Interview: Monalisa Samal TUESDAY
and Puneet Bajpai, Xceedance
Expert support for catastrophe and
Re/insurers and brokers are realising the value of partnering with a strategic
managed services provider to keep abreast of new developments in catastrophe and
exposure management, as Monalisa Samal and Puneet Bajpai of Xceedance tell
When managing a global portfolio of
catastrophe risk, insurers, reinsurers,
and brokers are increasingly turning to experts
in this field for support in handling a growing
array of vendor models and to better manage
One company delivering such insights is
Xceedance, a strategic managed services provider
that specialises in working with re/insurers and
brokers globally to enhance operations and systems
across critical phases of the insurance lifecycle.
Monalisa Samal, vice president in the
catastrophe and exposure management unit at
Xceedance, explains the firm’s vast familiarity with
vendor catastrophe models and various exposure
management methodologies. The company
partners with its clients to help them gain better
insights into their risks.
Puneet Bajpai, also a vice president in the
catastrophe and exposure management unit at
Xceedance, describes the company’s experience
in comparing, evaluating, and fine-tuning a range
of models—and in customising risk estimation
processes for its clients.
“An industry-knowledgeable managed services
provider such as Xceedance can augment the
objective measurement of current catastrophe risk
exposures and capitalisation corresponding to the
risk management goals of re/insurers,” he says.
“We strive to quantify the nature and
probabilities of losses, as well as the risk tolerance
of our clients, in ways that produce actionable
insights,” Samal adds.
“Quantification allows our clients to deploy
capital more effectively. For insurance companies
and risk managers, we can provide comparative
analyses and leverage our know-how to create
proficient risk assessment tools for individual
This assistance helps clients better manage
potential build-ups of catastrophe risk exposure.
“We can analyse areas in which clients might be
Monalisa Samal and Puneet Bajpai
overexposed and make recommendations on high
hazard exposures. If those risks are modelled, we
examine the vendor models; if not, we work with
our clients to scrutinise a variety of underwriting
information and local data,” Samal notes.
The firm’s worldwide outlook reinforces the
risk analysis benefits it can provide for clients.
“Xceedance studies all risks globally and we
apply client-specific aggregation methodologies
to identify exposure concentrations. Our
insurance and technical experts are able to assess
the outputs and results of many vendor models
globally, and ascertain their strengths and
limitations,” Bajpai says.
The Xceedance approach helps clients evaluate
their risk appetites, and provides underwriters with
useful data insights for determining acceptable
exposure limits in insured portfolios.
Samal says her multifaceted teams help clients
optimise the assorted technologies and tools at their
disposal to establish underwriting guidelines.
“We work collaboratively with individual
clients to test various sensitivities that can help
risk managers in designing guidelines within
their risk parameters.”
With expert support from Xceedance, clients
are well-positioned to control, reduce, redistribute,
or transfer catastrophe exposure. “Much of what
we do is about managing accumulations of risks
and helping underwriters make better decisions.
The nature of recent hurricanes illustrates why this
is so important,” Samal states.
A managed services partner can give re/
insurers independent evaluations of models and
help to develop integrated modelling solutions.
“This comes down to taking a holistic approach
to cat modelling. We use our accumulated
knowledge to integrate multiple methods and to
develop the most suitable and beneficial outcome
for each client,” Bajpai says.
Xceedance has partnered in the development
of numerous advisory services in modelling and
exposure management for clients that apply
specific vendor models or prefer to develop
their own view of risk. Many of the services are
bespoke. Additionally, the company assists clients
faced with complex risks for which traditional
models are not available.
Bajpai says the prevalence of recent
catastrophic events worldwide makes it even more
important for re/insurers to have deep visibility
into potential catastrophe risk exposures in their
books of business.
“Considering recent hurricane characteristics
and losses, our clients cannot necessarily rely on
singular models. It is often more productive to have
“With global experience in working with clients
on various models and platforms, Xceedance can
be a valuable partner to devise distinct catastrophe
and exposure management strategies for
Xceedance is a global provider of consulting and managed
services, technology and data sciences to insurance
organisations. To learn more, visit www.xceedance.com
“Xceedance studies all
risks globally and we apply
methodologies to identify
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