TUESDAY
17.10.17
Interview: Monalisa Samal
and Puneet Bajpai, Xceedance
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 multiple perspectives.
“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 re/insurers.” n
Xceedance is a global provider of consulting and
managed services, technology and data sciences to
insurance organisations. To learn more, visit
www.xceedance.com
Expert support for catastrophe
and exposure management
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 PCI Today.
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 their exposure.
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
Monalisa Samal and Puneet Bajpai
“Xceedance studies all
risks globally and we apply
client-specific aggregation
methodologies to identify
exposure concentrations.”
proficient risk assessment tools for individual
client portfolios.”
This assistance helps clients better manage
potential build-ups of catastrophe risk exposure.
“We can analyse areas in which clients might be
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.
8 | PCI TODAY | DAY 3: Tuesday October 17 2017 www.intelligentinsurer.com | www.bermudareinsurancemagazine.com