NIIT Technologies Recognized as the only ?Star Performer? among
NIIT Technologies Recognized as the only ‘Star Performer’ amongst ‘Major Contenders’ on the 2018 Everest Group PEAK Matrix™ Insurance Application Services
Noida, INDIA, July 27 2018: NIIT Technologies Ltd., a leading global IT solutions organization today announced that it has been named as the only “Star Performer” amongst ‘Major Contenders’ on the 2018 Everest Group’s Insurance Application Services Peak Matrix™. Additionally, the company has also been positioned as ‘Major Contender’ on the inaugural Duck Creek Services in the Everest Group PEAK Matrix™.
Insurance Application Services: Digital Enablement Spend Fuels Market Growth – Services PEAK Matrix™ Assessment 2018 report analyzes the capabilities of 24 leading IT application service providers, specific to the global insurance sector. NIIT Technologies, rated as the star performer shows positive movement across both the key parameters which include – 1) Market impact which is measured through three sub-dimensions - market adoption; portfolio mix and value delivered and 2)Vision & capability which measures ability to deliver services successfully captured through four sub-dimensions - Vision and strategy; Scope of services offered; Innovation and investments and Delivery footprint.
Duck Creek Services: Modernization Strategies to Prevent Core Commoditization – PEAK Matrix™ Assessment 2018 analyzes the capabilities of 9 leading providers delivering services on Duck Creek for the insurance sector in the property & casualty segment. NIIT Technologies is rated high on delivering exceptional market impact and amongst top three players in the industry delivering Duck Creek Services.
Ronak Doshi, Practice Director, Everest Group stated, “Significant growth in its insurance IT application services outsourcing business, credible core insurance platform expertise across all major Lines of Businesses (LoBs), strong client feedback around flexibility and relationship management has helped NIIT Technologies strengthen its market positioning on this year’s Insurance Application Services PEAK MatrixTM. Strong market success in the Duck Creek services business, aided by multiple new client wins; a strong breadth of tools and accelerators across the project lifecycle; and focused investments to scale the number of Duck Creek specialists has also helped NIIT Technologies position itself as a Major Contender on the inaugural Duck Creek Services Peak MatrixTM.”
Anurag Chauhan, EVP and Global Practice Head, Insurance, “We are delighted on receiving these recognitions. This is a clear endorsement of how we are contextualizing new age technologies and solutions for insurers with our deep domain expertise in the insurance sector and hyper specialization in Duck Creek services to deliver real business impact”
NIIT Technologies helps insurers modernize legacy systems, leverage digital legacy integration services, reengineer business processes to enhance business agility, improve operational efficiency, reduce costs, and improve margins across Life and Annuities; Property and Casualty and Reinsurance and Large Commercial sub-segments. The Company is also a certified Delivery Partner of the Global Alliance Program of Duck Creek Technologies.