L&T Infotech (LTI) has been positioned as a Major Contender and Star Performer in the Everest Group Peak MatrixTM Insurance AO 2016 evaluation.
With a superior revenue growth in its Insurance IT outsourcing business compared to several other mid-sized providers, LTI has indeed strengthened its presence in the Insurance domain. The company’s willingness to engage through a managed services model, continued investments into product competency centers, and sustained enhancements to its proprietary portfolio helped it enhance its market positioning as a Major Contender in the Insurance AO market place.
Within the Insurance sector, LTI offers specialized services to its clients, delivering tangible, proven solutions. These enable profitable underwriting, claims efficiency & loss prevention, along with new-age distribution and a delightful customer experience.
The company leverages its heavy investments in domain, consulting, innovative solution accelerators and partnerships, to align with its clients’ businesses and their technology priorities.
“The insurance industry is at an inflection point, where technology disruption and new business models are fundamentally reshaping the current landscape,” said Jimit Arora, Partner, Everest Group. “Ongoing enhancements to its offerings portfolio, flexible engagement constructs, and consistent market success in the insurance application outsourcing business helped L&T Infotech enhance its market positioning as a Major Contender and achieve its position as a Star Performer on the 2016 Everest Group Insurance AO PEAK MatrixTM.”
Expressing his thoughts on this important achievement, Anil Vazirani, Chief Business Officer, Insurance, Americas, LTI said,”Sharp focus on client centricity and domain expertise has been the foundation stone for our service delivery. This has driven significant investments in strategic offerings such as Digital, Automation and Core System Modernization in last few years, and we are seeing strong results from this. This has helped us in being recognized as a Star Performer for 2 consecutive years in Everest Group Insurance AO PEAK MatrixTM.”
For more information on LTI’s Insurance capabilities, click here.