Xceedance wins three 2026 PropertyCasualty360 insurance awards

Xceedance won three honors at the 2026 PropertyCasualty360 Insurance Luminaries Awards in Chicago, including recognition for Colorado FAIR Plan execution, AI-enabled claims innovation and leadership in claims operations. The awards highlight how insurers are using technology and operating-model changes to speed claims, improve access to coverage and scale services.

Why it matters: - The awards point to growing demand for insurance operations that combine AI, human oversight and disciplined execution. - Xceedance’s wins show how carriers and public programs are being pushed to modernize claims and risk-management functions while maintaining compliance and control. - The recognition also underscores the operational strain insurers face in high-risk markets and in claims handling.

What happened: - Xceedance won three awards at the 2026 PropertyCasualty360 Insurance Luminaries Awards, announced June 24 at The Palmer House in Chicago. - The company was recognized in Vendor: Excellence in Risk Management for work with the Colorado FAIR Plan. - Xceedance won Claims TPA: Product or Service Innovation for its AI-enabled Property Virtual Estimating Solution. - Mark Funk, vice president and head of Property & Claims Solutions, received Claims TPA: Claims Leader of the Year.

The details: - The Insurance Luminaries Awards honor organizations and individuals for outcomes, measurable impact, modernization, human-centered practices and ethical standards in property and casualty insurance. - Xceedance helped launch the Colorado FAIR Plan, the first FAIR Plan established in the United States in 40 years. - The plan was created after the Marshall Fire and rising catastrophe exposure increased pressure to preserve insurance access in high-risk areas. - Xceedance designed and implemented a fully operational insurance entity in 16 weeks within a fixed legislative timeline. - The buildout included underwriting, claims management, policy servicing, billing, customer service, inspection workflows and financial coordination. - The operating model was designed to be scalable and regulator-aligned. - The result enabled policy issuance on schedule and restored coverage access for Colorado homeowners. - The AI-enabled Property Virtual Estimating Solution combines AI with human property adjuster oversight. - The tool is designed to improve speed, accuracy and consistency while maintaining compliance and control. - Estimates are completed in under 24 hours. - Xceedance says quality scores exceed 90% and savings reach $500 or more per claim. - The solution is intended to reduce downstream corrections, lower handling costs and improve the policyholder experience. - Marc Rothchild, executive vice president and head of Claims at Xceedance, said the company pairs technology with strong claims talent to keep quality and compliance intact as it scales. - Mark Funk has more than two decades of experience. - Under Funk’s leadership, Xceedance built claims operations around productized services, structured governance and technology-enabled delivery. - The company has introduced virtual estimating, alternative dispute resolution and desk support services under Funk’s leadership. - Xceedance said those offerings are helping turn traditional claims functions into scalable, outcome-driven services.

Between the lines: - The three awards suggest the market is rewarding firms that can show measurable operational results, not just technology claims. - Xceedance’s Colorado FAIR Plan work highlights a broader industry need for fast deployment when catastrophe risk and market gaps leave homeowners exposed. - The claims award signals that AI is gaining traction where it can shorten cycle times, but human oversight remains central to adoption. - Funk’s recognition points to leadership that blends process design, governance and technology rather than relying on a single tool.

What's next: - Xceedance is likely to continue expanding AI-enabled claims workflows and other productized insurance services. - The company’s Colorado FAIR Plan model may serve as a reference point for other states facing access-to-coverage challenges. - As more carriers seek faster claims handling, the mix of automation and expert review is likely to remain a key operating model.

The bottom line: - Xceedance’s three wins show that insurers are rewarding execution, scale and measurable results as much as new technology.