Xceedance
Xceedance is a global provider of strategic operations support, technology, and data-driven services to the insurance industry, with a significant impact on reducing claims costs and enhancing operational efficiency.
Company Overview
Xceedance empowers global insurance organizations with strategic operations support, innovative technology, and data-driven services. The company operates with a team of over 3,200 members situated in 8 global offices. It boasts a strong professional base with over 700 certified industry professionals across the insurance lifecycle and serves more than 150 clients within the global P&C insurance industry.
Services Offered
Xceedance offers a comprehensive suite of services designed to support every stage of the insurance lifecycle. Their lifecycle and operations solutions include underwriting, policy service, billing and collection, finance and accounting, digital contact center, print and distribution, and on-demand support. Additionally, they provide technology and digital insurance solutions such as the MGA Agility Suite, automation services, digital transformation, and system integration.
Data and Analytics Services
Xceedance provides extensive data and analytics services aimed at enhancing the decision-making capabilities of insurance organizations. These services encompass actuarial services, catastrophe and exposure management, data and insights, AI and advanced analytics, and data and modeling products. These offerings support insurers in transforming raw data into actionable insights.
Consultancy and Advisory Services
Xceedance offers consultancy and advisory services that cater to various aspects of the insurance business. These services include program management, transformation strategies, process optimization, automation strategy, and model consulting. Their expert advisory aims to drive efficient business transformation and operational excellence for insurers, reinsurers, MGAs, and agents & brokers.
Client Impact
Xceedance has a notable impact on its clients, exemplified by their 63% reduction in claims costs and handling over 2,500 claims in just two months. These results underscore the company's effectiveness in delivering cost-saving, efficient claim processing solutions tailored for the insurance industry.