A planned implementation under six months delivering advanced analytics, reports, dashboards, and generative AI applications all played a part in this selection
NEW ORLEANS, May 23, 2024 – Percipience is pleased to announce Falcon Insurance Group (Falcon) has selected the company’s data and analytics solution, Data Magnifier, for the speed to market and robust analytics functionality offered right out-of-the-box (OOTB).
Falcon, based in Oak Brook, Illinois, writes high risk personal auto coverages in seven states and utilizes the Diamond suite from Percipience partner, Insuresoft, for policy, billing, and claims administration. Data Magnifier is inherently core system agnostic and designed to integrate seamlessly with any data source, and Percipience’s relationship with Insuresoft accelerates an already best-in-class delivery schedule.
“Percipience’s ability to quickly integrate with our existing systems and support our insurance products was important to us and gets us from selection to production with all integrations and historical data loads completed in less than six months,” said Brandon Miller, chief technology officer at Falcon. “Percipience’s continuing investments in Data Magnifier and the expansion of their advanced analytics capabilities gives us confidence that we have the right platform for both our tactical and strategic analytics needs.”
Uniquely, Percipience delivers all the data models, code, components, and documentation to allow their insurance clients, like Falcon, to have complete control of their data solution going forward. Data Magnifier’s client extension framework allows clients to extend the product’s integrations, data models, reports, and analytics themselves or with support from Percipience or a third-party to control the timing and cost of delivering company specific requirements to their business. By deploying on Percipience’s SaaS platform, they will further benefit from having Percipience’s management of the environment and application.
“Falcon Insurance Group is a great addition to our growing list of clients who recognize the advantages of having a modern, cloud-based insurance analytics solution that is independent of their back-end administration systems,” said Bruce F. Broussard Jr., managing director at Percipience. “They gain tremendous flexibility while delivering industry leading analytics capability in near-real time to support continued business growth. Brandon and the Falcon team have been great partners and we’re looking forward to helping them transform their data into a powerful competitive advantage.”
