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Wipro Named a Leader in Insurance Business Model Innovation Enablement Services PEAK Matrix® Assessment 2021

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In this assessment, Everest Group assessed the vision & capability and market impact of 16 leading IT service providers to enable business model innovation for insurance enterprises.

Some key findings of the report

  • Insurance business model innovation enablement services market shows massive growth potential with carriers shifting focus from insuring losses to ensuring protection
  • Insurance business model innovation enablement services grew by 35−37% in 2019, and the North American market holds the lion’s share of the business revenue 
  • Digital transformation programs revolving around enablement of coverage, services, pricing, and channel innovation for insurance are the key drivers of demand

Key Strengths called out for Wipro

  • Depth and breadth of solution portfolio to drive business model innovation for carriers has helped Wipro enhance its global market standing in this space 
  • Wipro demonstrated success proof points on enabling coverage and channel innovation for insurance carriers

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