Data Magnifier Insurance Data SaaS Solution
Percipience LLC
Data Magnifier Insurance Data SaaS Solution
Percipience LLC
Data Magnifier Insurance Data SaaS Solution
Percipience LLC
Comprehensive insurance data solution that clients can customize for their unique requirements.
Data Magnifier is “Insurance Analytics in a Box”. It helps insurance carriers transform their businesses by creating immediate value from data. Simply pick your plan (see Plans and Pricing), provide the data, and start gaining deeper insights into your business! As a single platform offered as a service, Data Magnifier enables different insurance functions (including Underwriting, Actuarial, Policy Operations, Claims Operations, Audit, Accounting/Finance) taking advantage of the Azure Cloud to provide the performance and scale required by both large and small organizations.
OUT OF THE BOX FUNCTIONALITY - Data Magnifier has pre-built reports, dashboards and analytic accelerators that allow you to quickly build a modern data architecture with our leading cloud data platform. It is architected to provide insurance organizations with secured and governed access to all data and eliminates the complexity, cost and constraints introduced with other approaches.
Data Magnifier supports a wide range of capabilities – from pre-built reports and analytics to data warehousing, data lake, AI and many others – allowing users to access as much data as they need with minimal effort from IT.
SELF-SERVICE ENABLEMENT AND DOCUMENTATION - A key differentiator for Data Magnifier is that subscribers get extensive documentation built into the product - data models, data dictionary, complete data mapping and lineage among other artifacts - that enable insurance organizations to manage their data directly and extend the product to meet their unique requirements. They can choose to complete extensions themselves or take advantage of services from Percipience or one of Percipience's consulting partners.
INTEGRATION EASE FROM ANY SOURCE - Data Magnifier is built upon industry standards to integrate with any insurance data source. It is independent of all vendor policy, billing, claims, reinsurance, accounting, MDM, CRM, and other software packages. As a result, Data Magnifier provides a true single source of truth, aggregating data from multiple sources and delivering a conformed and consistent platform to make all data available to the business when it is needed most. Data Magnifier's published JSON schemas provide well documented and easy to navigate targets to load data from any source. Subscribers have total control over and can choose to deliver data to Data Magnifier themselves or take advantage of services from Percipience or one of Percipience's consulting partners.
ADMINISTRATION CONSOLE PROVIDES CONTROL - Data Magnifier's Admin Console allows subscribers to control all aspects of the operation, from configuring users and permissions to controlling data integrations. On data integrations, the Admin Console allows subscribers to control what data is loaded and when it is loaded, as well as view the results of data that has been loaded or has failed to load because of any user configured rules.
ADVANCED ANALYTICS, ML, & AI SUPPORT - Data Magnifier establishes an enterprise data platform that makes reconciled data readily available for use by a wide array of uses from customer service and agent portals to advanced analytics, machine learning (ML), and artificial intelligence (AI) applications.
ChatGPT INTEGRATION - Data Magnifier's Ida (short for "Insurance Data Assistant") is a direct integration with our partner, Microsoft's, ChatGPT platform that allows subscribers to get answers to natural language questions about their insurance data. Questions on policy, claims, and any other area are answered quickly without having to search for a report or write a SQL query. Examples include where data has been loaded including what the written premium is over a period by line of business, or state, or distribution channel, or agency.