Insurance intelligence provider, Percayso Inform, has today launched an updated version of its market-leading Quote Intelligence platform.

“Since launching our next-generation quote intelligence platform to the market just over four years ago, we’ve processed many hundreds of millions of quotes and gathered a huge amount of information about the varying needs and processes of all the different insurance providers that we work with,” said Rich Tomlinson, Managing Director at Percayso.

“Having analysed all this information, it became clear that there remains a critical gap in how providers capture data, meaning they’re still missing opportunities to attract and retain the best customers. The upgrades that we’re announcing today address these issues and I’m confident will be a game-changer for insurers, brokers and MGAs alike.”

Key elements of the upgrades to Percayso’s Quote Intelligence platform include:

• The introduction of sophisticated fuzzy matching techniques which substantially increases the number of quote matches
• The ability to match named drivers in addition to the proposer
• Quote Intelligence continues to support private matched quote interpretation via the Percayso Inform Manager (PIM) low-code SaaS platform

These new capabilities are designed to greatly enhance an insurance provider’s ability to identify additional quote matches, which in turn enables the more accurate identification of quote manipulation activity, helping providers to reduce fraud and optimise pricing.

Tomlinson continues: “To achieve the best results, insurance providers need to ensure they are first able to spot manipulation in real-time, assess its severity and apply an optimised strategy. This will facilitate sharper pricing decisions, better customer acquisition and improve loss ratios. That’s the outcome our upgraded platform delivers.”

Content provided by Percayso Inform.