ANNUITIES

Everest Group Names Accenture a Leader for Application and Digital Services in Life & Annuities Insurance

Accenture | January 06, 2021

Accenture has been named a Leader and Star Performer for application and digital services in the global life and annuities (L&A) insurance sector in another report from industry analyst firm Everest Group.

Everest Group analyzed the vision, capability and market impact of 21 leading IT application and digital service providers for the L&A Insurance Application and Digital Services PEAK Matrix® 2021 report.

Accenture is positioned as a Leader and Star Performer for Market Impact, which assesses service providers against criteria, for example, market adoption, portfolio blend and value to clients; and for Vision and Capability, which includes measures, for example, strategy, service scope, innovation and investments, and delivery.

“We’re thrilled to be recognized for our leading capabilities in helping insurers embrace change and compete with the latest technologies and digital experiences,” said Steve Murphy, a senior managing director at Accenture and global technology lead for its Insurance industry group. “The pandemic has only accelerated the need for convenient and personalized digital services from life and annuity providers. We’re continuing to help insurers modernize their legacy technology systems with cloud-centric business models and reimagine the customer experience with analytics.”

Service providers are positioned on Everest Group's PEAK Matrix®, which measures their vision, capability and market impact. The report and PEAK Matrix assessment furnish organizations with a framework to measure the relative market impact and capabilities of service providers around the world.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 514,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.

Spotlight

Blockchain has huge process-efficiency and cost-savings potential that spans the entire insurance value chain, including information gathering, underwriting, rating/pricing, billing, claims and regulation. In addition to improving these existing insurance operations, blockchain technology is inspiring industry innovations such as decentralized autonomous organizations, event-based insurance, index-based insurance, and peer-to-peer insurance. This whitepaper explores the insurance business processes and operations that blockchain applications may impact, now and in the future.

Spotlight

Blockchain has huge process-efficiency and cost-savings potential that spans the entire insurance value chain, including information gathering, underwriting, rating/pricing, billing, claims and regulation. In addition to improving these existing insurance operations, blockchain technology is inspiring industry innovations such as decentralized autonomous organizations, event-based insurance, index-based insurance, and peer-to-peer insurance. This whitepaper explores the insurance business processes and operations that blockchain applications may impact, now and in the future.

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