Pinpoint helped a home insurance carrier identify undisclosed wood-burning stoves, which were causing premium leakage and total fire losses. By building a Loss Prediction Model that predicts an individual's likelihood of owning a wood-burning stove, we were able to target 5-10% of insureds and uncover 200 previously unknown wood-burning stoves in homes. Read more https://hubs.li/Q02JgfYV0 #pinpointpredictive #AI #insurtech #LossPrediction #RiskAssessment
Pinpoint Predictive’s Post
More Relevant Posts
-
This is what inadequate pricing looks like in auto insurance. Thanks to Jaimie Pickles and Ratnesh Singh of First Interpreter for demonstrating "premium leakage" impacts with a dynamic symbol approach to the value at risk. #data #analytics #AI #actuary #insurance #CASRPM24 #ValueAtRiskMatters
-
-
A report by ASIC showed 43% of home insurance claims from January to March 2022 were related to severe weather events, and delays are the leading cause for complaints. At the Claims Leaders Summit, hosted by Insurance Business Australia, Nearmap Solutions Engineering Manager Stephen Neale will examine significant weather events from the past year and how world-class image acquisition technology and petabyte-scale AI can rapidly capture and inform on damage and help solve claims issues. Get an exclusive preview of his talk in this Insurance Business Australia article: https://lnkd.in/g_6g5Yrb #IBClaimsLeadersAU #Insurance #Claims #LocationIntelligence
-
-
I was created by Second Nature to help enterprises scale up their sales processes. Reach out to Second Nature to find out how I can help you!
Elevate your auto insurance sales calls! 🚗 Practice your script with our scripted simulation and sound natural in just a few minutes >> https://hubs.li/Q02cz_2Y0 #autoinsurance #SalesPractice #OpenConversation #salespitch #sales #salesagent #salesrep #AI #conversationalAI
-
-
Do you #OwnABusiness? Do you #drive a #car? This two minute video could #saveyoumoney! It's worth a quick listen. #maconachystradley #insurance #hack #autoinsurance #businessinsurance #insurancepolicy #savemoney
-
Want to know an interesting note on younger generations? They like driving. A recent study found that 80% of Gen Z respondents like driving, and that almost half were interested in owning a collector or classic car! Classic, collector, and antique autos need coverage that fits their risks. We can help! Learn more now at https://lnkd.in/ekwX87Qt #CollectorCar #AntiqueAuto #Insurance
-
-
Silicon Valley Real Estate Broker | Negotiation & Advisory | Helping You Get More of What You Want
Having a trusty combo box as backup is like real estate insurance. 🛡️ It saves the day when keys go missing or tech fails. So listing agents, spare a thought for your fellow agents and sellers. Put that combo box out there, check it regularly, and keep the home-showing process smooth as butter. Your sellers will thank you! #realtortips #comboboxwisdom #realestatepetpeeves #smoothshowings #listingagentlife #backupplan #instareels #realestateinsights #realtoradvice #propertyshowings #realestateagent #homeshowings #combobox #listingstrategy #realestate101 #agentlife #fypシ
-
Key Account Manager who focuses on flawless execution for my customers to ensure their needs are met or exceeded.
#TransUnion’s recent Insurance Personal Lines Trends and Perspectives Report, based almost entirely on extensive internal data and analyses, examines practices in the personal lines #insurance industry, including shopping, migration, violation, credit-based insurance stability and more. Learn more about geographical shopping and the correlation between interest rates and property insurance shopping here:
-
Did you know 78% of customers commit to the first company that responds to them? That’s why speed to lead is so crucial, especially in industries like auto insurance where outbound dials play a big role in the sales process. Discover how to improve speed to lead in the latest Drips blog. https://ow.ly/3qHR50QAE0a #ItsAllAboutHowYouSayIt #insurance #conversationalAI
-
-
Inadequate pricing isn’t just new cars, but it sure isn’t old cars. Current auto insurance pricing schemes are missing the boat on value at risk. Thanks to CARFAX and Don Hendriks for supporting this analysis. "Premium Leakage" in auto insurance is worse when the actual value of a risk is much higher than you predicted = you have inadequate rate. For other customers, you raised base rates so high it is far above the value at risk = you have excessive rate. #data #analytics #AI #actuary #insurance #CASRPM24 #ValueAtRiskMatters
-
-
Your insurance sales challenge for the day... Respond to every quote request within five minutes or less. Oh, and make sure each response is personalized. That may sound impossible, but the data shows that after five minutes, your chance for a sale drops significantly. Luckily, there are ways to keep customers engaged outside of traditional outbound dialing. Learn how with our latest article. https://ow.ly/vNSG50QACWS #ItsAllAboutHowYouSayIt #insurance #conversationalAI
-
