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Life Insurance
Xceedance consultants and technologists, with proven experience and in-depth domain knowledge, help life insurance organizations create significant business value by fine-tuning business strategy and adopting a market-oriented actuarial approach.
Today, life insurance organizations are facing intense competition from existing players, new entrants, and tech-enabled industry outsiders. The market landscape has evolved with reinsurers taking on a more prominent role in the primary insurance space. Policyholder expectations have risen, requiring life insurers to develop and deliver hyper-customized, customer-centric products that are innovative and promise convenience. Moreover, with the world becoming increasingly wealthier, insured risk has burgeoned with more complicated and less predictable risk factors.
At Xceedance, 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. Our team of consultants and technologists, with proven experience and in-depth domain knowledge, help life insurance organizations create significant business value by fine-tuning business strategy and adopting a market-oriented actuarial approach. Xceedance enables life insurers to ensure their Solvency II ratios are accurate, augment sales processes and IT solutions, and simplify reinsurance buying.
Our Offerings
Strategy
Leverage our in-depth industry knowledge to bolster the market position, develop a robust sales/product strategy, and boost digital maturity.
Actuarial Services for Life Insurance
Develop innovative products with support on design, pricing, profit testing, and positioning, and streamline asset-liability management.
Solvency II
Risk Management
Assess existing risk management processes, identify and evaluate key risks, and develop holistic risk mitigation strategies.
ReInsurance
Transactions
Manage M&A transactions and portfolio transfers and carry out financial and actuarial due diligence.
Sales
Harness the internet as a sales channel, develop your online distribution model, and implement insurtech platforms.