Re/insurance service provider Xceedance has announced a partnership with Ultimate Risk Solutions (URS) to deliver risk management, modelling and actuarial and analytics services to insurance organisations worldwide.
The partnership combines URS’s expertise in risk and financial modelling with the actuarial and analytics capabilities from Xceedance, enabling insurance organisations to optimise reinsurance contracts, enhance capital modelling and improve financial results.
URS co-founder and executive director, Anya Kutsina commented on the partnership: “Partnering with Xceedance is a significant step towards our goal to help insurance organizations tackle challenges they face in risk modelling.
“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.”
SVP and Chief Actuary for Xceedance, Matthew Duke added: “The partnership with URS enhances critical capabilities for risk management and strategic planning by insurance organizations.
“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. 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.”
By integrating dynamic enterprise risk management and financial modelling solutions, actuarial insights, deep industry knowledge, and intelligent automation, this partnership between the two companies provides a turnkey suite of technology-enabled services for insurance organisations of all sizes.