HCL Technologies (HCL), a leading international technology company has been categorized as a Leader in Everest Group’s currently released record, Life & Pensions (L&P) Insurance Digital Services PEAK Matrix 2019 – Leapfrogging the Digital Transformation Stage. This document analyzes the converting dynamics of the L&P Digital offerings landscape and assesses service providers throughout several vital dimensions.
HCL acquired the Leader designation based on its properly-different revenue streams, attention on 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 persisted 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 & functionality and the marketplace impact generated through 19 main provider vendors particular to their virtual carrier portfolio for the global Life & Pensions (L&P) Insurance zone. 7 of the 21 companies blanketed on this report witnessed over 20% growth in their L&P Insurance Digital Services enterprise and the general Insurance IT offerings market grew by way of 11-13%.