Carrier Management recently published a release from AM Best revealing that the homeowners insurance sector suffered an underwriting loss amounting to $15.2 billion in 2023. This loss is more than double that of the previous year and marks the worst underwriting results since 2000. This spike is attributed to increased weather-related events and shifting population demographics, leading insurers to confront significant challenges in underwriting and risk assessment.
Pinpoint Predictive
Addressing Homeowners Underwriting with Behavioral Risk Predictions
Aug 28, 2024 / by Devyn McNicoll posted in Personal Lines, Technology, Data & Technology, Homeowners, Modeling/Predictive Analytics, Data/Tech, Underwriting, Risk, AI, Artificial Intelligence, Pinpoint Predictive
Pinpoint Predictive, Inc. Joins AAIS Partner Program, Empowering AAIS Members with Strategic Risk Selection for Enhanced Profitability
Jul 29, 2024 / by AAIS posted in Technology, Data & Technology, Modeling/Predictive Analytics, Data/Tech, Risk, AI, Artificial Intelligence, Press Release, Pinpoint Predictive
Pinpoint Predictive to offer AAIS Members access to their revolutionary risk selection platform that goes beyond traditional variables.