Analyst organization Everest Group has named Wipro a Leader in Application and Digital Services in Life and Annuity Insurance – PEAK Matrix Assessment 2023.
Everest Group’s report examined 21 leading IT service providers, ranking only 7 as Leader. Leaders, according to Everest Group, are defined by their holistic consulting and execution expertise, breadth of solutions across the digital technology stack, and capability to act as a strategic partner for L&A clients by driving a business-first approach to transformation.
“Wipro’s focused investments to expand its domain consulting and cloud services portfolio aligns well with Life & Annuity (L&A) insurers’ IT-led business transformation needs,” said Aaditya Jain, Vice President, Everest Group. “A well-diversified client portfolio and wide partnership ecosystem comprising cloud technology leaders, core insurance platform providers, automation and analytics technology/solution providers, and enterprise platform technology leaders have helped Wipro in getting recognized as a Leader on Everest Group’s Application and Digital Services in Life and Annuity (L&A) Insurance PEAK Matrix® Assessment 2022.”
The report pointed to Wipro’s robust partner ecosystem – which includes top hyperscalers, core platform vendors, cognitive technology providers, analytics players and technology players – as a factor that delivers a strong end-to-end value proposition for L&A insurers. The report further pointed to the Wipro FullStride Cloud Services accelerator and the consulting capabilities enabled by Wipro’s acquisition of Capco as key advantages that enable L&A insurance customers on their transformation journeys.
To learn more about Wipro’s portfolio of services and offerings for L&A insurers, download the full report.