Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain services, has announced the acquisition of Activer Solutions.
Massachusetts-based Activer Solutions specializes in insurance operations and technology services for front-, middle, and back-office operations of property and casualty insurers. Over the next few months, Activer Solutions will be absorbed into Xceedance’s US operations.
“The US property and casualty insurance market represents more than half our global business today, and it’s growing,” said Manish Khetan (pictured above), chief strategy officer at Xceedance. “We look forward to further developing insurance life-cycle operations in the US and Canada to benefit both current and prospective Activer Solutions and Xceedance clients. 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.”
The acquisition will allow Xceedance to expand workflow flexibility and efficiencies for insurance providers in risk evaluation and underwriting, policy service for agents and customers, and claims operations, the company said.
“The experienced Activer Solutions team is well-positioned to seamlessly integrate our offerings, technology and skills within the Xceedance enterprise,” said Brian Carignan, chief operating officer at Activer Solutions. “We look forward to leveraging a wealth of natural synergies in delivering significant business value to insurance organizations.”