Capgemini positioned as a Leader on the Everest Group Life & Pensions Insurance Digital Services PEAK Matrix(tm) 2019

Capgemini positioned as a Leader on the inaugural Everest Group Life & Pensions Insurance Digital Services PEAK Matrix(tm)

(PRESS RELEASE) PARIS, 9-Apr-2019 — /EuropaWire/ — Everest Group’s inaugural Life & Pensions (L&P) Digital Services PEAK Matrix^TM sees Capgemini among the leaders. Capgemini’s ability to gain global insights through its consulting heritage along with its robust digital services, and partnerships with core product vendors have been acknowledged in the report.

According to Everest Group’s Practice Director Ronak Doshi things like capabilities across multiple digital technology stacks, wide partnership ecosystem and established credentials to support L&P insurers have been found key for naming Capgemini a Leader in Life & Pensions digital services.

Capgemini’s MD for Insurance Shane Cassidy thinks that making an impact in the L&P sector is all about digital transformation through the right technologies.

Everest Group’s report has analyzed the capabilities of 19 service providers through an objective, data-driven, and comparative assessment based on their absolute market success and delivery capability. The other leaders, aside Capgemini, are as follows: TCS, Cognizant, Accenture, Infosys and HCL Technologies.

The PEAK Matrix by Everest Group is a framework aimed at assessing the relative market success and overall capability of service providers. Everest Group positions service providers on the PEAK Matrix based on evaluation across two key dimensions: market impact measured by the market adoption, portfolio mix, and value delivered, and vision & capability measured by vision and strategy, delivery footprint, innovation and investments, and scope of services offered.

Commenting on the Life & Pensions (L&P) Insurance Digital Services report Ronak Doshi, Practice Director, Everest Group said:

“The L&P insurance sector in the last 12-18 months can be characterized by a massive shift from applying digital levers at the peripheries to reimagining business and operating models by deploying digital technologies such as analytics, API-based integration, cloud, machine learning, and RPA. Although cost containment and efficiency gains are still on the top of their strategic agendas, significant investments are now pouring in to create a frictionless experience for end-customers. Robust capabilities across multiple digital technology stacks, wide partnership ecosystem comprising strategic alliances with domain and technology-centric niche vendors, and established credentials to support L&P insurers with consulting-led problem-solving approach to serve unique client requirements, has helped Capgemini position as a Leader on the inaugural Everest Group L&P Insurance Digital Services PEAK Matrix^TM.”

Shane Cassidy, Managing Director for Insurance at Capgemini:

“Making an impact in L&P is all about digital transformation through the right technologies implemented with vision and innovation. Everest Group’s recognition of our strength in L&P confirms that our collaborative approach with clients and alliance partners is the correct way to digitally transform and bring value.”

The full report called “Life & Pensions (L&P) Insurance Digital Services PEAK MatrixTM 2019 – Leapfrogging the Digital Transformation Stage” can be found over here.

SOURCE: Capgemini