Cogitate and Xceedance Partner to Help Colorado FAIR Plan Launch New Residual Market Insurer in 16 Weeks
Collaboration delivers rapid digital platform deployment and full-service operations to make insurance accessible for high-risk properties
ATLANTA, GA | June 11, 2025 – Cogitate, a leading provider of digital insurance platforms, and Xceedance, a global provider of consulting, technology, and operations solutions to insurance organizations, successfully partnered on the rapid launch of the Colorado FAIR Plan. Created to ensure access to property insurance for homeowners and businesses in wildfire- and hail-prone areas across Colorado, the FAIR Plan began issuing policies in spring 2025 after a highly coordinated effort among the FAIR Plan’s leadership team, Cogitate, Xceedance, and an array of ecosystem partners.
The Colorado FAIR Plan turned to Cogitate and Xceedance to build out all required systems and services based on statutory requirements from the ground up. Cogitate deployed its DigitalEdge Insurance Platform, providing integrated modules for policy administration, billing, and claims. The configuration was completed in just 16 weeks, a timeline made possible through Cogitate’s rapid deployment capabilities, pre-integrations with key third-party data partners, and close collaboration with Xceedance, which led business requirements, conducted user acceptance testing, and oversaw end-to-end implementation.
The Cogitate platform integrates real-time data and services from partners, including ZestyAI, e2Value, Verisk, ePayPolicy, Tranzpay, OFAC, and InsVista, enabling streamlined risk evaluation and faster submissions. Agents and internal users benefit from a user-friendly experience that improves speed, efficiency, and policyholder satisfaction. Commercial coverage will be added to the platform soon.
In collaboration with the implementation of Cogitate’s DigitalEdge Insurance Platform, Xceedance stood up operations needed to run the Plan, including property inspections, customer service, underwriting, claims management, policy service, print and distribution, and premium accounting. The Xceedance team also played a central role in orchestrating multiple vendor relationships across actuarial, data, and compliance domains, ensuring a smooth path to launch. The result is a fully operational insurance entity that can scale its capacity up or down based on market needs, with built-in cost efficiencies and digital-first service capabilities.
“Thanks to our partnership with Cogitate and Xceedance, we stand ready to serve as the market of last resort for the people of Colorado,” said Kelly Campbell, Executive Director of the Colorado FAIR Plan. “The teams did amazing work to deliver an end-to-end digital insurance management platform to underwrite, issue, and service policies and manage claims. We now have the tools to meet the unique needs of Colorado’s high-risk areas.”
“This is an important milestone—not just for the Colorado FAIR Plan, but for the broader insurance ecosystem,” said Arvind Kaushal, CEO and Co-Founder of Cogitate. “Residual market entities are increasingly critical in bridging protection gaps. We are proud to bring our proven platform to the Colorado FAIR Plan and deliver an intuitive, scalable solution for agents and policyholders alike.”
“Our work with the Colorado FAIR Plan showcases how Xceedance can rapidly incubate and operationalize an insurance business,” said Travis MacMillian, President of the Americas at Xceedance. “We developed all the necessary operational capabilities, so the Plan could be ready to serve the market within a compressed timeframe. This collaboration is a testament to what’s possible with aligned goals, experienced teams, and a commitment to execution.”
This engagement demonstrates the effectiveness of centralized delivery for new insurance entities operating under regulatory timelines. Xceedance continues to provide flexible, scalable support as policy volumes grow and market needs evolve.
The Colorado FAIR Plan is the first new FAIR Plan launched in the United States in over thirty years. Its successful and timely implementation underscores the power of collaborative execution and modern technology in expanding access to essential insurance coverage.
About the Colorado FAIR Plan
The Colorado FAIR Plan was established to provide essential property insurance coverage to homeowners and businesses who may have difficulty obtaining policies in the standard market. As a last-resort insurance provider, we are committed to ensuring that all Colorado residents have access to fair and reliable coverage, especially in high-risk areas. By offering Dwelling & Fire, the Colorado FAIR Plan is bridging the insurance gap and delivering peace of mind to those in need. Learn more at www.coloradofairplan.com.
About Xceedance
Xceedance delivers insurance-focused consulting, technology, operations support, and data solutions to many of the world’s largest P&C insurance organizations. With 4,000+ team members across the Americas, EMEA, and APAC, our rightshoring delivery model blends deep insurance domain knowledge with AI and next-generation technologies to provide localized services and digital-first platforms. We empower 250+ diverse clients, including commercial, personal, and specialty lines re/insurers, mutuals, program administrators, brokers and agents, and Lloyd’s of London entities, to navigate market challenges and propel business growth. For more information, visit www.xceedance.com.
About Cogitate
The Cogitate DigitalEdge Insurance Platform digitalizes insurance across the value chain, offering insurance carriers, MGAs, and program administrators a smooth transition to cloud-native, data-driven core underwriting, policy, billing, and claim applications. The unified insurance platform unlocks the value of first-party data and advances the power of third-party data for profitable growth, superior risk selection, and a streamlined, modern user experience. Backed by more than 100 combined years of comprehensive experience and domain knowledge, our products are uniquely designed to meet the needs of insurance businesses of every size. Find out why Cogitate maintains 100% client retention at www.cogitate.com.
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