Xceedance acquires US-based insurtech provider

22-01-2020

Xceedance, the Bermuda-based insurance consultancy and technology company,  has acquired the US technology vendor, Activer Solutions. 

Activer provides insurance operations and technology services for the front, middle, and back office operations of property and casualty insurers. It will be absorbed into Xceedance’s US operations

Manish Khetan, chief strategy officer at Xceedance, noted the US property and casualty insurance market constitutes more than half of Xceedance’s global business, and is growing. 

“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,” said Khetan.

Xceedance said the acquisition will allow it to expand workflow flexibility and efficiencies for insurance providers in risk evaluation and underwriting, policy service for agents and customers, and claims operations. 

Brian Carignan, chief operating officer at Activer Solutions, said there were natural synergies between the two businesses that ensured Activer would seamlessly integrate its offerings, technology and skills into its new owner. 

 

Xceedance, Activer Solutions, Manish Khetan, Brian Carignan

Bermuda Re