The US-based company’s technology utilises machine learning and behavioural insights to improve the accuracy of underwriting and actuarial decisions.
Pinpoint Predictive, a risk assessment platform for property and casualty (P&C) insurers, has announced the closure of its Series A funding round.
The round was spearheaded by the insurtech venture capital firm, Markd.
Other participants included Jazz Venture Partners, Guidewire Ventures, Verstra Ventures, Navigate Ventures, and Seraph Group.
While the amount raised in this round was not disclosed, Pinpoint has confirmed that the total capital now exceeds $23m.
The US-based company’s technology utilises machine learning and behavioural insights to improve the accuracy of underwriting and actuarial decisions.
According to Pinpoint, its clients have observed significant improvements in loss ratios, ranging from three to ten points, by leveraging the platform’s predictive capabilities.
Source Article: https://www.lifeinsuranceinternational.com/news/pinpoint-predictive-closes-series-a/?cf-view