Pinpoint Predictive, which provides Property and Casualty insurers with a top-of-funnel, deep-learning-powered loss predictions and risk scores, announced that the company has joined Guidewire’s Insurtech Vanguards program. This is an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.
“Guidewire has a great reputation, and we are thrilled to align ourselves with a forward-thinking leader in the insurance sector that recognizes the impact that insurtechs can bring,” said Scott Ham, CEO of Pinpoint. “Being able to work with and strategize with experts such as those leaders and Guidewire is a huge step in this period of rapid growth for Pinpoint.”
Pinpoint uses deep-learning AI at scale to significantly improve loss ratios. By providing loss predictions and specific risk behavior scores even before an application is submitted, Pinpoint is enabling insurers to focus their acquisition, renewal, and book-roll processes on the customers who will best benefit the entire book of business.
Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to, and advocates for, the participating insurtechs, while connecting them with Guidewire’s P&C customers.