UPDATE: Pinpoint Predictive Partners with Lightspeed Insurance to Enhance Pricing Precision and Advance Industry Standards

Amplifying Risk Selection and Streamlining Underwriting for Greater Efficiency

SAN MATEO, Calif., Feb. 6, 2025 /PRNewswire/ -- Pinpoint Predictive, Inc., the leading risk assessment platform for Property and Casualty (P&C) insurers, is pleased to announce a strategic partnership with Lightspeed Specialty Insurance Solutions, a prominent provider of innovative insurance products. This collaboration aims to integrate Pinpoint's advanced loss predictions into Lightspeed's pricing models, enhancing underwriting accuracy and operational efficiency highlighting their transformative role in the insurance industry.

Pinpoint Predictive leverages full automation, advanced machine learning, and novel behavioral economics datapoints to deliver precise loss predictions, enabling insurers to materially improve loss ratios. By incorporating Pinpoint's technology, Lightspeed Insurance intends to refine its pricing strategies, ensuring more accurate risk selection and optimized premium structures.

"We are excited to partner with Lightspeed Insurance to bring our predictive analytics capabilities to their pricing processes," said Scott Ham, CEO of Pinpoint Predictive. "This collaboration underscores our commitment to empowering insurers with innovative tools that drive profitability and enhance customer satisfaction."

Lightspeed Specialty Insurance Solutions is a team of proven California property experts operating as an MGA, delivering homeowners and landlord coverage solutions through select California retail agents. Their solutions are underwritten on behalf of exceptional underwriters at Lloyd's of London, along with other top carriers.

"Integrating Pinpoint's predictive analytics into our pricing models represents a significant advancement in our underwriting capabilities," said Zak Belanger, Chief Underwriting Officer at Lightspeed Insurance. "This partnership enables us to better assess risk and offer more competitive pricing to our customers."

This partnership reflects a shared vision between Pinpoint Predictive and Lightspeed Insurance to harness advanced technology for improved risk assessment and customer-centric solutions.

For partnership opportunities, contact [email protected].

About Pinpoint Predictive, Inc.

Pinpoint Predictive provides P&C insurers with the earliest and most accurate loss predictions and risk scores to fast-track profitable growth. Unlike traditional methods, Pinpoint's platform leverages deep learning, proprietary behavioral economics data, and trillions of individual behavioral predictors to help insurers identify the risk costs associated with customers and prospects.

Insurtech 100 Awards 2022 | Insurtech Vanguard | AI Breakthrough Awards 2023 | Global Tech Awards 2023 ? Category Winner for AI, AnalyticsTech and Insurtech | Insurance Awards 2023 ? Category winner for Insurtech in World Finance Magazine | Most Innovative Company in the Insurtech Industry 2024

www.pinpoint.ai | LinkedIn | [email protected] 

About Lightspeed Specialty Insurance Solutions

Lightspeed Specialty Insurance Solutions ("Lightspeed") is a California homeowners property specialist dedicated to bringing much needed capacity to the distraught California homeowners and landlord market. Lightspeed is a subsidiary of Volnay Insurance Holdings, LLC ("Volnay"), a Lloyds cover-holder. Volnay is led by Chief Executive Officer Chris Rigdon. Volnay and LightSpeed are licensed by the state of California as Volnay Insurance Holdings, LLC DBA LightSpeed Specialty Insurance Solutions CA license 6011833.

To learn more, visit https://lsins.com.

SOURCE Pinpoint Predictive