Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector.
The collaboration aims to support insurers in modernising their operations by combining cutting-edge artificial intelligence with Xceedance’s in-depth expertise in implementation and delivery.
The alliance is focused on speeding up the integration of AI technologies across the insurance value chain, especially for large enterprises where efficiency, accuracy, and scalability are essential.
FurtherAI’s AI Assistants streamline processes like policy submissions, reviews, and audits, while Xceedance ensures these solutions are integrated and scaled within insurers’ existing systems and workflows.
FurtherAI’s AI Assistants have already led to significant improvements. For example, a major MGA was able to double underwriter productivity, a risk exchange reduced its policy review time by 20% while expanding its audit coverage, and a regional insurer increased policy comparison speed by 95%, improving both efficiency and accuracy.
Xceedance will take on the role of scaling and operationalising these results for its client base, ensuring smooth integration with existing systems and processes. As part of the partnership, Xceedance has also made a strategic investment in FurtherAI.
“Great technology is only part of the equation,” said Aman Gour, CEO and Co-founder of FurtherAI. “What truly moves the needle is adoption at scale. That’s why this partnership with Xceedance is very powerful. We’re a fast-moving startup, and they bring the scale and expertise that large insurers trust. It’s a classic case of standing on the shoulders of giants—together, we’re making AI real for the industry.”
“Smart use of AI has the potential to significantly reduce insurance carrier and MGA expense ratios. We’ve spent a lot of time working with our clients to identify gaps and opportunities and understand where AI can be applied quickly for great results,” added Arun Balakrishnan, CEO, Xceedance.
“FurtherAI, with its ability to deliver effective and efficient AI Assistants for insurance workflows, fits our needs perfectly. We’re excited to partner with them on the next phase of their growth.”
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