Xceedance

Xceedance is a global provider of consulting and managed services, specializing in technology, analytics, and data sciences for re/insurance organizations. The company focuses on creating direct distribution platforms, rating and pricing engines, and policy and claims management systems. Its team of insurance technology experts supports clients in various areas, including application and product development, data warehousing, and IT infrastructure maintenance for both legacy and new systems. By developing comprehensive platforms and digitizing processes, Xceedance enhances customer service, improves decision-making, and promotes the growth of its clients.

Justin Davies

SVP, Head of Region, EMEA

Praveen Pachaury

Senior Vice President of Technology and Digital

Amit Tiwari

Co-Founder, Executive Vice President

9 past transactions

Further AI

Seed Round in 2025
Further AI is an AI platform that assigns workflows like quote generation, policy checking and renewal processing to AI teammate.

Friendly

Corporate Round in 2025
Friendly is a company focused on robotic cognition, providing workflow automation solutions specifically for the insurance and financial services sectors. Its advanced platform utilizes optical character recognition (OCR) technology and deep learning to process complex documents, including those with handwriting and varied data formats. Friendly's solutions enable clients to digitize documents from various sources and automate the adjudication of claims, streamlining health and life insurance processes. By offering a comprehensive end-to-end solution, Friendly enhances operational efficiency and accuracy for its clients.

CIS Claim Services

Acquisition in 2025
CIS Claim Services is a unit of CIS Group that provides insurance and management property services.

Millennium Information Services

Acquisition in 2024
Millennium Information Services is an information services company offering property inspection services.

Vitraya

Series A in 2023
Vitraya is an insuretech startup based in India, founded in 2019, that specializes in developing a healthcare claims settlement platform for hospitals, healthcare providers, and insurers. The platform employs smart contracts and blockchain technology to enhance data security and streamline the claims process. By detecting document and identity forgery and automating the screening of documents against policy codes, Vitraya enables real-time payouts and instant approvals, thereby improving the efficiency of claims settlements. The company's mission focuses on enhancing the patient experience through more effective settlement systems, allowing clients to safely manage and finalize settlement contracts.

Vitraya

Seed Round in 2023
Vitraya is an insuretech startup based in India, founded in 2019, that specializes in developing a healthcare claims settlement platform for hospitals, healthcare providers, and insurers. The platform employs smart contracts and blockchain technology to enhance data security and streamline the claims process. By detecting document and identity forgery and automating the screening of documents against policy codes, Vitraya enables real-time payouts and instant approvals, thereby improving the efficiency of claims settlements. The company's mission focuses on enhancing the patient experience through more effective settlement systems, allowing clients to safely manage and finalize settlement contracts.

Five Sigma

Series A in 2021
Five Sigma LTD. is a software company based in Tel Aviv-Yafo, Israel, that specializes in automating the claims management process for the insurance industry through its cloud-based platform. Founded in 2017, Five Sigma offers a data-driven Claims Management Solution that incorporates artificial intelligence and machine learning capabilities. This platform streamlines claims processing by implementing automated workflows and utilizing data modeling to provide insightful recommendations, enhancing decision-making for insurance adjusters and minimizing errors. The solution is utilized by various entities within the insurance sector, including leading insurance carriers, Insurtech firms, third-party administrators, and self-insured organizations, to modernize their claims operations, reduce claims leakage, ensure compliance, and enhance overall customer experience.

Activer Solutions

Acquisition in 2020
Activer Solutions focuses on providing insurance operations and technology services tailored for the property and casualty insurance sector. The company offers business process outsourcing solutions that are designed to integrate seamlessly into existing workflows. This adaptability allows insurers to quickly respond to emerging opportunities, helping them maintain a competitive edge and foster growth in a dynamic market environment.

ChainThat

Series A in 2017
ChainThat offers enterprise solutions utilizing blockchain technology, distributed ledger technology (DLT), and smart contracts to enhance collaboration among insurers, reinsurers, brokers, and managing general agents (MGAs). The company emphasizes customer-centric solutions for commercial and specialty insurance and reinsurance, aiming to improve operational productivity and ensure data quality. Its Insurance Blockchain Framework (CT-IBF) enables applications across the insurance value chain, including areas such as placement, contract management, claims administration, and accounting. By facilitating peer-to-peer interactions, ChainThat seeks to streamline processes and deliver strategic benefits within the insurance ecosystem.
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