Xceedance Digital Underwriting Assistant (XDUA)
Overview
Xceedance Digital Underwriting Assistant (XDUA) eliminates the tiring manual process of identifying and extracting
unstructured data and storing that information in spreadsheets. Achieve significant cost savings by using our AI and
machine learning tools to improve monitoring and controls, automate workflows to streamline processes, gather detailed
insights into claims and exposures, and reduce errors.
Key Features
- Improved monitoring and controls
- Streamlined process flow
- Automatic allocation of tasks to processors
- Automated notifications and alerts
- High accuracy of extracted data
- Automated audit trail
- Hassle-free transfer of task and data from processors to reviewers
- Analytics
- Automation Journey
- End-to-end processing of loss run and exposures for an account
- No major process changes required
- Process team can focus more on analysis and decision making
- Underwriting team will have access to more detailed insights on losses
Key Benefits
- Reduced manual effort in inventory creation
- Improved monitoring and control
- Automated extraction of loss data from loss run reports
- Reduced use of excel for data preparation
- Readily availability of past years’ data via integrations
- Improved process efficiency
- Reduced AHT for process
- Easy to scale up loss and exposure data processing capability
- Reduced cost per transaction
Product/Service details
SOLUTION OR SERVICE TYPE
Actuarial / Capital Modeling, Advanced Data and Analytics Software (beyond BI), Business Process Outsourcing Services, Digital Insurer, Digital MGA, Insurance Digital Platforms, Insurance Loss Control Systems, Insurance Modeling Tools (catastrophe, cyber, other liabilities, Managing General Agent (MGA) Administration Systems, Underwriter Workstations - P&C / General Insurance, Unstructured Data Analysis Tools