HCL Technologies (HCL), a leading international technology company, has been categorized as a Leader in Everest Group’s recently released record, Life & Pensions (L&P) Insurance Digital Services PEAK Matrix 2019—Leapfrogging the Digital Transformation Stage. This document analyzes the L&P Digital offerings landscape’s converting dynamics and assesses service providers through several vital dimensions.
HCL acquired the Leader designation based on its properly differentiated revenue streams, attention to the ecosystem, growth momentum, and regular investments in growing frameworks and accelerators.
“This breakthrough management ranking reflects a validation of our Mode 1-2-3 strategy, wherein we have institutionalized our Scale Digital Framework, with persistent investments in technology and solutions that meet the needs of an evolving L&P Insurance industry panorama”, stated Rahul Singh, President & Global Head, Financial Services, HCL Technologies. “Our various crew of engineers, UX designers, records scientists, and area professionals are running on a number of the most exciting digital transformation projects within the industry these days, with a focal point on checking out the next day’s solutions, nowadays.”
“The Life and Pensions (L&P) coverage quarter in the remaining 12-18 months can be characterized with the aid of a large shift from applying virtual levers on the peripheries to reimagining enterprise and running fashions via deploying virtual technology together with analytics, API-based integration, cloud, gadget mastering, and RPA.
Although cost containment and performance gains are nonetheless on the pinnacle of their strategic agendas, enormous investments are pouring in to create a frictionless experience for quit-clients,” stated Ronak Doshi, Practice Director, Everest Group. “Significant revenue increase and patron wins unfold across multiple geographies, recent investments into partnerships and acquisitions of merchandise/systems, and consistent consciousness to construct significant accelerators/frameworks have helped HCL Technologies secure a position as a Leader at the inaugural Everest Group L&P Insurance Digital Services PEAK Matrix.”
In its document, the Everest Group studied the vision and functionality and the marketplace impact generated by 19 main provider vendors particular to their virtual carrier portfolio for the global Life & Pensions (L&P) Insurance zone. Seven of the 21 companies covered in this report witnessed over 20% growth in their L&P Insurance Digital Services enterprise, and the general Insurance IT offerings market grew by 11-13%.
