The startup provides insurance intelligence services that utilize real-time data analytics to enhance risk assessment and fraud detection throughout the insurance lifecycle. By delivering actionable insights, the company enables insurers and brokers to improve customer retention, minimize claims, and optimize business operations.
Funding
$7.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurers and brokers face challenges in accurately assessing risk and detecting fraud throughout the insurance lifecycle, leading to increased claims and reduced profitability. Traditional data enrichment techniques often fail to provide the comprehensive, real-time insights needed to make informed decisions at every stage. This results in missed opportunities to improve customer retention, minimize losses, and optimize business operations.
Solution
Percayso Inform provides next-generation insurance intelligence solutions that go beyond traditional data enrichment, delivering actionable insights at all stages of the insurance lifecycle. The platform offers a modular solution comprised of integrated propositions, starting with the Percayso Enrich data hub, which provides access to a comprehensive partner network of public, private, and consented data sources, including private credit bureau data. Percayso Inform summarizes and interprets enrichment data, merging private bureau data from multiple sources to extract enhanced insights. The Deploy module empowers users to modify capstone strategies, realize a single customer view, and integrate seamlessly with existing infrastructure.
Target Audience
The primary target audience includes insurers, brokers, MGAs, and other insurance providers seeking to improve service and retention levels, reduce claims, and increase portfolio size and profitability.
Features
- Percayso Enrich: A data hub providing access to a comprehensive network of data partners via a single API call, with advanced caching for high-volume aggregator quotations.
- Percayso Inform: A smart layer that extracts information from raw data, standardizing and validating it before blending and summarizing according to bespoke strategies.
- Percayso Deploy: A module that puts the power in the hands of the user to make changes to capstone strategies, realize a single customer view, and integrate seamlessly with existing infrastructure.
- Analytics projects using traditional regression combined with machine learning and AI techniques to extract maximum value.
- Real-time vehicle data intelligence, including market demand insights, vehicle-specific valuations, and extensive data coverage from over 750,000 retail prices daily.
- Quote Manipulation solutions to identify and address fraudulent or manipulated quote submissions.
- Integration with specialist insurance software providers, such as Covernet and RDT, for seamless data enrichment capabilities.