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XCEEDANCEMGA AGILITY SUITE
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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The extended soft market is the biggest challenge for MGAs at the moment.Intelligent Insurer
For MGAs, what matters most (to secure capacity) is attention to detail, market knowledge and relationships, and data, technology and innovation.Insurance Post
MGAs of the future need to be leaner, more cost effective, and tech-enabled.Insurance Insider
The Way Forward
MGAA MATTERS SURVEY
42% participants feel insurtech helps MGAs evolve their business model to be more customer-centric
38% participants believe MGAs would be at the forefront of addressing emerging risk and new products
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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Xceedance MGA Agility SuiteCombining technology and services to deliver strategic support for MGA and MGU operations in all commercial and personal LOBs, across geographies.
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
REINSURANCEPROPERTY ǡ General Property, D&F ǡ Commercial Crime ǡ Equipment Breakdown ǡ Inland Marine ǡ Commercial Property ǡ Power and Utilities
CASUALTY ǡ General Liability ǡ Auto Liability ǡ Workers Compensation ǡ Excess and Umbrella ǡ Professional Liability ǡ Directors and Officers ǡ Errors and Omissions
SPECIALTY ǡ Marine ǡ Energy ǡ Accident and Health ǡ Pollution ǡ Specie ǡ Aviation ǡ Terrorism ǡ Engineering
ǡ Facultative ǡ Treaty
COMMERCIAL LINES
PERSONAL LINES LIFE INSURANCE
AUTOMOBILE HOMEOWNERS ǡ Personal Umbrella
MISCELLANEOUS ǡ Boat Owners ǡ Travel Insurance ǡ Renters Insurance
LIFE & ANNUITY ǡ Future Capability
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The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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Xceedance MGA Agility SuiteTechnology and services for front-, middle-, and back-office support
ǡ Customer Acquisition ǡ Underwriting Rules ǡ Rating ǡ Issuance ǡ Endorsements ǡ Renewals ǡ Cancellations ǡ Management
ǡ Bolster existing PAS with intelligent technologies
ǡ Integrate third-party data feeds
ǡ Smart automation ǡ Process optimization ǡ Advanced analytics ǡ Capacity building
ǡ Insurance Operations ǡ Underwriting Support ǡ CAT modeling ǡ Actuarial ǡ Policy Services ǡ BI & Reporting ǡ Claims ǡ Finance & Accounting
MGA POLICY SYSTEM DIGITAL SOLUTIONSFOR MGAs/MGUs
XCEEDANCESERVICES
Customizable and modular PAS for new and existing MGAs/MGUs
Digital solutions to augment operations of existing MGAs/MGUs
Strategic operation support across the insurance lifecycle
Xceedance MGA Agility Suite comprises modules that can be selected as needed to enable turnkey implementation.
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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MGA Policy SystemIncreased efficiency, accuracy, and productivity
ǡ Help MGAs/MGUs write more business quickly and accurately, develop
programs and products efficiently, and mobilize distribution partners
ǡ Bundle various LOBs into single package policies
ǡ Automate submissions, quotes, binding, endorsements,
cancellations, and renewals
ǡ Integrate with third-party data sources
ǡ Enable customization of rating, pricing, and business rules
ǡ Interface with other systems to ensure a single source of truth
ǡ Generate documents for quote submission and policy binding
ǡ Bolster reporting for internal and external compliance
Customizable, out-of-the-box, fully integrated policy administration system for MGAs and MGUs
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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Technology Advantage
Custom built pricing model
GDPR compliant
Cloud based
Complete MIS capability
Data transfer to capacity provider (Bordereau)
Fast quote response
MGA POLICY SYSTEM4
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The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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Insurance Lifecycle Support
CATASTROPHE & EXPOSURE MANAGEMENT
ACTUARIAL SERVICES
POLICY SERVICE
UNDERWRITING
INSURANCE OPERATIONS
ǡ Submission Clearance ǡ Cash Management ǡ Policy Lifecycle ǡ MIS and Regulatory Reporting
ǡ Risk Assessment ǡ Pricing ǡ Underwriting Audits ǡ Risk Management
ǡ Risk Assessment and Pricing ǡ Portfolio and Capacity Management ǡ Model Validation and Evaluation ǡ R&D – Data Solutions
ǡ Pricing ǡ Capital Modeling ǡ Loss and Expense Reserving ǡ Reinsurance Solutions
ǡ Policy Issuance ǡ Endorsements ǡ Renewal Management ǡ Forms Management
The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
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Insurance Lifecycle Support
BUSINESS INTELLIGENCE& REPORTING
CLAIMS
FINANCE & ACCOUNTING
INSURANCE DATA SCIENCES
TECHNOLOGY & CORE SYSTEMS
ǡ PAS and Enterprise Application Development ǡ Product Distribution Design ǡ Proprietary and Legacy Product Configuration ǡ Platform Alignment and Optimization
ǡ Data Management and Augmentation ǡ Solution Design ǡ Descriptive, Predictive, Prescriptive Models ǡ Simulation and Optimization Models
ǡ Data and Reporting Strategy ǡ Data Warehouse Development ǡ Data Conversion ǡ Visualization and Dashboards
ǡ First Notice of Loss – Intake and Set-Up ǡ Investigation, Evaluation and Payments ǡ Loss Run Management ǡ Subrogation and Compliance
ǡ Technical Accounting ǡ Regulatory/Financial Reporting ǡ AP and AR Management ǡ SOX and Internal Audit
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The Way Forward
Xceedance MGA Agility Suite
MGA Policy System
Technology Advantage
Insurance Lifecycle Support
Measure of Our Success
1 Measure of Our Success
ǡ Xceedance engineered an integrated PAS and rating/pricing engine for multiple lines of business. The system:
– Utilizes data feeds to considerably reduce the number of risk evaluation questions a prospective client must answer
– Boosts straight-through processing by leveraging machine learning to draw on underwriters' decisions
ǡ Just 2-3 underwriters can underwrite several hundred policies each week with Xceedance MGA Agility Suite.
UK MGA transforms underwriting operations for HNW policies
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ǡ Xceedance delivered a bespoke automated PAS with a built-in customized rating and pricing engine.
ǡ The PAS helps onboard multiple brokers and allows them to bundle various lines of insurance (home, landlord, motor, SME) into a single package policy.
ǡ Progress report for the first six months post-implementation:
Australian startup MGA launches personal lines and SME insurance
2000+brokers onboarded
A$30mwritten in premiums
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, visit www.xceedance.com or write to us at [email protected].
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