As insurers navigate a complex risk landscape and adopt advanced technologies for greater operational efficiency, there’s still room for improvement in the renewal process, especially as…
The competitive landscape of Property & Casualty Insurance requires insurers to stay ahead of the game when it comes to serving the needs of customers and…
The evolution in the sophistication of risk data analysis has made considerable progress in supporting underwriters in what they do best – assess risk and do…
High-severity fire losses caused by undisclosed wood-burning stoves. There was an inability to find undisclosed and newly installed wood-burning stoves for loss mitigation and premium adjustment,…
Gaining early risk intelligence is critical for strategic decisions and profitable growth. By adopting AI-powered technology, P&C insurers are refining their customer journeys and marketing strategies…
Carriers face challenges in growing their agencies sustainably and profitably due to a lack of in-house customer risk intelligence. This gap impedes the creation of effective…
Insurance carriers are successfully navigating the challenges posed by social inflation and unpredictable weather by utilizing Pinpoint’s predictions. By strategically applying the insights from individual-level intelligence…
No one in the insurance is unaware to the headlines about major insurance carriers reducing their presence in certain markets and either leaving markets entirely or…
From catastrophe modeling to credit scores, the insurance industry has a come a long way in how they assess and quantify risk of their customers and…
Pinpoint helped reduce Loss Ratio by 4 points on personal auto Client: National Auto Carrier Line of Business: Auto Insurance Number of Policies: 714,577 Average Premium:…
Litigation is a BIG deal for Insurers. Carrier Management reported in June the 2023 the Insurance Litigation Report released by Lex Machina revealed insurance cases increased…
Non-weather water damage claims are a big problem for insures and have continued to be the second leading cause of home insurance claims since 2016. Although…
Pinpoint helped reduce Loss Ratio by 3 points with Claims Severity Predictions Client: National Auto Carrier Line of Business: Auto Insurance Number of Policies: 714,577 Average…
Auto insurers are feeling enormous pressure from inflation and other economic conditions playing out in the US market. Fraudulent accident claims or scams and auto thefts…
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…
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…
“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…
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…
Overview In 2023, we saw the impact of 41-year-high inflation, rising loss costs, and growing reinsurance costs as more severe weather-related events played out in extreme…
Pinpoint helped reduce Loss Ratio by 4 points during pre-application Client: National Home Insurance Carrier Line of Business: Home Insurance Number of Policies: ~150,000 Average Individual…
Pinpoint helped reduce Loss Ratio by 4.6 points by focusing on Individual Drivers Client: National Auto Carrier Line of Business: Auto Insurance Number of Policies: 80,000…
Navigating the “Hard” Insurance Climate with AI-Powered Risk Solutions There are significant factors putting pressure on the insurance market. Factors such as high premium prices, social…
Artificial Intelligence (AI) capabilities are quickly becoming a must-have core competency for insurers wishing to succeed. Leading insurers are materially enhancing operational capabilities and profitability by…
Overview Insurance companies have been benefiting from data-driven processes that allow micro-segmentation strategies to help keep losses and risks off their books. However, like many emerging…
Pinpoint helped reduce Loss Ratio by 7 points by focusing on Book Acquisition Strategy Client: National Home Insurance Carrier Line of Business: Home Insurance Number of…
Overview P&C Insurers need to be strategic and act fast when facing challenges of profitable growth, severe weather events, and high inflation. We have put together…
Overview In the dynamic landscape of Property and Casualty (P&C) insurance, where leaders face challenges of growth, profitability, and regulatory compliance amid unprecedented inflation and weather…
As we write these words, lawmakers sit in Tallahassee deciding the fate of insurance for Florida Homeowners–and some pretty hefty reforms are on the table. The…
Reducing the Impact of Litigious Policyholders on P&C Carrier Loss Ratios According to National Association of Insurance Commissioners (NAIC) …while Florida homeowners insurance claims accounted for…
Insurers have a lot to learn from leading tech companies with regards to leveraging applied data and analytics to create actionable, and profitable, insights. We take…
As we’ve all read in many corporate communications articles over the last several weeks, in times of crisis, consumers seek reassurance, compassion, and problem-solving products and…
By Avi Tuschman There is a problem I’ve struggled to crack my entire career that you may be familiar with. It’s partly about marketing, partly about…
