DXC Technology Ranked Top Life & Annuity Insurance Technology Provider by Everest Group
Rhea-AI Summary
DXC Technology has been ranked as the leading Life & Annuity Insurance Technology Provider by Everest Group in their inaugural annual report. The ranking was based on revenues, geographical scope, client base, and value chain coverage. DXC serves over 1,000 insurance customers globally, processing more than 1 billion policies, with 21 of the world's top 25 insurers relying on their solutions. The company provides end-to-end digital solutions that transform insurance processes, enabling market speed and enhanced customer experience through cloud computing, AI implementation, and system security.
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- Ranked #1 Life & Annuity Insurance Technology Provider by Everest Group
- Serves over 1,000 insurance customers globally
- Processes more than 1 billion policies
- 21 of world's top 25 insurers are DXC clients
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News Market Reaction 1 Alert
On the day this news was published, DXC declined 3.26%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Number one ranking reflects DXC's position as a trusted provider of insurance technology solutions to its clients across the globe
In its inaugural annual report, "Leading 50TM Life & Annuity (L&A) Insurance Technology Providers," Everest Group ranked companies based on revenues, geographical scope of client base, line of business coverage and value chain coverage. The report highlighted DXC's innovation expertise as being a key differentiator. DXC works with global customers as a trusted partner, helping insurers transform and modernize operations.
"DXC Technology has been listed at the top of the Everest Group's inaugural Leading 50™ Life & Annuities (L&A) Insurance Technology Providers 2024 research. This is attributed to their technology offerings' coverage across all major products, value chain functions, and a well-diversified, global client footprint," said Ronak Doshi, Partner at Everest Group. "Their strategic focus on pivotal market themes, such as accelerated underwriting and distribution channel enablement, has further bolstered their value proposition for L&A insurers."
DXC provides life and annuity customers with end-to-end, digital-ready solutions that transform and streamline insurance processes, enabling speed to market and enhance the customer experience. Additionally, DXC enables insurers to scale with cloud, drive innovation with AI and secure critical systems. With a focus on modernization, DXC has solutions that accelerate the transformation journey to digital innovation.
Leveraging the expertise of more than 40 years of innovation, DXC has more than 1,000 customers in the insurance industry and have processed more than 1 billion policies using DXC solutions. 21 of the world's top 25 insurers rely on DXC to deliver solutions that allow them to solve essential business challenges and stay focused on delivering mission-critical work.
"We are honored to be recognized for our global life and annuity market leadership," said Ray August, Managing Director, Insurance Software & BPS. "We are fortunate to work with some of the world's largest insurers and are committed to meeting our customers where they are on their digital transformation journeys. We will continue to drive innovation that transforms the insurance industry."
An excerpt of Everest Group's report is available to view here.
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
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SOURCE DXC Technology Company
FAQ
What ranking did DXC Technology receive in Everest Group's 2024 Life & Annuity Insurance report?
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