Xceedance partners with P&C and Specialty insurers, reinsurers, brokers, and MGAs/MGUs worldwide to launch new products, drive operations, implement cutting-edge technology, and deliver advanced analytics capabilities and process optimization.
We understand the risks and opportunities of the life insurance market and work closely with life re/insurers to accelerate digital transformation, streamline risk management, optimize critical business workflows, and reimagine the policyholder journey.
The growing frequency of black swan events, like the COVID-19 pandemic, has pushed the insurance industry in unique and unexpected directions. To navigate these headwinds and maintain profitability, insurers need to effectively price their products, create new risk models and increase operational efficiency. Actuaries play a key role in each of those goals, and as insurance companies face greater uncertainties in the post-pandemic landscape, along with concurrent shifts in technology, those roles are in the midst of significant change.
Mamta Talwar, vice president, technology and core systems at Xceedance, recently contributed an article to Carrier Management discussing six technologies contributing to digital transformation in insurance. In the article, Mamta highlights how the insurance sector has not always been on the leading-edge of technology adoption, yet many organizations were forced to quickly pivot as the COVID-19 pandemic forced insurers into new or unfamiliar operational models. As businesses slowly return to pre-pandemic norms, many are realizing the “new normal” is different, and utilizing technology to optimize and improve operations is critical.
“We have eliminated significant manual practices and streamlined our interactions with brokers and agents. The abilities of Xceedance to develop system communications and integrate automation with diverse platforms has enhanced our operation.”
Technology Officer | Global Insurance Broker
The Xceedance approach to claims automation allows us to be more responsive to the needs of our customers. Technology and consulting from Xceedance have streamlined our claims operation and support our current and future requirements.”
Head of Claims Operations | Specialty, Commercial and Personal Lines
“Xceedance delivered the exact rating and pricing solution in precisely the right timeframe. So we were fully prepared for our product launch and positioned for success. Xceedance demonstrated vast expertise and drive.”
Director of Operations | Multinational General Insurance Group
"We are pleased with the continuous productivity and collaboration between our organization and Xceedance. We are looking to expand the Xceedance team even further to support our growth strategy."
Vice President, IT | Subsidiary of a Global Specialized Casualty and Liability Insurer
“Today, we can process submissions in less than a day. Before deploying the Xceedance submission system, our underwriters were forced into administrative tasks. Now they can focus on growing our business.”
Vice President, Underwriting | Global Commercial and Specialty Lines Carrier
Proven Expertise and Value
of staff possesses significant insurance acumen
ongoing insurance operations and technology engagements
quotes delivered in 2 years for a global underwriting agency
reduction in policy issuance time for a major P&C insurer