E&S Carrier Expands into Admitted Commercial Lines Market Across all 50 States
An Excess & Surplus lines carrier wanted to expand into the U.S. admitted commercial lines market countrywide. It was the company’s first entry into admitted markets, and the state-by-state regulatory requirements made it onerous to find support and proven subject matter expertise. Additionally, the carrier needed to integrate new products into its existing policy administration system (PAS) and sought ongoing support to ensure compliance, submit statistical reports, and monitor circulars.
With Xceedance involvement in developing, filing, implementing, reporting, and monitoring products, the client achieved better than anticipated speed to market, enabling it to write premium sooner than expected.