(Image source: Xceedance website.)
Xceedance (Boston), a provider of strategic operations support, technology, and data services to the global insurance industry, has launched its MGA Agility Suite under the leadership of Michael Parcelli as senior vice president and head of the MGA business. Designed to revolutionize the way program administrators, MGAs), and MGUs operate, the suite provides comprehensive digital solutions to enhance market presence, underwriting processes, and operational efficiencies, according to an Xceedance statement.
Key features of the MGA Agility Suite include the following, as described by the vendor:
Platform Integration: Quick market entry and scalability while fostering continuous innovation and minimizing ownership costs.
Technology Integration: Digitized and strengthened end-to-end processes, bolstering core operations for sustainable growth.
Licensed MGA Shell: A nationally licensed MGA for admitted and non-admitted markets to enable a cost-effective market entry point supported by fully integrated policy and claims management platforms.
Data Integration: Transformation of data into actionable insights with high-quality data migration, enrichment, and governance.
Operations Services: Comprehensive strategic support across the insurance lifecycle, including underwriting, policy administration, claims management, and more.
“The MGA Agility Suite represents a pivotal advancement in how MGAs can leverage technology to enhance operational capabilities and market responsiveness,” comments Parcelli. “Our suite is not just a set of tools; it’s a comprehensive ecosystem designed to support MGAs in their quest for efficiency, scalability, and competitive advantage. With decades of experience in the insurance sector, I’ve witnessed the transformative power of technology and am excited to lead the deployment of this innovative solution that addresses the nuanced needs of MGAs and MGUs.”
Parcelli brings extensive experience to drive the success of the MGA Agility Suite, having held senior roles for nearly 40 years in underwriting, claims, and technology at insurance carriers, brokers, and MGA distribution channels.
“Under Michael Parcelli’s seasoned leadership, this suite is set to redefine industry standards, providing MGAs with an unparalleled platform that integrates cutting-edge technology and data-driven insights,” comments Travis MacMillian, president of Americas, Xceedance. “Our focus remains steadfast on enabling our clients to surpass their operational goals while maintaining agility in the dynamic insurance landscape.”