Xceedance, a provider of insurance consulting, managed services and technology, has announced a partnership with Ultimate Risk Solutions (URS) to provide risk management modelling and actuarial and analytics services to insurance organisations.

The partnership combines URS’s expertise in risk and financial modelling with Xceedance’s actuarial and analytics capabilities, enabling insurance organisations to optimise reinsurance contracts, enhance capital modelling and improve financial results.

“Partnering with Xceedance is a significant step towards our goal to help insurance organisations tackle challenges they face in risk modelling,” said Anya Kutsina, URS co-founder and executive director. “The extensive insurance consulting expertise of Xceedance, combined with a powerful suite of URS products, empowers insurers and reinsurers to minimise risks while maximising operational results and growth opportunities.”

“The partnership with URS enhances critical capabilities for risk management and strategic planning by insurance organisations,” said Matthew Duke, senior vice president and chief actuary at Xceedance. “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 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.”