Xceedance has acquired CIS Claim Services, enhancing its specialized claims management offerings and expanding its workforce to better serve the P&C insurance market.

Information on the Target

Xceedance has successfully acquired CIS Claim Services, the claims division of CIS Group, which enhances Xceedance's capabilities in the property and casualty (P&C) insurance sector. This acquisition adds 155 experienced professionals to Xceedance's workforce, increasing their total team to over 550 employees across the Americas and 4,000 globally.

The integration of CIS Claim Services allows Xceedance to offer enhanced services within its specialized claims platform, including access to alternative dispute resolution (ADR), litigated claims management, and an expanded network of field adjusters. These new offerings are designed to complement Xceedance’s existing services such as virtual adjusting and comprehensive claims administration.

Industry Overview

The P&C insurance industry in the United States is undergoing significant transformation, characterized by increasing pressure to improve operational efficiencies and enhance customer experience. Insurers are increasingly ado