Percipience, a leading insurtech data and analytics software provider, recently completed the successful implementation of Data Magnifier at Ascot Group Limited. This collaboration between Ascot and Percipience resulted in the timely and cost-effective delivery of the data magnifier solution.
As a prominent specialty risk assumption organization, Ascot selected Data Magnifier to consolidate data from multiple core administration systems into a robust data warehouse. The implementation of Data Magnifier was driven by the need to support Ascot’s rapidly growing U.S. specialty insurance program.
Tim Gambocurta, Vice President of Information Management for Ascot U.S., highlighted three key reasons for choosing Data Magnifier. First, the platform offers a comprehensive and proven insurance data model that can be extended if needed. Second, Data Magnifier’s development framework significantly reduces implementation time and facilitates a smooth transition. Lastly, the cost of integrating multiple source systems using Data Magnifier was more economical compared to other service providers.
Deployed in Ascot’s Microsoft Azure environment with Azure SQL as the underlying database, Data Magnifier optimizes investments in existing technology and establishes a consistent and reconciled data repository. This centralized data model provides Ascot with the flexibility to support future strategic business expansion and enhance operational and management reporting capabilities.
Bruce F. Broussard Jr., managing partner at Percipience, emphasized the importance of untangling and normalizing enterprise data to enable advanced analytics and AI in the insurance industry. Data Magnifier empowers insurers to make their data readily available in a usable form, delivering valuable insights to key stakeholders at a lower total cost of ownership.
Percipience continues to enhance Data Magnifier with more robust data integration and AI capabilities to further increase the value delivered to insurance organizations like Ascot Group. The successful implementation of Data Magnifier at Ascot is a testament to the platform’s ability to transform siloed data into a competitive advantage and drive ROI for insurers.
For more information about Percipience and Data Magnifier, visit www.percipience.com. Learn more about Ascot Group Limited by visiting www.ascotgroup.com.
