Re/insurance risk, capital and strategic advisor TigerRisk Partners has announced a new partnership with Pinpoint Predictive, an analytics platform that uses data and deep learning algorithms to inform P&C insurance decisions.
Using behavioural modelling of the adult population of the US, Pinpoint’s automated platform produces risk scores for individuals as well as analytics that can allow insurers to boost key predictions at the time of quote
These include claims frequency, SIU referral, litigation propensity, cancellation, and home-inspection outcomes.
The platform also helps optimize front-end processes across marketing and distribution channels, including aggregators, agency book rolls, MGAs, brokers, and direct.
“We are continually looking to partner with best-in-class insurtech firms, and we think Pinpoint fits that criteria”, said Bill O’Keefe, TigerRisk’s Head of Strategy.
“Pinpoint is a personality-focused data enrichment platform that provides new predictive power to carriers and MGAs, leveraging the latest in behavioral economics and artificial intelligence, all in a privacy-safe fashion. Factoring individuality into predictions can save $100s of millions per year. This partnership demonstrates TigerRisk’s commitment to supporting cutting-edge technology companies as well as our desire to bring value-added opportunities to our clients.”
“We are thrilled to be partnering with TigerRisk to offer their clients our unique and impactful platform,” said Pinpoint Chief Executive Officer Scott Ham. “Personalizing predictive analytics with Pinpoint provides a tremendous opportunity to treat people as true individuals with future potential”.
Founder and CIO Avi Tuschman added: “This partnership will allow Pinpoint to expand its reach and bring individualized intelligence to leading P&C carriers, enhancing their risk selection by making better forward-facing predictions.”