The collaboration aims to improve underwriting accuracy, optimize risk selection, and enhance operational efficiency by incorporating Pinpoint’s machine learning-driven predictive analytics. Using automation and behavioral economics data, Pinpoint’s technology enables insurers to refine their pricing strategies, reduce loss ratios, and streamline underwriting processes.

By leveraging Pinpoint’s predictive insights, Lightspeed Insurance seeks to set new industry standards for precision in pricing and risk assessment, ensuring more data-driven decision-making in the evolving insurance landscape.

“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.”

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