Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, today announced the appointment of Rajesh Iyer as senior vice president – head of data sciences.
Xceedance is a managed services company that partners with insurers, reinsurers, brokers and MGA/MGUs worldwide, providing analytics, technology and process engineering solutions to enrich insurance workflows, operations and strategic programs.
Insurance data sciences is the application of a smart mix of domain expertise, technology, statistics, machine learning and learning theory to achieve insurance business objectives. The challenges that data sciences can address span the full insurance value chain, including product design, pricing, underwriting, marketing, claims, finance, customer service and more.
Rajesh will be responsible for managing the company’s data sciences practice, including the development of a dedicated data sciences and services team to support clients and new initiatives. Working from the North America headquarters of Xceedance in Boston, he will also collaborate with the broader Xceedance service delivery teams worldwide to create strategic data products and analytic tools.
With more than 20 years of insurance experience, Rajesh has worked with leading U.S. insurers and service providers, including Nationwide, USAA, Mu Sigma and EXL. He most recently served as vice president, decision analytics at EXL in New York, where he led numerous data initiatives for top 10 P&C and L&A carriers. Rajesh also led multiple projects to deploy the power of analytics to improve and optimize operational outcomes. Prior to that, he was executive director, comparative pricing at USAA and director of client management at Mu Sigma in Chicago.
“Rajesh brings a wealth of data and analytics focused experience to Xceedance and we’re very excited to have him on board,” said Amit Tiwari, EVP, global head of technology at Xceedance. ” He has built data-driven solutions for the full scope of insurance operations, and he has helped numerous companies create enterprise-wide analytic solutions.”
“Data sciences is becoming increasingly prevalent in the industry, mobilizing insurers to leverage all manner of internal, external, structured and unstructured data to inform strategic decisions,” according to Rajesh Iyer. “The insight-driven outcomes of data sciences can improve the performance of insures and support their abilities to optimize customer experience.”
Xceedance is a global provider of insurance analytics and consulting services to property/casualty insurers, reinsurers, brokers, managing general agents and program administrators. With offices in the United States, United Kingdom and India to serve a diverse community of clients, Xceedance partners with insurers to launch new products, drive operations, implement cutting-edge technology, and deliver advanced analytics capabilities and process optimization. The company deploys teams of experienced insurance professionals to help insurers worldwide enhance policyholder service, enter new markets, boost workflow productivity and improve profitability. For more information, visit www.xceedance.com.
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