This strategic move enhances Xceedance’s presence in personal lines and strengthens its underwriting and analytics offerings.
The acquisition adds nearly 200 employees to Xceedance, along with a network of over 1,300 inspectors. Millennium conducts over 1 million property inspections annually for more than 80 carriers and managing general agents (MGAs). With access to Millennium’s extensive property risk data, Xceedance will further develop its MAPS® software platform, driving innovation in property inspection and analytics services for insurers and MGAs.
The acquisition positions Xceedance as a leading provider of comprehensive property risk insights, offering insurers the ability to make data-driven underwriting decisions and improve operational outcomes.
Arun Balakrishnan, CEO of Xceedance stated “Pairing our deep insurance operational expertise with Millennium’s inspection capabilities and MAPS® platform creates the most powerful, analytics-driven offering in the market.”
He added “Our combined team in the Americas will now support more than 200 clients, delivering more real-time data and analysis to assess property risks. We’re eager to innovate and develop tools that empower underwriters to make better, more informed decisions, ultimately improving carrier results.”
