STRATEGIC CONSULTANCY - Insurance Consulting, Managed ... · Xceedance is an insurance-focused...
Transcript of STRATEGIC CONSULTANCY - Insurance Consulting, Managed ... · Xceedance is an insurance-focused...
STRATEGIC CONSULTANCY AND MANAGED SERVICESServing Insurance Organizations Worldwide
USA | UK | Germany | Poland | India | Australia
GLOBAL INSURANCE CONSULTANCY AND INSURTECH-PLUS PROVIDER FOR TRANSFORMATION AND GROWTHXceedance is an insurance-focused consulting, technology, and managed services company, supporting re/insurers, brokers
and program administrators/MGAs worldwide. Above all, the people of Xceedance are forward-looking problem solvers
with extensive industry know-how. At its core, Xceedance creates measurable business value. We empower continuous
improvement of operational processes and systems. Our teams enhance the resources and technologies of our clients —
boosting workflow efficiency, enterprise visibility, and profitability.
Supplying comprehensive, knowledgeable services to reinforce insurance operations is the essence of our unique
value proposition. Xceedance facilitates all fundamental insurance functions, including underwriting, actuarial
services, policy management, claims handling, and finance. As experts in data sciences, CAT modeling, and
business intelligence, we exploit vast data sources, so re/insurers can better plan and
execute their goals.
Xceedance has made strategic investments in technologies including blockchain, robotic
process automation (RPA), and artificial intelligence (AI) to help clients excel in
the rapidly evolving age of insurtech. We offer a wide range of technology
services including product design, configuration, and distribution, and
proprietary and legacy system enhancements. Xceedance has proven
experience in building highly-responsive policy administration
systems (PAS) with robust, modern architecture to meet the
specific requirements of global program administrators/MGAs
and re/insurers.
Client Value Clients perceive and expect value in different ways — based on a personalized set of
significant and strategic objectives. At Xceedance, we seek to understand those objectives and
collaborate closely and attentively with each client to achieve them. Our experienced consulting services
team provides highly customizable blueprints for clearly defining “desired states” — by leveraging Adaptive
Target Operating Models with rigorous, dynamic benchmarking, and individualized operational analytics.
Diverse companies look to Xceedance for assistance in accelerating time to profitability, improving policyholder services
and reducing the frictional costs of doing business. They rely on us to launch new products, drive operations, deploy cutting-
edge technology, enrich business processes, and implement advanced analytics. Our clients cite Xceedance as one of the key factors
driving their success. They view the relationship with Xceedance as a direct contributor to improvements in their combined ratios
or expense ratios (in some cases by multiple percentage points), and a source of multi-million dollar returns on investment. The
dedicated insurance focus of our experts and delivery teams has earned Xceedance the reputation of a progressive, trustworthy
business partner to insurance organizations.
Boston, USA London, UK Munich, Germany
“We are very pleased with the
continuous productivity, teamwork
and collaboration between our
organization and Xceedance.
We are looking to expand the
Xceedance team even further to
support our growth strategy.”
Vice President - IT,
subsidiary of a global specialized
casualty and liability insurer
INSURANCE OPERATIONSSubmission Clearance
Cash Management
Policy Lifecycle
MIS/Regulatory Reporting
UNDERWRITINGRisk Assessment
Pricing
Underwriting Audits
Risk Management
CATASTROPHE & EXPOSURE MANAGEMENTRisk Assessment and Pricing
Portfolio and Capacity Management
Model Validation and Evaluation
R&D – Data Solutions
ACTUARIAL SERVICESPricing
Capital Modeling
Loss and Expense Reserving
Reinsurance Solutions
POLICY SERVICEPolicy Issuance
Endorsements
Renewal Management
Forms Management
TECHNOLOGY & CORE SYSTEMSEnterprise Application Development
Product Distribution Design
Proprietary and Legacy Product Configuration
Platform Alignment and Optimization
INSURANCE DATA SCIENCESData Management and Augmentation
Solution Design
Descriptive, Predictive, Prescriptive Models
Simulation and Optimization Models
BUSINESS INTELLIGENCE & REPORTING Data and Reporting Strategy
Data Warehouse Development
Data Conversion
Visualization and Dashboards
CLAIMSFirst Notice of Loss - Intake and Set-up
Investigation, Evaluation and Payments
Loss Run Management
Subrogation and Compliance
FINANCE & ACCOUNTINGTechnical Accounting
Regulatory and Financial Reporting
AP and AR Management
SOX and Internal Audit
“Xceedance offers a very cost-effective, timely and accurate approach to portfolio exposure analytics. Their forte is in applying advanced analytics and intelligence to provide insightful and actionable solutions.”
Director, Lloyd’s market broker/MGA
OUR CAPABILITIES
Krakow, Poland NCR & Bangalore, India Sydney, Australia
ACCELERATING VALUE
Our Work Xceedance deliverables include building direct distribution platforms, rating and pricing engines, and policy and claims management systems. Our teams excel at enabling next generation distribution and digital transformation. We have designed and deployed unique solutions to strengthen policyholder experience, provide business insights and map the behavior of insureds.
COMPREHENSIVE INSURANCE
OPERATIONS
Daily access for 900+ brokers; Handles 2,500+ requests/day
Scalable system, with 3 second average response time
Booked $60M+ since implementation
Quote, policy service, endorsements, renewals, claims, reporting, invoicing, reconciliation
CHALLENGE New markets are hard to establish.
SOLUTION End-to-end system enables new market entry and rapid profitability.
SUBMISSION CLEARANCE
High transaction capacity – processing 2000+ submissions per month with minimal staffing
Quick turnaround – Same day processing of 99% of transactions
CHALLENGE An inefficient submission clearance process can directly impact the bottom line.
SOLUTION Xceedance created an automated submission clearance system.
CLAIMS OPERATIONS
Lean workflow to process thousands of claims annually and deliver superior customer experience
Same day claims processing with 99% accuracy
Automates hundreds of monthly loss run reports
Expedite process standardization and data security
CHALLENGE Managing high claims volumes effectively and to the satisfaction of customers.
SOLUTION Digital claims suite.
CUSTOMIZED AND INTEGRATED
INSURANCE PLATFORM
Process complex, rules driven accounts in 24-72 hours
Data enrichment, geocoding, precise data scrubbing
Prepare data for CAT modeling
CHALLENGE Customizing technology to sustain growth.
SOLUTION Extensible insurance platform to support integration and productivity.
POLICY SERVICE
Underwriting and policy lifecycle tracking
Superior standards for service, accountability, transparency – resulting in 68% increase in turnaround times
Product expansion and lean operations for top/bottom line growth
Automated Certificates of Insurance and standard form policies
CHALLENGE Business inefficiencies with disparate policy processing.
SOLUTION Managed services for policy issuance.
CREDIT CONTROL
Facilitate collection of $1B+ in premium and 89% rate of invoices paid on or before due dates
The automation process greatly improves invoicing accuracy, consistency, presentation and overall turnaround time
Automation tools enable regulatory requirements to be met
CHALLENGE Accounts receivable bottlenecks.
SOLUTION Process engineering for credit control and streamlined invoicing.
Boston, USA
+1 (617) 531-2158
London, UK
+44 (0) 203 786 1225
Munich, Germany
+ 49 175 693 8732
www.xceedance.com
© 2019 Xceedance