Coforge has been positioned as a Leader in the Insurance Business Model Innovation Enablement Services PEAK Matrix® Assessment 2021. In the report, Everest Group studied the vision, capability, and market impact of 16 leading IT service providers with respect to their business model innovation enablement services portfolio in the insurance sector.
“The rise of the sharing economy, rapidly evolving customer demands, the changing nature of risks, and extreme COVID-19-caused shifts have prompted carriers to institute new business models. Insurers are re-envisioning their products, services, pricing, and channel strategies to become more resilient to disruptions and are exploring ways to drive competitive advantage,” according to Aaditya Jain, Practice Director, Everest Group. “An insurance advisory-led approach, along with industry-specific platforms and solutions that help insurers execute business model innovation programs; credible proof points in enabling coverage, pricing, channels, and services innovation; and client appreciation for its techno-functional resources and strong account management capabilities have earned Coforge a Leader recognition on Everest Group’s inaugural Insurance Business Model Innovation Enablement Services PEAK Matrix® Assessment 2021.”