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 insurance industry runs on vast and expanding reservoirs of data. Sources of information and the techniques to manage data are multiplying exponentially. As physical, digital and biological data and processes converge, technologies such as Robotic Process Automation (RPA), Artificial Intelligence (AI), the Internet of Things (IoT), nanotechnology, and quantum computing are emerging and becoming mainstream tools.
Ensuring that participants in the Lloyd’s market have consistent sources of risk assessment data is one of the objectives of the London Market Group’s Target Operating Model (TOM). It is slated to encompass the creation of a standard exposure data format, a data cleansing and standardisation service and transformation routines to convert the data into industry models such as Oasis and the other major modelling platforms.
A Formula One racing team can change four tyres in under two seconds. How do they do it? As James Vowles chief strategist at Mercedes explains, speed and precision are achieved: “through data-driven adaptations. We place eight sensors on every one of the wheel gun nuts. When the gun operator initially connects to the wheel nut, I can tell that they, say, connected 20 degrees off the optimum angle.” In the world of Formula One, every second and every detail counts just to remain competitive, let alone getting ahead of the field.
“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