February 05, 2018 – Novarica Market Navigator: IT Services Providers for Insurers report, ranked LTI as one of the top players in Property & Casualty (P/C) and Life & Annuities (L/A) categories. The report analyzed the capabilities of 41 major IT services providers for North American insurers, with a focus on their experience levels in key functional areas.Specifically targeting the insurer CIOs, this report focuses on ongoing application development and maintenance (ADM) services, as well as project-based services.

LTI’s mention in the report is primarily attributed to the organization’s advanced capabilities in the insurance domain. Its growing client base, which includes two of the top five insurers, three of the top ten brokers, and one of the world’s largest re-insurers, is spread across midsize and large P/C and L/A insurers. LTI’s primary differentiators include the organization’s unique parental heritage from the Larsen & Toubro Group, a strong client base, and its digital transformation assets. Together, these factors make LTI a reliable partner for many of its clients globally.

Commenting on the factors leading to LTI’s noteworthy mention in the report, Tom Benton – Vice President, Research & Consulting, and Keith Raymond – Vice President, Research & Consulting; Novarica, said, “The company leverages its Mosaic platform to develop assets that help insurance companies navigate their digital transformation initiatives. LTI also believes that its focus on core systems modernization, enabled by the investment in maturing the Product Competency Center (PCC) model, is a unique differentiator that enables LTI to become the partner of choice for its customers.”

This mention underscores LTI’s potential to become a strong and valued service provider for its insurance clients. With its mature & innovative services, LTI is well on its way toward strengthening its foothold in the insurance domain.