Digital Insurance publishes article by Shannon Shallcross, Pinpoint’s Head of Client Services on what is the next data frontier for P&C insurance. Insurers are encouraged to innovate for the future and take advantage of the resources available to them now that can significantly improve efficiency, operations, and ultimately sustainable profitability with competitive advantage. Shannon also…
Pinpoint Helped Identify an Additional 6% of Claimants Likely to Seek Attorney Representation Client: National Auto Insurance Insurer Line of Business: Auto Insurance Model Trained: 130,000 Claimants A national insurance carrier partnered with Pinpoint to receive Risk Scores identifying the likelihood of Third-party Claimants to seek Attorney Representation. With just a name and address, Pinpoint…
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. An emerging opportunity is unfolding in Florida for insurers aiming to broaden their market…
“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 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 digital assets with advanced analytics, and has been an…
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 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.…