Pinnacle has partnered with MSB to maintain and support PerilVision. We can maximize your PerilVision evaluation and implementation with more than a decade of predictive analytic experience and our pricing and underwriting expertise.
For more information about PerilVision, contact:
Laura A. Maxwell
Aaron N. Hillebrandt
Robert J. Walling III
Derek W. Freihaut
Joseph A. Herbers
Marshall & Swift / Boeckh (MSB), a CoreLogic company, is the leading supplier of local building cost information, residential and commercial property valuation technology and services for the property and casualty insurance sector in the United States and Canada. MSB has five offices throughout the U.S. and Canada. For more information, visit MSB’s website at www.msbinfo.com.
If your company writes homeowners insurance, you already know how competitive the market can be. That’s why you need to know more about the risks you are insuring so that you have every tool possible to protect and gain market share.
Thanks to a strategic partnership between Pinnacle Actuarial Resources, Inc. - the insurance predictive analytics authority - and MSB, the go-to source for property intelligence; you can transform your book of business by leveraging risk-based building characteristics in your pricing and underwriting.
Using MSB’s property intelligence and Pinnacle’s predictive analytic expertise, PerilVision™ delivers peril-specific scores and a composite score to predict loss potential on each household. The scores correlate objective and observable property characteristics to loss potential based on your company’s historical claims data and a compiled industry database. This approach provides a solution specific and appropriate for each company, while at the same time allowing even small companies to have the data and support usually limited to large insurers.
As another means of predicting a home’s exposure to loss, PerilVision scores go beyond just using Amount of Insurance. The additional knowledge obtained from PerilVision creates a proven competitive advantage, enabling insurers to price more precisely through enhanced risk segmentation and make more informed underwriting decisions
We can maximize your PerilVision™ evaluation and implementation with more than a decade of predictive modeling, pricing and underwriting experience. Any time a new element is introduced into your rating structure, it is critical to understand any impacts on your existing rating structure, set the appropriate rate levels and measure impacts on your book of business. With Pinnacle’s modeling expertise and knowledge of PerilVision, we can help you do just that.
Pricing Segmentation: Scores can be directly integrated into a by-peril rating or traditional total homeowners rating structure to more accurately and competitively price homeowners products.
Target Marketing: Consider the marketing advantages. Carriers using PerilVision have better market knowledge that allows them to target market to specific, competitively priced segments. PerilVision uses readily-available characteristics, such as exterior siding and foundation type; which can be directly used for target marketing to attract the most profitable risks.
With MSB’s unparalleled industry database of historical claims data and rich property characteristics, PerilVision provides credible data most companies do not have independently.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
July 23, 2020
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