AI TOOL PROFILE
Pinpoint: Predictive Analytics for P&C Insurance
- Finance and Accounting
- Analytics and Reporting
- P&C Insurance Carriers
- Insurance Actuaries
- Insurance Underwriting Managers
- Insurance Claims Operations Leads
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- P&C Insurance Carriers, Insurance Actuaries, Insurance Underwriting Managers, Insurance Claims Operations Leads
- Key use cases
- Underwriting Risk Assessment, Precision Pricing, Claims Optimization, Marketing Lead Prioritization, Book Acquisition Strategy
- Official website
- Visit pinpoint official website
How AI is used
Pinpoint is a predictive analytics platform built for the property and casualty (P&C) insurance industry. It uses deep-learning models to provide risk scores and loss predictions that can be integrated into insurance workflows.
The software supports functions across marketing, underwriting, ratemaking, and claims management. By providing signals based on name and address, the tool is intended to help carriers make decisions regarding lead acquisition and risk selection.
The platform features actuary-built models and emphasizes regulatory compliance. The company is SOC 2 Type II certified and compliant with CCPA privacy regulations.
Buyers should confirm if specific state-approved models align with their operational regions, as evidence mentions approvals in Wisconsin, Illinois, Louisiana, and Mississippi.
Key Features
AI-Powered Loss Predictions
Uses deep-learning to predict loss outcomes for auto and homeowners insurance lines.
Risk Scoring
Provides scores to identify the likelihood of litigation, fraud, and attorney representation.
Configurable APIs
Supports the deployment of predictive models into existing core systems via API or batch processing.
Actuary-Built Models
Models are developed by actuaries and independently validated to support regulatory compliance.
Discovery Models
Allows carriers to design and test custom predictive models for defined binary outcomes.
Compliance Framework
The platform is SOC 2 Type II certified and CCPA compliant.
Use Cases
Underwriting Risk Assessment
Using models to support eligibility screening and prioritize inspections.
Precision Pricing
Supporting ratemaking by aligning policy rates with predicted risk and maintaining regulatory filings.
Claims Optimization
Identifying high-impact risks such as litigation propensity or fraud to inform claims handling.
Marketing Lead Prioritization
Predicting the profitability and conversion potential of leads to focus acquisition spend.
Book Acquisition Strategy
Generating loss predictions for new books of business before the customer journey begins.
FAQ
Who is Pinpoint Predictive designed for?
- It is designed for property and casualty (P&C) insurance carriers to support risk selection and loss ratio management.
Does the software require historical data to work?
- Not always. Certain models, such as Attorney Rep Propensity and specific loss predictions, may provide value without historical outcomes.
How is the software integrated into insurance workflows?
- Predictive scores and insights are delivered via configurable APIs or batch processing to connect with existing core systems.
Source category: Finance & Accounting
Source subcategory: Analytics & Reporting
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