A large U.S.-based specialty insurer realizes 50% time savings with Xceedance Risk Model Platform

A large U.S.-based specialty insurer wanted to efficiently integrate catastrophe modeling data into the underwriting process to improve the understanding of
risk exposures. The process required in-depth model understanding, data assumption awareness, and a high degree of familiarity with multiple model structures. Additionally, when multiple models are used there was a need to move data between systems, leading to processing delays and increased potential of errors.

Xceedance helped the client deploy RMP, including automated analysis via APIs and proof of concept delivered through the application. With RMP, the client realized significant savings, including 100% elimination of manual activities and 50% time savings in results interpretation and communication of results to underwriters.