Percayso Inform, a prominent insurance intelligence provider, has launched an enhanced version of its Quote Intelligence platform, which has been operational for over four years. Since its initial release, the platform has processed hundreds of millions of quotes, collecting extensive data on various insurance providers’ unique needs and procedures. This vast dataset has allowed Percayso Inform to identify significant gaps in how providers capture information, leading to missed opportunities for attracting and retaining optimal customers. The new upgrades to the Quote Intelligence platform aim to address these issues and promise to revolutionize operations for insurers, brokers, and MGAs.
One of the key enhancements to the platform is the introduction of advanced fuzzy matching techniques that significantly increase the number of quote matches. This sophisticated technology enables insurance providers not only to match quotes more accurately but also to include named drivers in addition to the primary proposer. The platform continues to support private matched quote interpretation through the Percayso Inform Manager (PIM), a low-code SaaS solution that facilitates seamless integration and data management. These capabilities are designed to enhance providers’ ability to identify additional quote matches, resulting in more accurate detection of quote manipulation and ultimately reducing fraud.
Rich Tomlinson, Managing Director of Percayso Inform, emphasized that for insurers to achieve optimal results, they must identify any manipulation in real-time, assess its severity, and apply well-optimized strategies. The upgraded platform is specifically designed to facilitate sharper pricing decisions, improving both customer acquisition and loss ratios. By leveraging these new capabilities, insurance providers can make more informed decisions, enhancing their overall efficiency and ensuring better outcomes for the industry.
In summary, the revamped Quote Intelligence platform introduced by Percayso Inform promises to address critical data capture gaps, enhance fraud detection, and optimize pricing strategies. These advancements are set to create a transformative impact on the insurance sector, empowering insurers to operate more effectively and deliver superior results to their customers. The industry can look forward to more precise and efficient quote processing, leading to improved performance and profitability across the board.