Efficiency Optimization
Reduces cycle times significantly by automating data handling and document management.
Underwriting Solutions
We ensure every facet of underwriting—from risk selection and assessment to pricing and portfolio management—is handled with precision and efficiency.
- 80% time savings with strategic underwriting operations support
- 100+ underwriters supported across the globe
- 300+ team members led by certified (CPCU, AU) insurance experts
Our Solutions
At Xceedance, we redefine underwriting excellence by leveraging deep industry knowledge and technological expertise.
Our comprehensive suite of underwriting solutions spans across commercial and personal lines, focusing on key areas such as Auto Liability, General Liability, and Medical Malpractice, among others.
Risk Selection
Evaluate underwriting guidelines, analyze the insured’s business operations and exposure, meticulously review coverage limits and exclusions, and handle premium exceptions adeptly.
Risk Assessment
Analyze historical losses and exposures, projected exposures, and search for data anomalies to ensure a robust decision-making framework. This comprehensive approach allows us to identify trends and provide a holistic view of the risk, empowering underwriters to make informed decisions.
Pricing
Each risk is categorized and classified meticulously to determine the base premium, with additional considerations for loadings and discounts as warranted. We document all assumptions and concerns to maintain transparency and accountability. This structured approach ensures that premium modifications and underwriter referrals are handled with clarity and precision.
Underwriting Audit
Conduct extensive quality checks for completeness, adhere to guidelines and authority checks, and rigorously review policy terms and conditions. Our audits also extend to a detailed review and validation of rating worksheets, forms, and endorsements, upholding high standards of compliance and thoroughness.
Portfolio Management
Aggregate and analyze data necessary for in-depth loss cost analysis, including trends, development, frequency, and severity. Our dedicated maintenance and reporting of databases ensure ongoing optimization and responsive adjustment to portfolio strategies, fostering continuous improvement and superior management of portfolio risks.
Product Design and Implementation
Drive intricate analysis of rating rules and forms, ensuring that all components are accurately configured and aligned with the insurance product’s strategic objectives. We specialize in forms mapping, which includes designing trigger conditions, ensuring seamless integration with PAS.
Xceedance Digital Underwriting Assistant
Transform your underwriting process, streamline operations, and enhance decision-making through cutting-edge technology.
Data Integrity
Utilizes AI/ML technologies for precise data extraction, minimizing errors and ensuring accurate loss run files.
Enhanced Decision-Making
Provides underwriters with claims insights and a consolidated data view for better risk assessment.
Scalability
A web-based solution that grows with your business needs, supported by robust architecture and third-party integrations.
User-Centric Design
Features a human-in-the-loop approach, requiring minimal user intervention while maintaining control over critical compilation stages.
Partner with Xceedance
Discover the Xceedance advantage—where expertise meets innovation in underwriting. Our global presence and technology-driven processes set us apart in the industry.
- Global Expertise: Proven track record across North America, Europe, Asia, and Australia.
- Tech-Enabled Operations: Automated workflows and interactive dashboards designed for maximum efficiency and transparency.
- Speed to Market: Accelerate product launches and gain a competitive edge with our solutions.
- Outcome-Driven Approach: Meticulous risk assessments and management to minimize premium leakage and improve combined ratios.
- Technology-Agnostic Solutions: Global experience with diverse platforms like Duck Creek, Instec, Comply, ImageRight, IMR, DOCOsoft, Socotra, and more.
