Xceedance, the global provider of strategic insurance consulting and technology, will expand its global actuarial and analytics services practice.
The practice is led by Matthew Duke, senior vice president and chief actuary, who brings 15 years of leadership in actuarial and analytics disciplines to the role, with expertise in strategy execution. Prior to joining Xceedance Duke worked at Blackboard Insurance as head of pricing and growth analytics, where he developed actuarial pricing infrastructure and led state filing initiatives. He has also held positions at Freedom Mortgage, Guy Carpenter, Arch Insurance Group, and Travelers.
He is a member of the American Academy of Actuaries, an associate of the Casualty Actuarial Society (ACAS) and is recognised as an associate in reinsurance (ARe) by The Institutes.
The expansion of Xceedance's actuarial and analytics services mean it can now offer services in staff and technology enablement, pricing and growth analytics, reserving and claims analytics, data sciences and admitted market management.
Manish Khetan, chief operating officer for North America operations at Xceedance, said Duke's “approach to maximising the value of the insurance actuarial function can be transformational for large companies looking to streamline and focus operations.”
He added: “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 noted that Xceedance has provided actuarial services to insurance companies for several years. “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,” he said. “In partnering with Xceedance, insurance organisations 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, Matthew Duke, Manish Khetan