Right-Shore Model Will Mitigate Risks for Insurers

Right-Shore Model Will Mitigate Risks for Insurers October 21, 2020 | Stephen Browne The COVID-19 pandemic continues to show that insurers need to redefine their operations for better synergies between offshore and onshore resources, so they can be more scalable and adaptable in an unstable environment. The right-shore model promotes best-fit, insurance-focused managed services and… Continue reading

10-12-2020 Blog: Claims Transformation to Reduce Operational Cost and Meet Policyholder Expectations

Claims Transformation to Reduce Operational Cost and Meet Policyholder Expectations October 12, 2020 | Prashant Tekchandani and Prateek Vijayvergia Rising claims cost and evolving customer preferences for personalized policies and omnichannel interactions are putting auto insurers under intense pressure. Recent studies have concluded that accident-related auto repair costs have risen significantly, undercutting profitability and worsening… Continue reading

Webinar: On-Demand Catastrophe Modelling Services for Three Major U.S. Perils — Earthquake, Hurricane, and Flood

Webinar: On-Demand Catastrophe Modelling Services for Three Major U.S. Perils — Earthquake, Hurricane, and Flood Tuesday, September 29, 2020 at Noon - 1 p.m. ET In a complimentary AM Best webinar sponsored by Xceedance, a panel of experts will discuss the technical advances of three key U.S. peril models (Earthquake, Hurricane, and Flood) and describe… Continue reading

Orchestrating Technology Transformation in Commercial Insurance: Part 2

Orchestrating Technology Transformation in Commercial Insurance: Part 2   August 14, 2020 | Ashish Lall In our previous blog, we discussed how broker-underwriter workflow dynamics can be transformed and bolstered with the help of future-ready business-automation platforms.  We take that discussion forward with another example of commercial insurance workflow dynamics – the processor-to-reviewer (P2R) process.… Continue reading

Orchestrating Technology Transformation in Commercial Insurance: Part 1

Orchestrating Technology Transformation in Commercial Insurance: Part 1 August 14, 2020 | Ashish Lall Historically, commercial lines insurers have been slow to adopt technology compared to personal lines insurers or their sister industries of banking and financial services, primarily relying on broker-driven, highly manual processes. Even today, commercial lines are dependent on face-to-face interactions, paper… Continue reading

Accelerating the ROI of Duck Creek Implementations

Accelerating the ROI of Duck Creek Implementations August 12, 2020 | Naveen Sharma As a strategic partner to Duck Creek Technologies, Xceedance helps insurance organizations accelerate time to production for implementations and enhancements of the Duck Creek Suite while ensuring superior business continuity and cost-effectiveness. We are a one-stop-shop for the global deployment of Duck… Continue reading

Managing Hurricane Season in the New Normal

Managing Hurricane Season in the New Normal July 15, 2020 | Matt Piaseczny We are in the middle of July, and Hurricane season is well underway and already active. Eighteen named storms, nine hurricanes, and four major hurricanes are expected this season, which is above average. The insurance industry is already under strain with an… Continue reading

05-14-2020 Blog: Three Ways Insurers Can Enhance Policyholder Value

Three Ways Insurers Can Enhance Policyholder Value May 14, 2020 | Sachin Kulkarni With the Coronavirus contagion spreading across the globe, insurance companies are facing an unprecedented surge in COVID-19-related claims, and in some cases, potential litigation compelling them to cover business interruption losses. As companies strategize and work towards alleviating those challenges, insurance executives… Continue reading