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
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 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 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 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 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 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
A New Normal: Perspectives For Insurance Organizations May 19, 2020 | George Freimarck What will the world look like after the coronavirus pandemic of 2020? A recent survey of 30 leading German insurance industry executives conducted by EY and V.E.R.S. Leipzig (EY/VERS) emphasizes a paradigm shift in thinking around talent and facilities management, technology adoption,… Continue reading
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
Insurance Industry Demonstrates Resilience in the Face of a Global Pandemic April 13, 2020 | Manish Khetan According to BCG, “As the world mobilizes to mitigate the impact of the coronavirus, uncertainty abounds. One thing is clear, however: the COVID-19 outbreak underscores the need for business and society to be resilient and prepared — qualities… Continue reading
