(Image source: Ultimate Risk Solutions homepage.)
Xceedance, a Boston-based global provider of strategic insurance consulting and technology serving insurance organizations,has announced a partnership with Ultimate Risk Solutions (URS) for the two firms to deliver enterprise risk management (ERM) modeling and actuarial and analytics services to insurance organizations worldwide.
An Xceedance statement says the alliance combines deep expertise and proven technology from URS in risk and financial modeling, with best-in-class actuarial and analytics capabilities from Xceedance, enabling insurance organizations to optimize reinsurance contracts, enhance capital modeling, and improve financial results. Re/insurers can streamline workflows and processes for organizational needs relating to ERM services, financial modeling, and actuarial services, the statement says.
“Partnering with Xceedance is a significant step towards our goal to help insurance organizations tackle challenges they face in risk modeling,” Anya Kutsina, co-founder and executive director, Ultimate Risk Solutions. “The extensive insurance consulting expertise of Xceedance, combined with a powerful suite of URS products, empowers insurers and reinsurers to minimize risks while maximizing operational results and growth opportunities.”
Turnkey Suite of Tech-Enabled Services
By integrating dynamic ERM and financial modeling solutions, actuarial insights, deep industry knowledge, and intelligent automation, the Xceedance says its partnership with URS provides a turnkey suite of technology-enabled services for insurance organizations of all sizes.
Xceedance’s partnership with URS enhances critical capabilities for risk management and strategic planning by insurance organizations, according to Matthew Duke, SVP and chief actuary, Xceedance. “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,” Duke comments. “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.”