Pinpoint Predictive Launches Its Platform for Florida Home Insurers to Reduce Frictional Costs With TRUE

Pinpoint Predictive, the leading platform providing powerful new predictive signals to insurers via individualized data enrichment and explainable analytics, has entered into a relationship with Trusted Resource Underwriters Exchange, or “TRUE”, a property carrier focused on coastal homeowners’ insurance.

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“Pinpoint’s explainable visualizations reveal what drives human behavior, and also the interesting reasons why conventional data have missed the signal on this important issue. We see the OnPoint platform as an important step forward in predicting behavior and ultimately reducing frictional costs and premiums for our members.”

Pinpoint Chief Executive Officer Scott Ham said the product was created specifically for the Florida market because home insurance costs are significantly higher there than in the rest of the country. “We’re pleased that TRUE is deploying Pinpoint’s Florida modeling to help identify and address drivers behind the increasing cost of insurance for homeowners in the Sunshine State,” Ham said.

Pinpoint Founder Avi Tuschman added: “Innovating this game-changing product entailed training our algorithms on massive amounts of new data linked to 14 of the largest home insurers in the state.”

Michael Lorion, CEO of TRUE, said: “Pinpoint’s explainable visualizations reveal what drives human behavior, and also the interesting reasons why conventional data have missed the signal on this important issue. We see the OnPoint platform as an important step forward in predicting behavior and ultimately reducing frictional costs and premiums for our members.”

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