Xceedance and UAC Announce Partnership
SYDNEY — The Underwriting Agencies Council (UAC) and the leading global provider of strategic operations support, technology, and data services for insurance organizations Xceedance are proud to announce a new partnership. Xceedance is a 2024 platinum sponsor for UAC and has secured naming rights for its largest, most prestigious annual event, the UAC—Xceedance 2024 Sydney Underwriting Expo.
The expo, at the International Convention Centre, 14 Darling Drive, Sydney, on Thursday 8 February 2024 will attract about 120 UAC underwriting agency and business service members to exhibit. More than 600 brokers will likely attend UAC’s flagship expo.
The expo, one of 10 to be held across the nation in 2024, is an opportunity for exhibitors to showcase their specialist products and services to the insurance broking community.
Xceedance, as UAC’s platinum partner for tech and data services, will feature strongly at the UAC—Xceedance Sydney Underwriting Expo and at a wide range of other UAC expos and events during 2024. Prateek Vijayvergia, Xceedance Business Leader – Key Accounts in Australia, says UAC is an ideal forum through which Xceedance can liaise directly with underwriting agencies. “Xceedance has niche insurance expertise and offers a one-stop shop for insurance support services for large and small agencies,” he says.
Xceedance has worked with underwriting agencies (known as managing general agents in the UK, the USA and Europe) internationally since the company’s launch in 2013.
Mr Vijayvergia is responsible for building the business in Australia, where Xceedance has operated for almost a decade. The company already partners with several agencies to provide end-to-end technical services for underwriting, claims, product development, pricing, governance, real-time reporting, and customer service.
“Agencies want to be innovative, entrepreneurial and tech-enabled. We can help them achieve that and generate strong profitability, growth and longevity,” Mr Vijayvergia says.
“Xceedance delivers an integrated platform that combines policy administration, underwriting, distribution, communications, and business insights and reporting functions, along with seamless integration of third-party insurance data providers, payment gateways and document generation solutions.”
Mr Vijayvergia says Xceedance helps agencies to write business more efficiently and more profitably, improving speed to market by leveraging automation in processes and operations.
“We’re proud to be part of UAC’s journey as it embarks on its second quarter century and to support its members,” he says.
UAC CEO Jenny Bax says the council will facilitate introductions to enable Xceedance to help UAC members develop their brands through streamlining processes and innovating.
“UAC and Xceedance will support each other, and we aim to develop a strong, robust, long-term relationship,” she says.
Xceedance will have a specific board advocate in long-term director Simon Lightbody and conduct three webinars throughout 2024 on technical topics to assist agency teams to build their knowledge and identify ways to use technology to increase responsiveness to brokers’ needs.
Ms Bax says the UAC partnership provides “significant branding, networking and communication opportunities”.
“We’ll work closely with Xceedance to ensure we maximise opportunities to deliver on expectations. We’ll finetune the relationship as it grows.”
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About Xceedance
Xceedance provides strategic operations support, technology, and data services to drive efficiencies for insurance organizations worldwide. The company helps insurers launch products, implement intelligent technology, deploy advanced analytics, and achieve business process optimization. For more information, visit www.xceedance.com.
About UAC
The Underwriting Agencies Council (UAC) is the peak body for Australian underwriting agencies, which write annual GWP approaching $8 billion. UAC serves members’ interests through professional development events; broker expos to showcase members’ specialist products; sector-specific marketing campaigns; and advocacy with government and industry bodies. UAC has more than 110 agency members, supported by more than 80 business service members.
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