Percipience Consulting Debuts Data Magnifier Insurance Data & Analytics Solution

Insurance Innovation Reporter
The enterprise data model supporting both P&C and L&A companies is designed for insurers who have multiple core systems and want to make external data available in a comprehensive, consistent and consumable structure.
Vancouver, WA – September 3, 2020 — Percipience (New Orleans) launched today by industry veterans Bruce F. Broussard and Ajay Kelshiker (see related story here) announced the debut of its Data Magnifier insurance-specific data and analytics solution. Deployable on premise or in the cloud, Data Magnifier uses industry standards to modernize, collect, organize and analyze insurance data, according to a Percipience statement. The solution is currently being implemented to support enterprise regulatory reporting, book of business analysis and creating a 360-degree view of policyholders and producers.

Percipience describes the solution as an insurance enterprise data model supporting both property/casualty and life/annuity companies. Data Magnifier is designed for insurers who have multiple policy, billing or claims systems and want to make that and external data available in a comprehensive, consistent and consumable structure that can be effectively leveraged by both IT and business users. Based on industry standards, Data Magnifier is extensible and allows insurers to implement the solution as an operational data store, data lake, data warehouse and/or data marts. It provides insurers with the option of supporting it internally without dependence on a software vendor, making it ideal for those who wish to take control of their data future, the Percipience statement says.


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About Percipience LLC

Percipience is an insurtech data and analytics software provider, whose core-system agnostic Data Magnifier platform quickly transforms siloed data from multiple sources into a competitive advantage. Data Magnifier’s comprehensive integration, data management, and reporting components can be deployed on any cloud platform and database. Delivered with the detailed documentation of an in-house developed application, insurers have full control of the solution and are empowered to own their data. Percipience’s “start where you are” approach provides flexibility to preserve the investments made in existing assets and select only the Data Magnifier components needed to “fill in the blanks” for a comprehensive data platform. For more information, please visit www.percipience.com.

 

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