The MGA Agility Suite from Xceedance awarded the accolade at the Insurance Times Tech and Innovation Awards 2019
Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, has been selected as the ‘Technology Partner of the Year – Software Platform’ winner in the 2019 Insurance Times Tech and Innovation Awards program.
The entry from Xceedance for its Managing General Agent (MGA) Agility Suite was announced at a ceremony in London on September 26, 2019, holding off impressive competition from several solution providers.
The award nomination from Xceedance included a case study in partnership with U.K.-based MGA Archipelago Risk Services. The case study outlined how the Xceedance MGA Agility Suite delivered a holistic, future-ready solution tailored specifically to the needs of Archipelago.
Richard Coleman, Managing Director of Archipelago Risk Services, said: “It’s fantastic to see the success of our partnership with Xceedance validated by the insurance community. Thank you once again to the whole team for this hard-earned award.”
The award-winning MGA Agility Suite from Xceedance is an out-of-the-box and GDPR-compliant solution, combining policy administration technology, insurance lifecycle services, and strategic operations support. It is a policy and pricing platform that gives established and start-up program administrators, MGAs, and Managing General Underwriters (MGUs) a tailored platform to effectively capture and serve target market segments — a key differentiator in an increasingly competitive business landscape.
“In the face of top-quality competition, we are delighted to win this award,” said Arun Balakrishnan, Xceedance CEO. “The insurance market continues to realise the benefits of MGAs, and the flexibility and value they add in specialised underwriting. Our MGA Agility Suite, powered by modern technology and insurance-dedicated services, has been recognised for the strategic value it provides to MGAs.”
The Tech and Innovation Awards program was organised by Insurance Times, a leading trade publication with a focus on the general (property/casualty) insurance sector.
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About Xceedance
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.
About Archipelago Risk Services
Archipelago is a new, specialist general insurer. Archipelago provides a flexible, multi-cover policy for busy people whose property assets, possessions and lifestyle mean they need insurance tailored to their needs. The Archipelago policy includes Home, Motor, Travel, Pet and Investment Property and is available exclusively through selected distribution partners.
Archipelago has harnessed the power of primary data sources and new technology to create a bespoke InsurTech system – the Archipelago Platform. It greatly improves the experience of general insurance for both distribution partners and their clients. Archipelago aims to give clients greater peace of mind and unrivalled levels of service by building a unique range of benefits into the policy, including one number for all claims, simplifying the process. For more information, visit: https://www.archipelago-insurance.com/.
About Insurance Times
Insurance Times is a leading information, analysis, and insight brand in the U.K. general insurance market. The media organization works with some of the most respected industry experts to create powerful content pieces. Insurance Times produces unbiased and independent news, information, and analysis; and editorial integrity is at the heart of its award-winning content.
Media Contact: Stephen Breen
Company: Rein4ce Ltd
Telephone: +44 (0)7843 076556
Email: stephen.breen@rein4ce.co.uk