Xceedance offers managed services and responsive technology solutions
across a wide spectrum of the insurance lifecycle.
The underwriting services team provides pre-quote analytical services to clients by performing loss compilation and exposure allocation. Our services address data scrubbing, geocoding, and asset characteristics enrichment into a standardized output format, complete with the highlighting of concerns or issues discovered through the process.
Activities of the underwriting services team include:
- Compiling all submission data (claims and exposures) in a uniform format, regardless of regional or lines of business variations
- Loss aggregation (rollup) services
- Analysis of data issues (for example, incomplete data elements are highlighted for actuaries and underwriters)
- Delivering data and analytics to generate final premiums
The Xceedance team supports underwriters in building profitable books of business. A primary goal of the underwriting services team is to perform 80% of the pre-quote analysis (i.e. data collection and processing), allowing underwriters to focus more directly on critical tasks such as risk analysis and pricing. Through the use of advanced tools and applications, our team streamlines the process of compiling losses and exposures — leading to more accurate pricing.
Xceedance underwriting services are engineered to help underwriters price accounts more efficiently and reduce adverse risk selection. Our team helps clients maintain and create databases for calculating rates and to improve risk sensitivity. The databases can also help clients to identify and pursue additional business opportunities in specific markets.