Pinpoint Predictive Inc. Market Research Report
Company Overview
Name
Pinpoint Predictive Inc.
Mission of the Company
Pinpoint Predictive aims to prepare the insurance industry for a more equitable, profitable, and efficient future by utilizing automated predictions and technology.
Founded
- Year: 2015
- Founders: No specific founder information provided.
Key People in the Company
- Scott Ham: CEO
- Avi Tuschman: Founder & CIO
- Devyn McNicoll: Head of Actuarial
- Wei Hsu: VP of Engineering
- Trevor Giroux: Head of Client Services
Headquarters
San Mateo, California, USA
Number of Employees
11-50 employees
Revenue
No information is available
Known For
Pinpoint Predictive is known for its AI-powered platform delivering Loss Predictions and Risk Scores to P&C (Property and Casualty) Insurers. The platform utilizes deep learning and behavioral economics data to provide early and accurate loss predictions and risk scores.
Products
Product Offerings
1. Loss Predictions
- Description: Enables carriers to predict claims frequency, claims severity, and loss cost for homeowners and personal auto.
- Key Features: Provides prospective view towards risk before customers acquire or renew a policy for maximizing profitable growth.
2. Risk Scores
- Description: Determines the likelihood of litigation, SIU (Special Investigative Unit) referral, non-pay cancellation, and premium leakage.
- Key Features: Offers insights before customers acquire a policy or renew, aiding in assessing future profitability.
3. ROI Calculator
- Description: Highlights loss ratio improvement and savings for carriers using Pinpoint Loss Predictions.
- Key Features: Quantifies the impact of financial models.
Recent Developments
Recent Developments in the Company
- October 8, 2024: Announced the closing of Series A Raise.
- September 2024: Bolstered leadership and strategic advisor teams.
- Achievements: Selected as a finalist in Digital Insurance Awards Americas for InsurTech Innovation.
New Products Launched
No information is available on specific new product launches.
New Features Added to Existing Products
No information is available.
Partnerships
- Collaborated with Cytora to revolutionize SME and Commercial Auto Risk Assessment (December 14, 2023).
- Partnered with The Philadelphia Contributionship to bridge traditional and tech for future insurance solutions (September 26, 2023).
Summary
Pinpoint Predictive leverages state-of-the-art AI technology to provide P&C insurers with highly accurate risk assessments. With a focus on early risk intelligence, the company's platform aids in optimizing profitability and enhancing customer understanding. Pinpoint Predictive's innovative solutions highlight their position as a pivotal player in the insurance technology space, synergizing prediction accuracy with ethical standards of fairness and privacy.
For further inquiries or clarification on the information provided, contact Pinpoint Predictive at info@pinpoint.ai or visit their website at [pinpoint.ai](https://www.pinpoint.ai).
