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 insurance experts support organizations with post binder invoicing, billing and collections, disbursement, and revenue collection. Leveraging proprietary tools and processes, we hone policy lifecycle management and renewals by creating renewal entries, sending renewal notifications to LOB groups 90-120 days in advance, improving MIS and regulatory reporting, and providing functional and technical support.

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.

Xceedance Operations Management

What is Xceedance Operations Management?

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