Xceedance Expands Managed Services Portfolio to Include Bermuda Insurance Market
BOSTON, May 31, 2017 — Following its recent incorporation in Bermuda, Xceedance today announced an expansion of its industry-focused consulting and managed services to support re/insurance organizations domiciled in Bermuda.
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Xceedance Joins AAIS as Associate Member
BOSTON, April 19, 2017 — Xceedance is pleased to announce that the company has joined the American Association of Insurance Services (AAIS) as an associate member.
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Xceedance Launches Insurance Operations Centre in Krakow, Poland
LONDON, December 5, 2016 — Xceedance today announced the launch of an operations centre in Krakow, Poland.
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Xceedance Appoints Rajesh Iyer Senior Vice President – Head of Data Sciences
BOSTON, November 15, 2016 — Xceedance today announced the appointment of Rajesh Iyer as senior vice president – head of data sciences.
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Xceedance Establishes London Office
LONDON, October 24, 2016 — Xceedance has established an office in London to serve the European, Middle East and Africa (EMEA) market.
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Xceedance Welcomes George Freimarck as Vice President of Business Development
BOSTON, May 31, 2016 — Xceedance announces George Freimarck, vice president for marketing and business development.
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Amit Ranjan highlights the benefits of industry-dedicated consultative partners for insurance-managed services in the fast-evolving environment of the “next industrial revolution.”
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Manish Khetan and Amit Tiwari examine the challenges insurance organizations face in adopting emerging technologies, and how industry-focused managed services partners can help bridge the gap of expertise and operational timeliness. (Registration required)
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Leading Indian publication Yourstory.com throws light on the journey of Xceedance, from being a start-up to thriving globally as a service provider for the insurance industry.
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CEO Magazine identifies Xceedance as a “Great Place to Work” and members of the leadership team describe how Xceedance focuses on developing future leaders.
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Extending services in the Bermuda market is integral to the efforts of Xceedance to enhance the international scope and proximity of its consulting and managed services capabilities.
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CEO Arun Balakrishnan discusses the rapid advancements in technology and RPA, along with some perspectives on transformation and change for insurance operations.
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As a lesson for how Blockchain can be internalized and implemented, the insurance industry can look at the measured way in which cloud was evaluated, rejected, and then slowly adopted.
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Xceedance has joined the American Association of Insurance Services (AAIS) as an associate member. AAIS is a national advisory organization that develops policy forms and rating information used by more than 700 property/casualty insurers.
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The Fourth Industrial Revolution (4IR) is transforming the way people, businesses and machines work together. Justin Davies, region head – EMEA, provides some interesting observations on how the insurance industry is ripe for disruption during the unfolding 4IR.
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Xceedance is identified as one of the fastest growing startups in India. CEO Arun Balakrishnan and members of the Xceedance leadership team describe a unique journey of growth and innovation as an industry-focused managed services provider.
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The Fourth Industrial Revolution (4IR) combines the Internet of Things and the Internet of Systems, from which cyber-physical systems (CPS) are emerging. Rajesh Iyer, head of data sciences at Xceedance, discusses how edge computing and scoring models can align with 4IR principles in the business of insurance.
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Company of the Year (P&C Insurance): The rapid and ongoing growth of Xceedance is solid confirmation of the company’s business and managed services strategy.
Property/casualty insurance technology provider Xceedance has opened an office in Krakow, Poland, and hired a former Aon executive to run it as vice president and country manager.
Xceedance launches an operations center in Krakow, Poland.
With rates squeezed and investment returns wafer thin, what options do insurers and reinsurers have for growth?
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The traditional “analog” domain of insurance is no longer acceptable or productive. We have definitively entered the age of digital commerce. And it is fast reshaping the insurance landscape, just as it has in many other industries.
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Xceedance…offers services for re/insurance companies critical in a fast-changing market, ranging from accounting services to the creation of complex data models and artificial intelligence programmes that allow businesses to price their transactions correctly.
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Xceedance establishes a dedicated data sciences and services team to create strategic data products and analytic tools.
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Data sciences is becoming increasingly prevalent in the insurance industry, mobilizing insurers to leverage internal, external, structured and unstructured data to inform strategic decisions.
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Insurance technology provider Xceedance has expanded once again with the hire of a new head of data sciences.
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Xceedance is seeing a very strong demand from re/insurers to improve operational efficiencies whilst reducing their costs, by partnering with managed service providers.
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Through the London office, Xceedance works with brokers and re/insurers to launch new products, drive lean operations, implement cutting-edge technology and leverage analytic capabilities.
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How does an insurance business transition to operating successfully and efficiently in the new world of work?
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Xceedance representatives will attend a wide range of international insurance conferences in 2017. Check out our event schedule below.
Connecting at these industry venues is a great opportunity to explore how Xceedance can support and strengthen your insurance operations.
Please reach out via contact@xceedance.com to arrange an onsite discussion, and we look forward to meeting you.
CAT Risk Management, February 14-16, Orlando, FL, USA
Navigating the landscape of CAT modeling approaches, this conference draws risk managers at insurers, reinsurers, and investment banks, government officials, regulators and academic leaders.
CAT Risk Management & Modelling Europe, March 1-2, London, UK
The largest independent global CAT Risk Conference Series in Europe.
Claims Conference & Insurance Expo, March 26-29, Boston, MA, USA
Top claims professionals from hundreds of insurance companies and nearly 300 service provider organizations gather to discuss a wide array of claim challenges and concerns.
Risk Revolution 2017 RIMS Annual Conference & Exhibition, April 23-26, Philadelphia, PA USA
This international conference covers the full spectrum of risk management and features the largest global exhibition dedicated to risk management for CROs, CEOs, CFOs, risk analysts and managers.
Reactions Latin America Re/Insurance Conference, May 4-5, Miami, FL, USA
The conference examines developments facing insurers across Latin America. Discussions focus on innovation, new lines of business, reinsurance rates, evolving distribution channels and M&A activity.
Target Markets 2017 Mid-Year Meeting, May 15-17, Arlington, VA, USA
Forum for program carriers including London markets, reinsurance support, program development and distribution resources.
AAMGA 2017 Annual Meeting, May 21-25, Orlando, FL, USA
Wholesale insurance distribution assembly for U.S. and Canadian managing general agents, program managers, brokers and aggregators, markets, intermediaries and reinsurers.
Reactions Alternative Capital Market Conference, Date TBD, New York, NY, USA
IASA 2017 Educational Conference and Business Show, June 4-7, Orlando, FL, USA
Annual conference of the Insurance Accounting & Systems Association, offering educational tracks in technology, accounting, risk and finance and career skills development.
Rendez-Vous de Septembre, September 9-14, Monte Carlo, Monaco
International rendezvous of more than 2,600 insurers, reinsurers, brokers and reinsurance consultants from more than 80 countries.
NAPSLO Annual Convention, September 11-13, San Diego, CA, USA
An annual meeting of insurance brokers, agents and underwriters who are committed to the wholesale value distribution system and the surplus lines industry.
Macquarie Bermuda in Boston Reinsurance Conference, September/TBD, Boston, MA, USA
Summit of senior management from major reinsurance and primary insurance companies, ratings agencies, catastrophe modelers and state sponsored insurance organizations.
Reactions North America Conference, September/TBD, New York, NY, USA
Annual meeting of some of the leading experts and innovators in the insurance and reinsurance market.
InsureTech Connect, October 3-4, Las Vegas, NV, USA
The largest and most comprehensive gathering of tech entrepreneurs, investors, builders and forward thinking carriers.
17th Annual TMPAA Summit, October 16-18, Scottsdale, AZ, USA
Annual summit focused on program administration, attracting more than 800 program professionals.
ACORD 2017, October 24-26, Boston, MA, USA
The annual ACORD conference focuses on the latest in global insurance technology and business trends.
AAIS Main Event, April 2-4, Fernandina Beach, FL, USA
The AAIS Main Event provides a unique opportunity for risk and insurance experts to meet and share knowledge on a range of topical issues.
The Benefits of Industry-Dedicated Managed Services Providers in an Evolving 4IR Environment
August 15, 2017
Amit Ranjan, EVP, global service delivery at Xceedance, explains how the insurance industry today is on a whirlwind learning curve. He predicts that while insurtech business models have the potential to create meaningful disruption in the industry, they also create new challenges for a variety of insurance stakeholders.
Typists Are Obsolete: A Parable for Emerging Technology in Insurance
August 15, 2017
Xceedance CEO Arun Balakrishnan explores the convergence of new technologies including AI, RPA and blockchain, and their potential to spur positive change, process optimization and growth for insurance organizations.
A Primer on the General Data Protection Regulation (GDPR)
July 31, 2017 | Marek Kaszczyc
With looming deadlines for General Data Protection Guidelines (GDPR), insurers are among companies worldwide gearing up to better safeguard data and meet the regulatory standards of GDPR. Marek Kaszczyc reviews key questions and procedures insurers should examine to optimize data protection and avoid significant penalties.
Are Underwriters Going the Way of Buggy Whip Salesmen?
July 14, 2017 | George Freimarck
A report by the Center for Business and Economic Research lists underwriting on the top ten list of occupations vulnerable to automation. But despite technology, experienced underwriters will continue to add value to insurance operations.
The Landscape of RPA in Insurance
July 06, 2017 | Gaurav Mathur and Vinay Sabharwal
Xceedance is exploring RPA to enhance the business processes of insurers, helping to reduce operational costs, gain efficiency and improve overall accuracy and customer experience.
Can the Lloyd’s Market Overcome the Lake Wobegon Effect?
June 30, 2017 | Justin Davies
The objective of the London Market Group’s Target Operating Model (TOM) is to ensure that risk assessment data is cleansed once and then distributed to all relevant parties, thus increasing efficiency, reducing duplication and costs and ensuring uniformity of information for the entire Lloyd’s market. Removing barriers to exposure data efficiency can only lead to an improvement in the market.
Data Precision and Timeliness Fuels Exposure Management
June 26, 2017 | Leo Lockwood
Exposure management is a vital part of the insurance industry’s service offerings. But the quality of risk data provided to underwriters is poor, with most submissions requiring significant enhancements. Even to achieve marginal gains, each part of the process needs to be examined and improved.
At the Movies: Artificial Intelligence, Robotics and the Human Touch
June 23, 2017 | Deborah Grey
Artificial intelligence and robotics are inevitably tied to our future business and personal interactions. Yet, human intuition and expertise will remain key to leveraging the decision-making benefits that will emerge as a result of intelligent technology.
CEO Arun Balakrishnan Shares Thoughts on the Future of Blockchain Technology
May 18, 2017
Xceedance CEO Arun Balakrishnan recently provided some perspective on the potential of Blockchain in insurance markets.
Startup City Covers the Unique Journey of Xceedance
May 11, 2017
Startup City magazine highlights the emergence of Xceedance as a disruptor of traditional business service models in insurance.
Xceedance Expands Industry Reach with Two New Memberships
May 1, 2017
Xceedance joins Target Markets and NASSCOM to connect with global insurance program administration markets and with the technology/business service provider community in India.
Xceedance Becomes Associate Member of AAIS
April 20, 2017
Expanding its reach as an industry-focused strategic consultancy and managed services provider, Xceedance is delighted to join the American Association of Insurance Services (AAIS) as an associate member.
To Boldly Go…
March 22, 2017 | Sachin Kulkarni
I’m a Trekkie and a pretty obsessed one at that. If you are wondering what Gene Roddenberry’s extraordinary creation has to do with insurance, humor me and I’ll explain.
Coming to Grips with the 4th Industrial Revolution
March 9, 2017 | Justin Davies
The term “Fourth Industrial Revolution” (4IR) first shot to prominence when it was the theme of the World Economic Forum (WEF) in Davos last year, and it was the subject of a short book by WEF founder Professor Klaus Schwab. It is an emerging buzz phrase among technologists, futurists, big data scientists and the digital cognoscenti. But to most people, it remains a relatively unknown concept.
Xceedance Sponsors a Leading CAT Risk Management Event
February 20, 2017
Xceedance is proud to be a silver sponsor of the CAT Risk Management & Modelling Europe 2017 conference at the Grange Tower Bridge Hotel, London, March 1-2, 2017.
The 6i Data Sciences Maturity Framework
January 25, 2017 | Rajesh Iyer
Over the past few years, I have had the opportunity to visit with a few hundred general managers (GMs) at mostly large insurance enterprises. While all were polite and patient, many expressed reservations when I tried to persuade them to make new, or deeper, investments in data sciences.
Xceedance Launches New Website
January 8, 2017
In an effort to better align our services with the insurance lifecycle and the needs of insurance organizations, Xceedance launched a new website.
Xceedance Targets a New Outsourcing Model
January 5, 2017
Reactions, one of the leading news outlets in the insurance industry, recently wrote a feature on Xceedance and its new outsourcing model.
Xceedance Featured in SiliconIndia
December 30, 2016
A blend of technical knowledge and insurance expertise has helped set Xceedance apart, according to a recent profile in SiliconIndia.
Xceedance Opens Operations Center in Poland
December 10, 2016
Xceedance announced the opening of a new operations center in Krakow, Poland, the latest in a series of international expansion steps to capitalize on new business opportunities around the world.
Technology Continues to Revolutionize the Insurance Industry
December 7, 2016 | Amit Tiwari
The insurance and reinsurance industries are awash with an enormous amount of data, much of which is not being utilized to improve the efficiency and profitability of business.
Davies Shares Thoughts on the Perpetually Soft Insurance Market
November 29, 2016
Justin Davies, newly appointed head of the EMEA region, recently shared his thoughts on the realities of a perpetually tough insurance market in an article for Global Re-Insurance.
Reversing the Standard FTE Staffing Model for Competitive Advantage
November 27, 2016 | Justin Davies
Until recently, traditional market wisdom was that insurance and reinsurance pricing moved in cycles. But the era of fairly predictable market cycles has expired with few believing it will return in a recognizable form.
Iyer Joins Xceedance as SVP, Head of Data Services
November 18, 2016
Rajesh Iyer has joined Xceedance as senior vice president – head of data sciences.
Supporting Insurance Transformation with Managed Services
November 9, 2016 | Arun Balakrishnan
Partnering with outside suppliers to improve their efficiency and save money is nothing new for insurance companies.
Xceedance Opens London Office
November 1, 2016
Xceedance recently announced the opening of its London office, a continuation of the company’s ongoing growth and commitment to expanding as a worldwide provider of insurance technology, analytics and consulting services.
Freimarck Joins Xceedance as Vice President of Business Development
October 30, 2016
The business development team at Xceedance was expanded in the summer with the addition of announce that George Freimarck as vice president of business development.
Xceedance CEO Shares Thoughts on Changing Trends in the Insurance Workplace
October 26, 2016
A while back, our CEO Arun Balakrishnan shared his thoughts with the Insurance Technology Association (ITA) on changing business and workplace trends in the insurance industry. It’s a timely topic, so we wanted to revisit it in our blog.