PARIS – (BUSINESS WIRE) – January 13, 2020–
Capgemini announced that it has been appointed leader and star performer of Everest Group Assessment of life and pension insurance applications (L&A) and digital services (PEAK Matrix TM1 2020). As a leading company, Capgemini was recognized for its strong value proposition in the entire spectrum of business consulting, its deep industry orientation, its wide range of services, its sensible investments to meet digital priorities, its successful modernization of insurers, its comprehensive portfolio of solutions and its outstanding performance, broad partnership ecosystem. Capgemini received the Star Performer 2 award because of its significant market growth, its targeted investments to expand data-driven digital services and advisory functions, and its ability to leverage DevOps on insurer modernization trips.
“The growth in investment income and fixed-income business compensates for the weak life insurance segment. However, margin pressure remains an ongoing problem. As a result, life and pension insurers (L&A) are faced with the threefold mandate to deliver operational excellence. Flexibility when introducing new products / experiences; and lower costs for managing closed accounts"Said Aaditya Jain, Practice Director of Everest Group." Multiple new customer wins in L & A's insurance line driven by growth in digital services portfolio; sensible investments to expand his domain-related advisory skills; By accelerating the modernization of insurers and using DevOps, Capgemini was able to further expand its market position as a leader and received the Star Performer award for the L&A Insurance Application and Digital Services PEAK Matrix Assessment 2020. "
“Despite the pressure on margins, life and annuity insurers are optimistic to meet changing customer needs by investing in digital technologies to efficiently drive the next wave of growth. Capgemini's strong growth in L&A shows that our mix of technology, partners and innovation is well received in the market. " said Shane Cassidy, director of insurance for Capgemini's financial services. "Given the high cost pressure and the regulatory requirements that must always be taken into account, we believe that L&A insurers want to create a lively and efficient customer experience through the use of personalized analytics."
In this evaluation, 20 application and service-specific service providers for the global L&A insurance sector were analyzed. In addition, the market impact for each service provider was assessed.
The Full Report, Life and Pension Insurance (L&A) Applications and Digital Services PEAK Matrix TM 2020 – Summarized Growth and Efficiency Agendas, is available on the Everest Group website.
Capgemini is a global leader in consulting, technology services and digital transformation and is at the forefront of innovation to take advantage of the full range of customer opportunities in the evolving world of cloud, digital and platforms. Capgemini builds on its strong 50-year heritage and extensive industry expertise, enabling companies to achieve their business ambitions through a range of services from strategy to operations. Capgemini is driven by the belief that the business value of technology comes from and through people. It is a multicultural company with over 200,000 team members in more than 40 countries. The group generated worldwide sales of 13.2 billion euros in 2018.
Visit us at www.capgemini.com, People matter, results count.
1 The PEAK matrix is a framework for assessing the relative market success and the general performance of service providers. Service providers are positioned on the basis of the evaluation in two key dimensions on the PEAK matrix: market impact measured in terms of market acceptance, the portfolio mix and the value achieved as well as vision and ability, measured in terms of vision and strategy, the delivery footprint, innovation and investments and the scope of the services offered.
2 The Everest Group honors those service providers with the Star Performer award that are in the top quarter in terms of vision, skills and market impact compared to the previous year.
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CONTACT: Capgemini press contacts:
Jalen Chapman (North America)
WE Communications for Capgemini
Tel.: +1 (212) 551 4864
Email: firstname.lastname@example.org Bartu Sezer (EMEA)
WE Communications for Capgemini
Tel.: +44 (0) 20 7632 3861
KEYWORD: FRANCE EUROPE
BRANCH KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT TECHNOLOGY INSURANCE SOFTWARE ADVICE
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PUB: 1/13/2020 11:40 AM / DISC: 1/13/2020 11:40 AM