Falcon Insurance Group Selects Percipience’s Data Magnifier SaaS Solution

A six-month implementation schedule advanced analytics, reports, dashboards, and generative AI applications were factors in the high-risk auto coverage provider’s selection of the solution.

(Image source: Falcon Insurance homepage.)

Falcon Insurance Group (Oak Brook, Ill.) has selected Percipience’s (New Orleans) data and analytics solution, Data Magnifier, for the speed-to-market and robust analytics functionality enabled by the solution right out-of-the-box.

Brandon Miller, CTO, Falcon Insurance Group.

Falcon writes high-risk personal auto coverages in seven states and utilizes the Diamond suite from Percipience partner, Insuresoft (Tuscaloosa, Ala.), for policy, billing, and claims administration. Data Magnifier a core system-agnostic application designed to integrate seamlessly with any data source. Percipience says its 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,” comments Brandon Miller, chief technology officer, 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.”

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

Percipience reports that it delivers all the data models, code, components, and documentation to allow its insurance clients, such as Falcon, to have complete control of their data solution. 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, the vendor says. By deploying on Percipience’s SaaS platform, Falcon will further benefit from having Percipience’s management of the environment and application, the vendor adds.

Gaining Flexibility

“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,” comments Bruce F. Broussard Jr., managing director, 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.”

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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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