Cogitate and Xceedance have partnered to support the launch of the Colorado FAIR Plan, which started issuing policies in spring 2025.
The plan was established to provide property insurance access in areas of Colorado at high risk from wildfires and hail.
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The Colorado FAIR Plan engaged Cogitate to implement its DigitalEdge Insurance Platform, covering policy administration, billing and claims.
The system was configured within 16 weeks, including integrations with external data and service providers including ZestyAI, Verisk and e2Value.
Xceedance led business requirements, testing and implementation, while also establishing operational functions such as underwriting, claims handling, policy servicing and accounting.
The company also coordinated relationships with vendors across actuarial, compliance and data services.
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By GlobalDataThe Colorado FAIR Plan is the first new FAIR Plan to be introduced in the US in more than 30 years.
Cogitate CEO and co-founder Arvind Kaushal stated: “This is an important milestone – not just for the Colorado FAIR Plan but for the broader insurance ecosystem. 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.”
Xceedance Americas president Travis MacMillian said: “Our work with the Colorado FAIR Plan showcases how Xceedance can rapidly incubate and operationalise an insurance business. We developed all the necessary operational capabilities, so the Plan could be ready to serve the market within a compressed time frame. This collaboration is a testament to what is possible with aligned goals, experienced teams and a commitment to execution.”
