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Insurance Operations

Efficient, well-managed operations — including the automation of routine tasks, the flagging and escalation of exceptions, and rules-driven workflows — can make it easier to increase your book of business, even as you reduce operating costs and turnaround times.

Whether you’re a re/insurer, an agent, broker, or an MGA, your profitability depends on two things: risk selection and efficiency. We can help with both.

Our teams receive and clear submissions based on set guidelines and mandatory checks, capture relevant data, and communicate submission status to the underwriter, helping you boost underwriting efficiency. We simplify submission processing for you by recording premium, coverage limits, installment information, domicile and renewal dates, and more, and coding premium-bearing transactions to satisfy ASLs.

Our insurance experts support organizations with post binder invoicing, billing and collections, disbursement, and revenue collection. Leveraging proprietary tools and processes, we hone policy lifecycle management and renewals by creating renewal entries, sending renewal notifications to LOB groups 90-120 days in advance, improving MIS and regulatory reporting, and providing functional and technical support.

While we’re a global organization, we allocate our resources locally to best support the needs of our clients. To remain informed about local business nuances, we engage our teams on four continents in regular cross-training, sharing detailed reports on the activities of all our clients and the cultural and economic conditions in which they operate. No matter where you are, we have the experience, the services, and the people to help you improve your insurance operations.

Our Offerings

Insured Management

Accelerate submission clearance, streamline capturing policy-level data of insureds, agents and carriers, and bolster document management and sanctions checking.

Quote and Bind

Pre-screen insureds effectively, enable faster generation of quotes, and optimize binding and billing.

Renewal Management

Issue renewal notices to insureds and generate renewal quotes efficiently to drive premium growth at lower costs.

Miscellaneous Support

Manage insured and agent relationships with ease and facilitate real-time communication with brokers and agents.

Related Resources

Global MGA

Global MGA

The Xceedance team worked with the client to standardize underwriting and regulatory guidelines across different ...
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