Partnership will enable more brokers to access CBPF’s Foresight data enrichment service

Close Brothers Premium Finance (CBPF) and Percayso Inform, today announce a new partnership that will make it easier and more seamless for personal lines brokers to access CBPF’s data insight tool, Foresight.

Launched in May 2022, Foresight dynamically predicts consumer behaviour and scores new car and van customers at point of quote, allowing brokers to predict those more likely to cancel mid-term, enabling brokers to make decisions about the direction their business should take.

Percayso’s data and intelligence hub ingests and adds value to a vast array of powerful datasets to provide next generation insurance intelligence services to insurance providers. Integrated with leading software houses including Acturis, Applied Systems, Genasys, Ignite, Open GI and SSP, its technology aggregates data from many different sources, allowing intelligence to be accessed with a simple API call at significant volume.

The new relationship will allow CBPFs broker partners, or indeed any broker, to get access to Foresight.

Colin Wallace, CBPF Sales Director, Personal Lines, said: “This important initiative enables our own broking partners, or indeed any PL broker, to benefit from Foresight technology, no matter what software house they use. In personal lines, access to data and insight, and enrichment tools such as Foresight, is now a ‘must have’ if brokers wish to thrive and prosper in this highly competitive sector.

“Many of our 1500 broking partners are finding demand for personal lines finance holding up during the current cost of living crisis, and that demand, especially in motor may well grow in light of recent significant increase in premiums.”

We warmly welcome our partnership with Percayso and look forward to a fruitful long term relationship with Dave Kelly and the rest of the team.”

Commercial Director, Dave Kelly, says: “We’re delighted to partner with Close Brothers Premium Finance to make it easier for brokers to access Foresight. Given the current cost of living crisis, it’s more likely that brokers are going to see increased demand from their customers to spread the cost of their insurance. Our partnership will not only help them to have a better understanding of their finance book to make more informed decisions, but
will help transform the power of their data into intelligence and insight that delivers positive
outcomes for their business.”

To find out more about Foresight, brokers can visit Close Brothers at BIBA 2023 on stand D30 or Percayso on stand C75.

About Close Brothers Premium Finance

CBPF works with over 1,500 brokers in the UK and Ireland, helping more than 3 million businesses and customers across the UK and Ireland spread the cost of their insurance premiums.

A pioneer in the field of premium finance, in 1977 CBPF was the first company to offer finance for insurance premiums. More than 45 years on we continue to deliver award- winning support through our strategic drivers of service, expertise and relationships.

For more information please contact Colin Wallace: colin.wallace@closebrothers.com

https://www.closebrotherspf.com/

Mia Wallace of Insurance Business UK sat down with Rich Tomlinson, MD of Percayso Inform to discuss the evolution of data analytics.

 

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We are proud to announce a new partnership with software-as-a-service provider, Acturis.

Percayso Inform will make its next generation enrichment hub available to Acturis, allowing intelligence to be accessed with a simple API call at significant volume. Additionally, Percayso will also provide its ground-breaking Percayso Inform Manager low-code solution, enabling Acturis broker, MGA and insurer partners to dynamically and intuitively build, adapt and optimise their data enrichment, rating and intelligence strategies.

These services are currently available for private car, and will be extended to household over the coming months.

Hannah Crompton, Personal Lines Product Manager at Acturis , comments: “We’re delighted to partner with Percayso. We are always looking for ways to enhance our rating solutions so integrating with Percayso was an obvious choice, and will help to ensure our customers have access to the very best data sources to support their pricing and underwriting decisions .”

Percayso Inform MD, Rich Tomlinson, adds: “We’re excited to be working with Acturis and relish the opportunity to support their drive to get the best product pricing to their broker partners and to provide insurers and MGAs with access to the very latest enrichment and data services.”