S. Steven Salar has been named president and head of insurance operations by Exdion Solutions, a Plano-based Insurtech and leading developer of commercial insurance policy management and data analytics software.
“I’m excited that Steven has joined our exceptional management team in our insurance operations. We are experiencing significant growth, and he is the right person to lead our team,” L.S. Ram, founder and CEO of Exdion, said in a statement.
Salar will manage Exdion’s North American business, bringing with him 30 years of experience in commercial and personal lines in property and casualty insurance.
“I’m looking forward to working with the Exdion team and the new product offerings planned for the coming year,” Salar said in a statement.
Exdion said it markets its policy management and data analytics software to the largest insurance brokerage firms.
Salar’s insurance experience includes roles at QBE North America and the AIG companies.
He also owned the Steven Salar Agency LLC, and he has worked with personal lines carriers State Farm, Farmers Insurance, and the Countrywide Insurance Group. He has experience as a producer, compliance manager, operations executive, technology consultant, and a risk manager.
In 2021, Exdion Solutions introduced Exdion Policy Check which it said substantially reduces manual policy checking time and significantly increases accuracy and cost reductions, improving employee productivity.
Exdion Policy Check has received three major industry innovation awards, the company said. It services some of the most successful global insurance businesses, including three of the five largest brokerage firms.
Exdion launched a new version of Quote Compare earlier this year which automates the data collection and analysis of carrier quotes for its brokerage clients. Its data analytics software facilitates the quick evaluation of 57 critical multi-carrier quotation data points using its Exdion Extract proprietary software. Exdion also provides consulting services that assist brokerage firms to automate and customize policy management processes.
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