Xceedance, a provider of technology-enabled services and operational solutions to the global insurance industry, has appointed Vikas Wadhera as senior vice president as it seeks to further develop its catastrophe modeling and risk management capabilities.
The appointment is part of Xceedance’s wider strategy to provide catastrophe analytics services to insurers, reinsurers and managing general agents (MGAs) facing increasingly complex risk and exposure challenges.
According to Xceedance, the company has established a strong position in the disaster modeling market, particularly in the UK and US Lloyd’s markets.
Xceedance says it processes more than 120,000 insurance risks daily while providing end-to-end analytical support, backed by a vast team of catastrophe modeling experts and analysts. The company also said its data-driven approach helps reduce unexpected catastrophe pricing differences in client portfolios by seven times.
Wadhera joins Xceedance with over 27 years of experience in disaster modeling, actuarial analysis and risk analysis. During his career, he has overseen the growth of the global analytics business, led client engagement initiatives, and supported business growth through innovation and technology adoption.
Prior to joining Xceedance, Wadhera served as Senior Vice President and Head of Knowledge Services at Guy Carpenter, where he led the global analytics and consulting team supporting the company’s brokerage activities. Prior to that, he held senior leadership roles at RMS (now part of Moody’s Corporation), where he was involved in driving the use of disaster modeling and analysis tools in business and risk management decisions.
Announcing the appointment, Subramanian Sankaran, president and global chief operating officer of Xceedance, said: “Vikas brings deep domain expertise and a proven track record of scaling disaster modeling and analytics businesses globally.
“His leadership will help strengthen our ability to deliver high-quality modeling data, improve client decision-making, and expand the impact of our disaster and risk management services. He will focus on transforming legacy processes into scalable, modern workflows, enhancing user experience, and deploying AI-led intelligent data ingestion and analysis solutions.”
Wadhera added: “I am excited to join Xceedance at a time when insurance companies are rethinking how to manage catastrophe risks and risk data while accelerating digital transformation and leveraging artificial intelligence to enhance underwriting, improve risk assessment and enable faster data-driven decisions, ultimately leading to better outcomes for the business. The combination of Xceedance’s deep insurance expertise, advanced analytics and scalable technology platform provides a strong foundation to deliver more accurate decision-relevant insights.”
“I look forward to working with our team and clients to increase risk transparency, strengthen underwriting results and create measurable impact across global portfolios.”
Xceedance also highlighted Wadhera’s involvement in industry initiatives aimed at advancing the practice of disaster modeling. His experience includes working on resilience-focused projects and working with multilateral organizations, including participation in activities related to the Sendai Framework and the Geneva Association Climate Risk Working Group.
The company further noted that its disaster modeling operations are supported by its proprietary Risk Data Platform (RDP), which is designed to integrate with major disaster modeling systems.
Xceedance said the platform’s API-based architecture enables connectivity to underwriting platforms while supporting data governance requirements. The company reports that implementation of the platform has reduced processing time by 60% to 70%, saved approximately 50% in costs, and saved thousands of operational hours annually.
