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Strategic Consultancy and Managed Services

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Strategic Consultancy & Managed Services

Serving Insurance Organizations Worldwide

A Practiced Resource for Transformation and Growth

Xceedance is a consulting and managed services company, supporting insurers, reinsurers, brokers and MGA/MGUs worldwide. Above all, the
people of Xceedance are forward-looking problem solvers. We leverage deep technical proficiency and extensive insurance domain expertise to
create business value and empower continuous improvement of systems and processes. We help to enhance the resources and technologies of our clients — boosting efficiency, visibility and profitability.
Supplying comprehensive, knowledgeable services to reinforce insurance operations is the essence of our unique value proposition. Xceedance
facilitates all insurance functions, including underwriting, policy management, claims handling and finance. As experts in data sciences, CAT modeling and business intelligence, we exploit vast data sources so insurers can better plan and execute their goals.

Voice of the Customer

“We are very pleased with the continuous productivity, teamwork 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

Client Value

Clients perceive and expect value in different ways — based on a personalized set of significant and strategic objectives. At Xceedance we seek to understand those objectives and collaborate closely and attentively with each client to achieve them. Diverse insurance organizations look to Xceedance for assistance in accelerating time to profitability, improving policyholder services and reducing the frictional costs of doing business. They rely on us to launch new products, drive operations, deploy cutting-edge technology, enrich business processes and implement advanced analytics.
Our clients cite Xceedance as one of the key factors driving their success. They view the relationship with Xceedance as a direct contributor to improvements in their combined ratios (in some cases by multiple percentage points) and a source of multi-million dollar returns on investment. The dedicated insurance focus of our experts and service delivery teams has earned Xceedance the reputation of a progressive, trustworthy business partner to insurers.

OUR CAPABILITIES

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INSURANCE OPERATIONS

  • Submission Clearance
  • Cash Management
  • Policy Lifecycle
  • MIS/Regulatory Reporting

UNDERWRITING

  • Risk Assessment
  • Pricing
  • Underwriting Audits
  • Risk Management

CATASTROPHE & EXPOSURE MANAGEMENT

  • Risk Assessment and Pricing
  • Portfolio and Capacity Management
  • Model Validation and Evaluation
  • Research and Development: Model and Data Solutions

ACTUARIAL SERVICES

  • Pricing
  • Capital Modeling
  • Loss and Expense Reserving
  • Reinsurance Solutions

POLICY SERVICE

  • Policy Issuance
  • Endorsements
  • Renewal Management
  • Forms Management

TECHNOLOGY & CORE SYSTEMS

  • Enterprise Application Development
  • Product Distribution Design
  • Proprietary and Legacy Product Configuration
  • Platform Alignment and Optimization

INSURANCE DATA SCIENCES

  • Data Management and Augmentation
  • Solution Design
  • Descriptive, Predictive, Prescriptive Models
  • Simulation and Optimization Models

BUSINESS INTELLIGENCE & REPORTING

  • Data and Reporting Strategy
  • Data Warehouse Development
  • Data Conversion
  • Visualization and Dashboards

CLAIMS

  • First Notice of Loss - Intake and Set-up
  • Investigation, Evaluation and Payments
  • Loss Run Management
  • Subrogation and Compliance

FINANCE & ACCOUNTING

  • Technical Accounting
  • Regulatory and Financial Reporting
  • AP and AR Management
  • SOX and Internal Audit

Voice of the Customer

“Xceedance offers a very cost-effective, timely and accurate approach to portfolio exposure analytics. Their forte is in applying advanced analytics and intelligence to provide insightful and actionable solutions.”
>Director, Lloyd’s market broker/MGA

ACCELERATING VALUE

Our Work

Xceedance deliverables include building direct distribution platforms, rating and pricing engines and policy and claims management systems. Our teams excel at enabling next generation distribution and digital transformation.
We have designed and deployed unique solutions to strengthen policyholder experience, provide business insights and map the behavior of insureds:
  • Created an end-to-end insurance operations system (quote, policy, claims, endorsements, renewals, reporting, invoicing, reconciliation) in just 10 months for an insurer looking to quickly enter a new direct insurance market.
  • Built a claims operations infrastructure for a growing North American insurer, including modern digitization and automation tools and document management to streamline processes.
  • Constructed a customized insurance platform to support growth at a major broker and managing general agents in the Lloyd’s market.
  • Integrated aggregation, CAT modeling and policy administration software with an Xceedance-developed reserving system.
  • Developed a responsive intranet portal for internal carrier staff to view aggregated customer and broker information in a single location, including portfolio summaries by products, claims and premiums.
  • Designed a web portal that allows management, underwriters and actuaries of a reinsurance group to view, search, approve and endorse contracts. The system maintains transaction history, and allows users to attach forms and documents, approve and generate reports and analyze exposures.
  • Produced a web-based underwriting workflow management system to expedite the creation, modification and validation of submissions.