Xceedance, a global leader in insurance-focused consulting, technology, operations support, and data solutions, has acquired Millennium Information Services, a major player in property inspection and data analytics in the US.
The acquisition brings nearly 200 team members and a nationwide network of over 1,300 contractors under Xceedance’s umbrella, significantly boosting its underwriting support and analytics capabilities across the insurance sector.
The acquisition aims to expand Xceedance’s footprint in personal lines and lays a robust foundation for delivering top-tier inspection and data analytics solutions to commercial carriers and MGAs.
Millennium, known for conducting over one million inspections annually across residential, commercial, and farm sectors, collaborates with more than 80 insurance carriers and MGAs. This vast data collection on specific risk hazards and property conditions is set to catalyze innovation on Millennium’s MAPS® software platform, enhancing decision-making, workflow management, and data analytics.
Xceedance CEO Arun Balakrishnan said, “Pairing our deep insurance operational expertise with Millennium’s inspection capabilities and MAPS® platform creates the most powerful, analytics-driven offering in the market. Our combined team in the Americas will now support more than 200 clients. We are excited to share the benefit of more real-time data and analysis to consider property risks with clients.
“But even more, we’re eager to innovate and accelerate the development of tools and services that will drive improved carrier results as underwriters are empowered to make more informed, better decisions.”
Millennium President Scott Dismeier added, “At Millennium, we’re focused on changing both the way property inspections are done and the value garnered by our clients of the data gathered by leveraging technology, as well as developing new ways to use historical and predictive inspection information for better risk management. Joining the Xceedance team takes everything to a new level immediately.
“We’re thrilled to be part of a company that delivers innovation and excellent customer service.”
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