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Xceedance partnership aims to boost services to insurers

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Bermudian-domiciled Xceedance and New York City-headquartered Ultimate Risk Solutions have entered into a partnership to deliver enterprise risk management modelling and actuarial and analytics services to insurance organisations worldwide.

The companies said the alliance combines deep expertise and proven technology from URS in risk and financial modelling, with best-in-class actuarial and analytics capabilities from Xceedance — enabling insurance organisations to optimise reinsurance contracts, enhance capital modelling and improve financial results.

Re/insurers can streamline workflows and processes for all their organisational needs relating to ERM services, financial modelling and actuarial services, the companies said.

“Partnering with Xceedance is a significant step towards our goal to help insurance organisations tackle challenges they face in risk modelling,” said Anya Kutsina, Ultimate Risk Solutions’ co-founder and executive director.

“The extensive insurance consulting expertise of Xceedance, combined with a powerful suite of URS products, empowers insurers and reinsurers to minimise risks while maximising operational results and growth opportunities.”

Matthew Duke, SVP and chief actuary at Xceedance, said: “The partnership with URS enhances critical capabilities for risk management and strategic planning by insurance organisations.

“As re/insurers look to develop and execute their business plan, they also need to identify ways to manage their assumed risk and quantify those impacts.

“Powered by the tools and resources from URS, the Xceedance actuarial and analytics team can help re/insurers develop and execute on their plan, and proficiently model the impact of assumed risk to their operations.”

By integrating dynamic enterprise risk management and financial modelling solutions, actuarial insights, deep industry knowledge and intelligent automation, the Xceedance-URS partnership provides a turnkey suite of technology-enabled services for insurance organisations of all sizes, the companies said.

Anya Kutsina, Ultimate Risk Solutions’ co-founder and executive director
Matthew Duke, SVP and chief actuary at Xceedance

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Published March 22, 2022 at 7:44 am (Updated March 22, 2022 at 7:44 am)

Xceedance partnership aims to boost services to insurers

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