Oak Brook, 60523, IL,
United States
Falcon Insurance Company Technographics
Falcon Insurance Company Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Falcon Insurance Company and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 180 Falcon Insurance Company employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Falcon Insurance Company has purchased the following applications: Insuresoft Diamond Suite - Rating Engine for Insurance Pricing and Rating Engine in 2017 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Falcon Insurance Company is running and its propensity to invest more and deepen its relationship with Insuresoft or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Falcon Insurance Company revenues, which have grown to $14.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Falcon Insurance Company intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Falcon Insurance Company Tech Stack and Enterprise Applications
Falcon Insurance Company ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Insuresoft | Legacy | Insuresoft Diamond Suite - Rating Engine | Insurance Pricing and Rating Engine | ERP Services and Operations | n/a | 2017 | 2017 |
In 2017 Falcon Insurance Company implemented Insuresoft Diamond Suite - Rating Engine, an Insurance Pricing and Rating Engine, alongside its existing Insuresoft Diamond System to strengthen pricing and underwriting workflows while addressing claims correspondence scale issues. The deployment of Insuresoft Diamond Suite - Rating Engine complemented the insurer's policy, billing and claims footprint, and ran in parallel with a project to automate claims correspondence within the Diamond claims environment.
The implementation encompassed standard rating and pricing capabilities associated with an Insurance Pricing and Rating Engine, including rule-driven rating logic and centralized rate tables to support underwriting decisions. Concurrently, Insuresoft and Falcon developed a dynamic claims letter solution within the Diamond System that automated mapping of address and claims data, preserved template structure and allowed users to inject dynamic fields during generation, enabling consistent formatting and content control.
Operational scope focused on the claims organization, including adjusters and clerks across multiple states, while the policy and billing functions remained on the Insuresoft Diamond System. Governance and workflow changes moved correspondence creation from ad hoc Microsoft Word editing and shared folders into the Diamond environment, and Falcon transitioned to an outsourced mail processing facility for physical distribution. Outcomes reported in the engagement included an estimated 10 to 15 percent increase in adjuster productivity and improved employee satisfaction, and Falcon signaled plans to expand collaboration with Insuresoft to optimize additional claims operations.
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IT Decision Makers and Key Stakeholders at Falcon Insurance Company
Apps Being Evaluated by Falcon Insurance Company Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
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