How data is transforming home insurance for a Covid-19 world with insights and commentary from Richard Tomlinson.
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see link below:
<a href="https://www.insurancetimes.co.uk/analysis/how-data-is-transforming-home-insurance-for-a-covid-19-world/1434298.article">Insurance Times article</a>

Insurance Times post: Data transforming home insurance for a Covid-19 world.

At Percayso Inform we want to do things a little bit differently.&nbsp;
Just as most Insurtechs worth their salt are laser focussed on the customer experience to differentiate themselves from the incumbent insurers, Percayso has set out to do exactly the same for our clients.&nbsp;
Data enrichment has been around for many years, within insurance, and some would argue has always been a part of insurance risk pricing in different forms. The difference now is the quantity and breadth of data analysed, processed and delivered to the point of customer interaction – with increasing levels of sophistication as each insurance provider vies for an edge to beat their competition.&nbsp;
The Percayso team has a depth of experience in this area and has set out to bring something truly unique to the market.
However, when we talk about what makes us different, we don’t take the usual approach of just talking about products. Yes, we have all the usual data sets, and quite a few new and unique ones as well. Yes, we have access to the latest talent and platforms in AI and machine learning, which allow us to extract more value from that data than ever before. But on its own, we don’t think that is enough to really stand out and to live and breathe the type of business we are.
What makes us different is why we do what we do and how.
The why
Finding your ‘why’ is crucial for any business and for us it was easy.&nbsp;
Making a difference to our insurance partners’ businesses is the best way to make a difference to our own!&nbsp;
Whether this is enabling a start-up MGA insurtech to compete with the big boys, by giving them access to all the necessary tools, or working with larger insurers and brokers to hone what they are already doing – the goal is the same – to make a difference to their business.&nbsp;
The more we are able to qualify and quantify this the better – so we can be sure that the impact we have is real and the solutions we implement offer value and longevity to our clients.&nbsp;
This may sound glaringly obvious but unfortunately we see and hear, from our insurance clients, that too many suppliers are not living by this mantra and their ‘why’ has become ‘to make more money’, ‘to grow by x%’ or ‘to shift more product’.&nbsp;&nbsp;
The how
In order to achieve our ‘why’ we need to work differently with our clients.&nbsp;
Percayso believes that working in partnership is not a catchy marketing angle or just something to say in a sales presentation – it’s our reason for being, it’s how we operate.&nbsp;&nbsp;
What this means in practice is that we seek to understand our clients’ objectives, needs and pain points and we work with them to find a solution. This means we take the time to understand their business, the strategy, the niche or the overriding mission and we align ourselves with that. It means we operate with absolute transparency and integrity – good, bad or indifferent because we believe that’s the right way to work.&nbsp;
At Percayso we want to be seen as your trusted advisor, someone to turn to for advice and someone you trust will give you a view based on experience and objectivity. We are data source and supplier agnostic so we can help you navigate the minefield of different suppliers championing their own individual source. We can help you understand which combination of solutions will really work for your business.
So when we are having new conversations with insurance providers, we don’t like to bang on about the data (of course we will if asked being the data nerds we are!) but we think it’s best to concentrate on their business and the exciting difference we can make.&nbsp;
That drives our ‘why’ and our ‘how’.&nbsp;
If this sounds like a refreshing change and more like how you would like to do business – we’d really love to hear from you!

Doing things differently

Insurance intelligence provider, Percayso Inform, today announces a new partnership with Verius Risk Solutions.
This new strategic partnership will provide Percayso Inform with access to Verius’ specialist database, VBase, which has been specifically designed to harness the power of the unique data sources available throughout the financial services market and help prevent insurance claims and application fraud.
Ian Lilley, Head of Partnerships at Percayso Inform, comments: “Verius is a valuable new partner for our business to team up with, augmenting the data that we already have access to with unique datasets that aren’t found in any other industry databases. This additional data represents a powerful tool to detect undisclosed claims, enrich data and further complete customer risk profiles to improve the prevention, detection and management of fraud.”
James Bilham, Founder of Verius Risk Solutions, adds: “We’re looking forward to working with the team at Percayso Inform. They’re taking a completely different approach to providing the insurance industry with the intelligence it needs to price individual solutions accurately. Our datasets are built from aggregating motor insurance claims data provided by the claimant supply chain, so brings a new edge to the intelligence that Percayso can deliver and help insurance businesses identify organised fraud that would otherwise go undetected.”

Percayso Inform partners with Verius Risk Solutions

Technology provider, CDL, has added Percayso Inform to its systems. According to the tech provider the move will give broker customers access to insurance intelligence, enhanced risk analysis and more competitive pricing. CDL detailed that the partnership will give insurers, brokers and MGAs access to Percayso Inform’s data hub, enabling quotes to be enriched with public, private and consented data, including a full complement of credit bureau information.
Insight Connectivity with CDL’s data and analytics platform will enable insights to be generated in a fraction of a second, at point of quote, to inform business decisions in real time. The provider described the addition as an effective predictor of a range of insurance outcomes, including fraud, claim risk and cancellations, and suggested the data will be used to better segment consumers and incentivise those with lower risk profiles by offering significant discounts.
CDL commercial director Nigel Phillips said: “In an increasingly competitive, price sensitive marketplace, retailers are always looking for the next way to stand out from the crowd, whether through offering better customer experiences or more competitive rates, with most employing data enrichment to achieve this. “The advanced information provided by Percayso Inform solutions will allow our partners to achieve a real and lasting competitive advantage by writing better quality business and increasing customer loyalty, ultimately improving profits and loss ratios.”
Percayso Managing Director Richard Tomlinson said: “This is great news for all of our insurer, broker and MGA clients providing essential connectivity between Percayso Informs next generation data enrichment capabilities and CDL’s market leading insurance software platform.”
<a rel="noopener noreferrer" href="https://www.insuranceage.co.uk/technology/7518166/cdl-adds-percayso-inform-to-platform">See the Insurance Age post here.</a>
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We are delighted to announce our partnership with CDL Software

Another announcement from the Percayso tech-o-sphere.
We’re delighted to congratulate Kira on being&nbsp; promoted to Software Engineer. Kira’s been instrumental in building and enhancing our data enrichment platforms over the past year.
Great job Kira!