XCEEDANCE QUALIFIES AS FINALIST IN INSURANCE TIMES TECHNOLOGY AND INNOVATION AWARDS 2019
MGA Agility Suite moves to the next stage of judging in the Technology Partner category.
BOSTON, July 25, 2019 — Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions has qualified as a finalist in the Insurance Times “Tech and Innovation Awards 2019.” As a result, the entry from Xceedance — for its MGA Agility Suite in the Technology Partner category — will be reviewed by the Insurance Times judging panel and the award winners will be announced on September 26 in London.
Richard Coleman, managing director of Archipelago Risk Services, a U.K.-based MGA, had this to say about the MGA Agility Suite, “By industry standards, one insurance professional can manage approximately 1,000 individual risk policies annually. But with the MGA Agility Suite, each Archipelago team member can manage 5,000 policies containing 25,000 individual risks per year. We can manage five homes, 20 cars, 20 investment properties, plus travel, and pet insurance, under a single policy. The system empowers us with highly-automated workflows and a streamlined policy lifecycle — boosting organizational efficiency, enhancing the policy buying experience, and lowering operating costs for us and our intermediary partners.”
The Xceedance MGA Agility Suite is a policy and pricing platform with quote/bind capabilities and a custom rating engine. Along with capabilities for integrating multiple data sets, multiple TPAs, billing and financial applications, document-generation engines, and more, the MGA Agility Suite encompasses any and all of the managed insurance and technical services Xceedance provides. Because the Suite is cloud-based, it reduces capital investments and overhead, while improving operational response times and enabling straight-through processing.
“We’re pleased and proud to have qualified as a finalist in this year’s Insurance Times Tech and Innovation Awards,” said Travis MacMillian, chief business officer at Xceedance. “With the recent global proliferation of MGAs and the flexible responsiveness they provide to their insurer partners, our MGA Agility Suite is a strong combination of modern technology and strategic services at the right time.”
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Xceedance is a global provider of strategic consulting and managed services, technology, and data sciences to insurance organizations. Domiciled in Bermuda, with offices in the United States, United Kingdom, Germany, Poland, India, and Australia, Xceedance helps insurers launch new products, drive operations, implement intelligent technology and blockchain solutions, deploy advanced analytic capabilities, and achieve business process optimization. The experienced insurance professionals at Xceedance enable re/insurers, brokers, and program administrators worldwide to enhance policyholder service, enter new markets, boost workflow productivity, and improve profitability. For more information, please visit www.xceedance.com.
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