Pinpoint Predictive, Inc. is pleased to welcome Nick Gerhart in the role of Strategic Advisor. Mr. Gerhart and has led the National Association of Insurance Commissioners (NAIC) on insurtech issues, and served on the NAIC’s Executive, Financial, Life and Annuity, and International Committees. Mr. Gerhart was also previously the Insurance Commissioner for Iowa, leading one of the largest domestic insurance states in the country. He currently serves as the Chief Innovation Officer at Homesteaders Life Company, as a board director for Carpe Data, and on the advisory boards of various other insurtech companies.
Pinpoint Predictive brings individualized intelligence to insurers to improve their LTV, risk selection, and loss ratios, prior to eligibility and renewal decisions. Mr. Gerhart’s extensive leadership in the industry and depth of experience in innovation, corporate strategy, compliance, and regulatory affairs make him a perfect fit as a Strategic Advisor to the organization, according to CEO Scott Ham.
“I am personally honored to have Nick join Pinpoint at this exciting time of expansion and growth. He has an unparalleled perspective, including a deep understanding of how things are done in insurance today, and also keen instincts on how they could be done in the future,” Ham said. “And in addition to being an exceptional insurance executive, he is also a true believer in Pinpoint’s mission and its ability to provide tremendous value to the industry.”
“The significant value of Pinpoint’s individualized intelligence, which has been realized by a growing group of innovative insurers, is one of the largest and most rapidly attainable in the P&C ecosystem. AI-powered solutions are increasingly changing the topography of the insurance industry, and I am excited to work with an organization at the forefront of that change,” remarked Nick Gerhart.
In addition to Mr. Gerhart’s work as an insurance commissioner and executive, he serves as a Member of the Board of Trustees for ChildServe and as a Board Member for Variety – the Children’s Charity of Iowa.
About Pinpoint Predictive
Pinpoint Predictive brings individualized intelligence to insurers to improve their LTV, risk selection, and loss ratios, prior to eligibility and renewal decisions. The company provides custom behavioral propensity scores and explainable analytics, which leverage the latest in privacy-safe data enrichment, AI, and behavioral economics. Pinpoint’s platform has unlocked over $100M in yearly savings for Top 10 home, auto, and small-business insurers, by enabling them to surpass baseline predictions for claims frequency, litigation propensity, SIU-referral propensity, early cancellation, and premium leakage. Pinpoint is backed by the Stanford StartX Fund, JAZZ Venture Partners, and other top insurance and Silicon Valley investors.