Given this large portfolio, there are certainly attractive policies within Citizens for insurers to assume. However, the challenge is finding the right policyholders within this book of last resort. Achieving Profitability and Growth with Citizens Takeout An emerging opportunity is unfolding in Florida…
“Non-weather water claims cost insurers $8.2 billion annually in personal lines alone, or 20% of all property insurance losses in the U.S. The average non-weather water claims cost $6,695 in personal lines but can vary from $1,560 to more than $75,000 depending on the expensiveness – and expansiveness – of the damage.” Non-weather water loss…
Pinpoint Predictive Announces Martin Ellingsworth Joins as Strategic Advisor Pinpoint Predictive Inc, a leading risk selection platform helping P&C insurers to fast-track profitable growth, is thrilled to welcome Marty Ellingsworth to its distinguished team of Strategic Advisors. An insurance industry leader and customer centricity advocate, Marty has an impressive background creating value from data and…
Insurance Thought Leadership features an article by Shannon Shallcross, Head of Client Services. The article discusses what’s to come in 2024 for personal lines insurance and provides insights into adapting to the new challenges through innovation and improved profitability and competitiveness.
Pinpoint Predictive Head of Client Services, Shannon Shallcross, is interviewed by Paul Carroll, Author and Editor-in-Chief of Insurance Thought Leadership. Paul and Shannon discuss the key to innovation for the insurance industry begins with the culture. How companies need a “fail-fast” culture for long-term sustainability and profitability, and discuss the steps they can take to ensure…
Pinpoint Predictive CEO, Scott Ham, was interviewed by Andrew Daniels, Co-Founder and President at CrashBay and Founder and Managing Director at InsurTech Ohio. The article discusses the concept of behavioral predictors in the insurance industry, defining them as the day-to-day activities of individuals, such as purchases, engagements, and subscriptions. It emphasizes the potential benefits of using…
Pinpoint helped reduce Loss Ratio by 3 points to optimize profitable growth Client: National Home Insurance Carrier Line of Business: Home Insurance Number of Policies: ~300,000 Average Individual Premium: $2,900 A national home insurance carrier partnered with Pinpoint to receive Loss Predictions at the top of the funnel (before the customer journey begins). Their current…
Digital Insurance featured Pinpoint Predictive and CEO Scott Ham on its series Meet the Insurtech. Digital Insurance interviewed Scott to discuss Pinpoint’s history and how the company is impacting the P&C insurance industry through partnering with insurers to use intelligence in risk stratification that is improving profitability and loss ratios by 3 to 10 points.…
Profiles in Risk – Bonus Episode Host Nick Lamparelli meets with Pinpoint’s Head of Client Services, Shannon Shallcross during the Florida Chamber of Commerce Annual Summit in Orlando, Florida. Nick chats with Shannon on how Pinpoint is helping P&C insurers improve risk selection by using the industry’s only top of the funnel loss predictions that…
