Application and Digital Services (ADS) in Property & Casualty (P&C) Insurance PEAK Matrix® Assessment 2023
PEAK Matrix® Report

17 Nov 2022
by Ronak Doshi, Aaditya Jain, Chinmay Pathak, Radhika Peramallu, Rugved Sawant, Vigitesh Tewary, Vanshika Notani

In the last few years, the Property and Casualty (P&C) insurance industry has experienced numerous challenges due to the pandemic, regional geopolitical conflicts, and strained macroeconomic conditions. Today, to stay ahead of the competition and maintain business resilience and profitability, insurance carriers are partnering with providers to modernize their existing technology landscape and support evolving talent needs. Recognizing this opportunity, providers are investing in talent skilling initiatives, efficient business solutions, improved delivery capabilities in geopolitically stable regions, and digital transformation strategies to address carriers’ evolving business needs.

In this report, we assess the capabilities of 21 Application and Digital Services (ADS) providers and feature them on Everest Group’s ADS in P&C Insurance PEAK Matrix®. The study will enable buyers to choose the best-fit provider based on their sourcing considerations, while providers will be able to benchmark their performance against each other.

Scope

Industry: Insurance Information Technology

Geography: global

Contents

In this report, we share:

  • Assess 21 ADS providers in the P&C insurance market on Everest Group’s Products PEAK Matrix® evaluation framework

  • List the characteristics of Leaders, Major Contenders, and Aspirants in the P&C insurance ADS market

  • Examine the ADS providers’ offerings, along with their vision, product capabilities, adoption characteristics across geographies, case studies, partnerships, and investments 

Membership(s)

Insurance Information Technology

Sourcing and Vendor Management

 

Page Count: 55