TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has announced a partnership with analytics platform Pinpoint Predictive.
Pinpoint’s platform uses proprietary data and deep learning algorithms to help insurers.
Pinpoint’s automated platform produces risk scores for individuals as well as explainable analytics revealing the factors that drive specific human behaviors.
These new capabilities aim to “allow insurance companies to significantly boost key predictions at the time of quote, including claims frequency, SIU referral, litigation propensity, cancellation, and home-inspection outcomes”.
Bill O’Keefe, TigerRisk’s head of strategy, said: “We are continually looking to partner with best-in-class insurtech firms, and we think Pinpoint fits that criteria.
“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.“
He added: “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.”
Scott Ham, Pinpoint chief executive officer, said: “We are thrilled to be partnering with TigerRisk to offer their clients our unique and impactful platform.
“Personalizing predictive analytics with Pinpoint provides a tremendous opportunity to treat people as true individuals with future potential”.
Avi Tuschman, founder and CIO, 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.”