Xceedance launches MGA Agility Suite

Industry veteran Michael Parcelli leads initiative to bring new solutions to MGAs/MGUs in the Americas
BusinessWireFebruary 8, 20244 min

Xceedance, a global leader in providing strategic operations support, technology, and data services to the insurance sector, has launched its MGA Agility Suite under the leadership of Michael Parcelli as senior vice president and head of the MGA business. Designed to revolutionize the way program administrators, managing general agents (MGAs), and managing general underwriters (MGUs) operate, the suite provides comprehensive digital solutions to enhance market presence, underwriting processes, and operational efficiencies.

Key features of the MGA Agility Suite include:

  • Platform Integration:¬†Quick market entry and scalability while fostering continuous innovation and minimizing ownership costs.
  • Technology Integration:¬†Digitized and strengthened end-to-end processes, bolstering core operations for sustainable growth.
  • Licensed MGA Shell:¬†A nationally licensed MGA for admitted and non-admitted markets to enable a cost-effective market entry point supported by fully integrated policy and claims management platforms.
  • Data Integration:¬†Transformation of data into actionable insights with high-quality data migration, enrichment, and governance.
  • Operations Services:¬†Comprehensive strategic support across the insurance lifecycle, including underwriting, policy administration, claims management, and more.

Michael Parcelli said, ‚ÄúThe MGA Agility Suite represents a pivotal advancement in how MGAs can leverage technology to enhance operational capabilities and market responsiveness. Our suite is not just a set of tools; it’s a comprehensive ecosystem designed to support MGAs in their quest for efficiency, scalability, and competitive advantage. With decades of experience in the insurance sector, I’ve witnessed the transformative power of technology and am excited to lead the deployment of this innovative solution that addresses the nuanced needs of MGAs and MGUs.‚ÄĚ

Parcelli brings extensive experience to drive the success of the MGA Agility Suite, having held senior roles for nearly 40 years in underwriting, claims, and technology at insurance carriers, brokers, and MGA distribution channels.

Travis MacMillian, president of Americas at Xceedance, said, ‚ÄúUnder Michael Parcelli’s seasoned leadership, this suite is set to redefine industry standards, providing MGAs with an unparalleled platform that integrates cutting-edge technology and data-driven insights. Our focus remains steadfast on enabling our clients to surpass their operational goals while maintaining agility in the dynamic insurance landscape.‚ÄĚ

As a trusted partner, Xceedance offers holistic support in technology adoption, analytics, claims management, and policy administration. The MGA Agility Suite is a testament to the company’s commitment to advancing the insurance industry through innovative solutions and expert leadership.

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