Ascot Group Deploys Percipience’s Data Magnifier

Implemented more than a month ahead of schedule and under budget, the solution is already producing a return on Ascot’s initial invested.

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Ascot Group Limited (Stamford, Conn./Pembroke, Bermuda) has implemented Percipience’s (New Orleans) Data Magnifier. The implementation was completed more than a month ahead of schedule and under budget by a blended team Ascot and Percipience.

Tim Gambocurta, VP, Information Management, Ascot U.S.

Ascot is a globally prominent specialty risk assumption organization. With the company’s U.S. specialty insurance program experiencing rapid growth, Percipience and Data Magnifier, Percipience’s core system agnostic, data and analytics platform, were selected to consolidate data from multiple core administration systems into a robust data warehouse leveraging Ascot’s existing tech stack.

“We chose Data Magnifier for three key reasons,” comments Tim Gambocurta, VP, Information Management, Ascot U.S. “First, it provided a comprehensive, proven insurance data model that could be extended if necessary. Second, Data Magnifier has a development framework that allowed us to reduce the implementation time significantly and ease the transition to allow my current staff to extend the integrations for future sources. Lastly, cost: integrating three source systems using Data Magnifier was significantly cheaper than another service provider estimated.”

Deployed in Ascot’s Microsoft Azure environment with Azure SQL as the underlying database, Percipience’s Data Magnifier optimizes investments in existing technology, establishes a consistent, conformed, and reconciled data repository which supports basic operational and management reporting, as well as more advanced analytics, according to a Percipience statement. Using Data Magnifier, Ascot now has a centralized, comprehensive insurance model and framework with the flexibility to support the company’s future strategic business expansion.

Enabling the Real Promise of Advanced Analytics and AI

Bruce F. Broussard, Jr., Co-Founder and Managing Partner, Percipience.

“As we continue to enhance Data Magnifier with more robust data integration and artificial intelligence (AI) capabilities, we’re always aware of ‘the assignment,’” comments Bruce F. Broussard Jr., managing partner at Percipience. “Insurance organizations have spent decades adding applications which have further separated and segregated their internal data.”

“The real promise of advanced analytics and AI in insurance is only possible after you’ve been able to make your enterprise data available in a usable form. Data Magnifier untangles and normalizes needed, relevant data across the enterprise to better deliver insights to underwriters, actuaries, CXO, and operations leaders at the lowest total cost of ownership (TCO) in the industry,” Broussard adds. “We are proud to have Ascot Group as a partner and pleased they are realizing the ROI they had planned. We look forward to continuing to work with them to further increase the value they get from the platform.”

Percipience Releases New Version of Data Magnifier Platform

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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