What is Xceedance Operations Management?
Efficient, well-managed operations — including the automation of routine tasks, the flagging and escalation of exceptions, and rules-driven workflows — can make it easier to increase a book of business, even as you reduce operating costs and turnaround times. Whether for an insurer, an agent, broker, or an MGA, profitability depends on two things: risk selection and efficiency.
Xceedance receives and clears submissions based on set guidelines and mandatory checks, capture relevant data, and communicate submission status to the underwriter, helping the customer to boost underwriting efficiency. Xceedance Operations Management solutions simplify submission processing by recording premium, coverage limits, installment information, domicile and renewal dates, and more, and coding premium-bearing transactions to satisfy ASLs.
Xceedance provides services like:
- Clearance and Submission Management -Receive and clear submissions based on set guidelines and mandatory checks. Capture relevant data and communicate submission status to the underwriter.
- Automated Processing - Record premium, coverage limits, installment
information, domicile and renewal dates
and more
Code premium-bearing transactions to
satisfy ASLs
- Invoicing, Collections & Cash Management: Post binder invoicing, billing and collections, disbursement revenue recognition
- Policy Lifecycle Management and Renewals: Creating renewal entries 90 days in advance
Sending renewal notifications to LOB groups
90-120 days in advance
MIS and regulatory reporting
UAT support for testing platforms and
applications
Process automation
Functional and technical support.
Categories & Use Cases
Technical Details
| Mobile Application | No |
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FAQs
What is Xceedance Operations Management?
Xceedance provides technology supporting insurance operations, which capabilities extending across submissions management, document management, billing and collections, renewal management, and other support (e.g. communications).