XCEEDANCE EXPANDS MANAGED SERVICES PORTFOLIO TO INCLUDE BERMUDA INSURANCE MARKET
BOSTON, May 31, 2017 — Following its recent incorporation in Bermuda, Xceedance today announced an expansion of its industry-focused consulting and managed services to support re/insurance organizations domiciled in Bermuda. Xceedance provides expertise and solutions for all major areas of the re/insurance lifecycle including underwriting, actuarial, policy, claims, billing, finance, data sciences/analytics and technology services.
“As a global consultancy and managed services provider, Xceedance is keenly aware of our responsibilities as a business partner to the re/insurance industry worldwide,” said Arun Balakrishnan, CEO, Xceedance. “Extending our services in the Bermuda market is integral to our company’s efforts to enhance the international scope and proximity of our managed services capabilities on behalf of clients on four continents.”
Xceedance serves its global client community through teams of seasoned, industry-knowledgeable professionals, combining in-depth workflow, technology and data sciences expertise with practical familiarity and proficiency across international insurance markets. With a network of offices in the U.S., U.K., Poland and India, Xceedance has significant presence and experience in the world’s major re/insurance markets, in support of the core operations of multinational clients. “Diverse insurer, reinsurer, broker and MGA clients value Xceedance for our business and technical expertise, right-shoring service delivery, and a proven commitment to strategic partnerships with insurance organizations,” added Balakrishnan.
“The insurance-focused consultancy and managed services partnership model can be of great value for Bermuda-based companies because of the potential to gain rapid and significant productivity,” stated Uday Virkud, a member of the Xceedance board of directors. Xceedance helps re/insurers launch new products, deploy advanced technology and analytics, and streamline business processes. Similar to re/insurance organizations in other geographies, Bermuda domiciled companies can rely on Xceedance for measurable operational and technology efficiencies — to accelerate time to profitability, boost policyholder services and improve combined ratios.
A global provider of insurance consulting and managed services, Xceedance partners with insurers, reinsurers, brokers, MGAs and program managers to launch new products, drive operations, implement cutting-edge technology, and deliver advanced analytic capabilities and process optimization. Xceedance 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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Media Contact: Stephen Breen
Telephone: +44 (0)7843 076556