Xceedance | December 01, 2020
Xceedance, a global supplier of strategic insurance consulting and technology servicing insurance associations around the world, today reported the extension of its global Actuarial and Analytics Services practice, driven by Matthew Duke, SVP and chief statistician.
“Matthew looks at actuarial services from a business perspective first,” said Manish Khetan, COO of North America operations at Xceedance. “His approach to maximizing the value of the insurance actuarial function can be transformational for large companies looking to streamline and focus operations. Small to mid-size insurance companies, which may not have the bandwidth to truly take advantage of progressive actuarial services, can also benefit from the Xceedance offering.”
Duke acquires 15 years of authority actuarial and analytics disciplines, with ability in technique execution, encouraging authoritative change, and settling business challenges by means of information driven experiences that straightforwardly sway productivity. He is an individual from the American Academy of Actuaries (MAAA), a partner of the Casualty Actuarial Society (ACAS), perceived as a partner in reinsurance (ARe) by The Institutes, and accomplished his MBA from The Wharton School, University of Pennsylvania. Preceding joining Xceedance, Duke worked at Blackboard Insurance as head of evaluating and development analytics, where he created actuarial estimating foundation, driven state recording activities, reclassified the function of a statistician, and selected top ability. Notwithstanding break head of danger at Blackboard, Duke held situations at Freedom Mortgage, Guy Carpenter, Arch Insurance Group, and Travelers.
“Xceedance has provided actuarial services to insurance companies for several years, building a foundation upon which an expanded practice with broader reach can be established,” said Duke. “I strongly believe the involvement of proficient actuaries at all levels of the insurance decision-making process can translate to real value on the profit and loss statement. In partnering with Xceedance, insurance organizations can have access to top-quality actuarial and analytics resources, not only for standard pricing and reserving work, but also to enable other functions which contribute to the goals and outcomes of a company’s strategic plan.”
Xceedance (www.xceedance.com) is a global provider of strategic consulting and managed services, technology, data sciences, and blockchain solutions to insurance organizations. Domiciled in Bermuda, with offices in the United States, United Kingdom, Liechtenstein, Switzerland, Poland, India, and Australia, Xceedance helps insurers launch new products, drive operations, implement intelligent technology, deploy advanced analytic capabilities, and achieve business process optimization.
Mindtree, UPC Insurance | April 27, 2021
Mindtree, a main advanced change, and innovation administration organization, has joined forces with Duck Creek to improve the client experience for UPC Insurance clients through the execution of SaaS-based center frameworks. This incorporates strategy, charging, claims, information bits of knowledge, and protection innovation arrangements just as the combination of various applications on a solitary coordinated stage, made conceivable with Duck Creek OnDemand, the supplier's SaaS answer for the property and loss (P&C) protection industry.
UPC Insurance is a chief forte guarantor of fiasco uncovered property protection in the seaside U.S. for individual and business properties. With uplifting client assumptions around quick and helpful preparing of cases, UPC Insurance has effectively modernized its IT frameworks so they can improve operational efficiencies and interaction claims surprisingly fast rather than hours.
"Our association with Mindtree and Duck Creek has prompted the dispatch of our most recent organization, Skyway Technologies. Skyway.com will offer Direct-to-Consumer individual lines property holders' items, taking into consideration a genuine multi-channel insight for UPC clients" said Chris Griffith, President of Skyway Technologies and CIO of UPC Insurance. "By speeding up our computerized change endeavors, with assistance from experienced accomplices like Mindtree and Duck Creek, we can adjust all the more rapidly and carry development to our clients along the coast."
Carefully empowered, UPC Insurance furnishes clients with the quicker admission of first notification of misfortune (FNOL), touchless cases taking care of, upgraded installment capacities including advanced installments, and improved client support on its self-administration channels. Furthermore, new item dispatches and item updates would now be able to occur in weeks versus months. Utilizing examination across the association, UPC Insurance can adopt a bit of a knowledge-driven strategy to advance client encounters, acquiring an upper hand.
"We cheer UPC Insurance for taking intense new activities to turn into the chief transporter of calamity protection in the U.S. what's more, modernizing its center frameworks to accomplish its computerized change destinations," said Venu Lambu, Executive Director and President, Global Markets, Mindtree. "Along with Duck Creek, we can guarantee on schedule, on-spending conveyance of arrangements – permitting UPC Insurance to send new items at the speed of business, and to give its clients an improved computerized insight."
"This computerized change addresses a critical advance forward for UPC, and is one more sign that evergreen SaaS advances are the new norm in P&C protection," said Matt Foster, COO of Duck Creek Technologies. "Duck Creek OnDemand will allow UPC to zero in on offering the new items and client encounters its policyholders expect – while our group offers every one of the types of assistance, backing, and figuring assets it needs to move forward in an undeniably aggressive commercial center. Along with Mindtree, we are glad to salute UPC on this significant achievement in its proceeded with development and achievement."
Mindtree is a worldwide innovation counseling and administration organization, assisting endeavors with wedding scale with the nimbleness to accomplish the upper hand. "Conceived advanced," in 1999 and now a Larsen and Toubro Group Company, Mindtree applies its profound space information to 270 endeavor customer commitment to separate storehouses, figure out computerized intricacy and offer new activities for sale to the public quicker. We empower IT to move at the speed of business, utilizing arising advances and the efficiencies of Continuous Delivery to spike business development. Working in 24 nations across the world, we're reliably viewed as perhaps the best work environment, encapsulated each day by our triumphant culture comprised of more than 23,800 enterprising, community-oriented, and committed "Mindtree Minds."
About Duck Creek Technologies
Duck Creek Technologies is a main supplier of center framework answers for the P&C and General protection industry. By getting to Duck Creek OnDemand, the organization's venture Software-as-a-Service arrangement, protection transporters can explore vulnerability and catch market openings quicker than their rivals. Duck Creek's practically rich arrangements are accessible on an independent premise or as a full suite, and all are accessible utilizing Duck Creek OnDemand.
About UPC Insurance
Established in 1999, UPC Insurance is a protection holding organization that sources, composes, and benefits individual and business private property and loss protection strategies utilizing a gathering of completely possessed protection auxiliaries through an assortment of conveyance channels. The Company as of now composes approaches in Connecticut, Florida, Georgia, Louisiana, Massachusetts, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Texas. From its central command in St. Petersburg, UPC Insurance's group of devoted experts deals with a coordinated insurance agency, including deals, endorsing, client support, and claims
JourneyGuide, Great American Life Insurance Company | April 12, 2021
JourneyGuide announces a strategic partnership with Great American Life Insurance Company® to directly model some annuity products in JourneyGuide's retirement planning software.
JourneyGuide, Inc., an innovative retirement income planning software provider for financial advisors, confirmed that it has started modeling the following options directly in its software from Great American Life Insurance Company®, a leading annuity provider:
• American Legend® 7
• Index Frontier® 5
• Index Protector 5 MVA℠
• Index Protector℠ 7
• Index Summit 6® (coming soon)
The partnership between JourneyGuide and Great American Life allows for greater accuracy in the modeling of its income annuities. Besides, JourneyGuide will now model Great American Life's accumulation annuities, like the Index Frontier 5, the company's flagship registered index-linked annuity. These enhancements enhance the annuity options available to all JourneyGuide advisors.
“JourneyGuide is delighted to be partnering with Great American Life, a highly rated and innovative carrier with decades of experience,” said Gary Moorman, JourneyGuide's Head of Business Development & Sales. “We aim to provide our advisors with solutions that support their clients' retirement plans, and we are confident that Great American Life annuities will help us achieve that goal.”
“We are pleased to offer our growth and protection solutions within this dynamic platform,” said Joe Maringer, Senior Vice President and National Sales Manager of Great American Life. “It is extremely valuable for financial advisors and their clients to be able to see the benefits that insurance will bring to a portfolio. We are pleased to collaborate with JourneyGuide to provide thousands of advisors with access to our annuity solutions, which will further simplify retirement and income planning needs.”
About JourneyGuide, Inc.
JourneyGuide assists advisors in enhancing retirement outcomes for millions of people who, rightly, are concerned about outliving their retirement assets. The software, which was developed with annuity sales in mind, provides an interactive retirement planning experience for advisors and clients to complete together. JourneyGuide enhances advisor efficiency and client awareness and control of their retirement plan, resulting in peace of mind.
About Great American Life Insurance Company
Great American Life Insurance Company®, a member of Great American Insurance Group (GAIG), assists in the simplification of the path to financial stability by offering traditional fixed, fixed-indexed, and registered index-linked annuities in the retail, broker-dealer, financial institution, and registered investment advisor markets. GAIG's members are American Financial Group, Inc. subsidiaries (AFG). The symbol AFG is used to identify and sell AFG common stock on the New York Stock Exchange.