UK Insurance Firms Tackle Quote Manipulation through Percayso-Inform Manager Powered by Sparkling Logic SMARTS™
Next-Generation Insurance Intelligence through Data, Analytics, and Decision Management Technology
SUNNYVALE, Calif. - Jan. 30, 2024 - PRLog -- Insurance intelligence provider, Percayso Inform, continues to expand its quote intelligence solutions through their next-generation, no-code SaaS, Percayso - Inform Manager.
Quote manipulation, where applicants intentionally use falsified information in order to get a lower premium, is a pervasive problem in insurance. In a commoditized market, price is king. Therefore, the long-term success of insurance firms depends on their ability to identify and mitigate quote manipulation and other forms of fraud and credit risk.
Powered by leading decision management platform Sparkling Logic SMARTS™, Percayso - Inform Manager integrates Percayso Inform's award-winning, proprietary quote intelligence with real-time application data to empower UK insurers, brokers, and MGA's to dynamically build and optimize their data enrichment, rating, and quote intelligence strategies. Through Percayso - Inform Manager, insurance firms can better price policies according to risk while reducing overall fraud and claims.
"We envisioned a world where insurance providers could take back control of their rating strategies and Sparkling Logic has enabled us to make that vision a reality," said David Kelly, Commercial Director at Percayso Inform.
"From our early discussion with Percayso Inform, we could tell that Percayso - Inform Manager would be a game changer," said Carole-Ann Berlioz, Co-Founder and Chief Product Officer at Sparkling Logic. "We're thrilled to see the market respond accordingly."
Insurance firms that have adopted Percayso - Inform Manager include specialist motor insurance MGA, Somerset Bridge, personal lines insurer, Ageas, and most recently, specialist motor insurer ERS.
"We're delighted to integrate Percayso into our data ecosystem," said Martin Hall, Active Underwriter at ERS. "Their quote intelligence platform adds a further tool to our arsenal in combating the increasingly concerning issue of quote manipulation."
In addition to mitigating quote manipulation, Percayso Inform works with clients on quote prefill management, quote cleaning, data enrichment and capstone management.
About Sparkling Logic
Sparkling Logic Inc. is a Silicon Valley-based company dedicated to helping organizations automate and optimize key decisions in daily business operations and customer interactions in a low-code, no-code environment. Sparkling Logic's customers include global leaders in financial services, insurance, healthcare, retail, utilities, and IoT.
Sparkling Logic SMARTS™ is a modern, enterprise-level, application-
Learn more at www.sparklinglogic.com.
About Percayso Inform
Percayso Inform's insurance intelligence goes beyond traditional data enrichment, providing unique, real-time solutions at all stages of the insurance lifecycle and delivers unrivalled insight into insurance customers, risk and fraud.
Learn more at percayso-inform.com and LinkedIn or contact Lesley Bennett at LMR Communications on +44 (0)7815 778038