(Image credit: PIRO4D.)
Xceedance, a Boston-based global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, has announced its acquisition of Activer Solutions. Located in Marlborough, Massachusetts, U.S.A., Activer Solutions specializes in insurance operations and technology services for the front, middle, and back office operations of property and casualty insurers. Xceedance says that during the next few months, Activer Solutions will be absorbed into its U.S. operations.
“The U.S. property and casualty insurance market represents more than half our global business today, and it’s growing,” comments Manish Khetan, chief strategy officer, Xceedance. “We look forward to further developing insurance lifecycle operations in the U.S. and Canada to benefit both current and prospective Activer Solutions and Xceedance clients. By adding the onshore capabilities of Activer Solutions—including front office customer care services, plus support functions for underwriting and claims, as well as technology services, and full insurance document printing/distribution solutions—we can expand our industry-focused proficiencies to drive growth in North America.”
A Wealth of Synergies
Launched in 2000, Activer Solutions’ team consists of a knowledgeable insurance professionals, many with over 15 years of experience. Xceedance says the acquisition will allow the company to expand workflow flexibility and efficiencies for insurance providers in risk evaluation and underwriting, policy service for agents and customers, and claims operations. With the assets of Activer Solutions on board, Xceedance says that North American insurers, reinsurers, brokers, and managing general agents (MGAs) can leverage the combined onshore insurance operations expertise of Xceedance and Activer Solutions to boost strategic business performance, create capacity for growth and overflow, and improve expense management.
“The experienced Activer Solutions team is well-positioned to seamlessly integrate our offerings, technology, and skills within the Xceedance enterprise,” comments Brian Carignan, chief operating officer, Activer Solutions. “We look forward to leveraging a wealth of natural synergies in delivering significant business value to insurance organizations.”