Pinpoint is known for leveraging full automation, ML and “behavioural economics data points” to deliver “precise loss predictions”. Credit: 3rdtimeluckystudio/Shutterstock.

Insurtech Pinpoint Predictive has teamed up with Lightspeed Specialty Insurance Solutions, aiming to integrate its loss predictions into Lightspeed’s pricing models.  

This partnership is set to enhance underwriting accuracy and operational efficiency for Lightspeed Insurance.  

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Pinpoint is known for using full automation, machine learning (ML) and “behavioural economics data points” to deliver “precise loss predictions” that enable insurers to materially improve loss ratios. 

By incorporating Pinpoint’s technology, Lightspeed intends to refine its pricing strategies, ensuring accurate risk selection and optimised premium structures.  

Lightspeed is operating as a managing general agent, delivering homeowners and landlord coverage solutions through select retail agents in California, US.  

Its solutions are underwritten on behalf of underwriters at Lloyd’s of London, along with other carriers. 

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Pinpoint CEO Scott Ham said: “We are excited to partner with Lightspeed Insurance to bring our predictive analytics capabilities to their pricing processes. This collaboration underscores our commitment to empowering insurers with innovative tools that drive profitability and enhance customer satisfaction.” 

Lightspeed Insurance chief underwriting officer Zak Belanger stated: “Integrating Pinpoint’s predictive analytics into our pricing models represents a significant advancement in our underwriting capabilities. This partnership enables us to better assess risk and offer more competitive pricing to our customers.” 

Pinpoint Predictive offers property and casualty insurers loss forecasts and risk assessments.

The company closed its Series A funding round in October 2024.  

The round was led by the insurtech venture capital firm Markd, with participation from Jazz Venture Partners, Guidewire Ventures, Verstra Ventures, Navigate Ventures and Seraph Group.  

Although the amount raised in this round was not disclosed, Pinpoint has confirmed that total capital now exceeds $23m.