Welcome!

News Feed Item

Mindtree Deepens Its Strength in Delivering Insurance Solutions; Named as “Major Contender” in Everest Group’s PEAK Matrix™ for Insurance Application Outsourcing

Mindtree, a global technology solutions company, is named as a “Major Contender” in Everest Group’s report IT Outsourcing in Insurance – Service Provider Landscape with PEAK Matrix™ Assessment 2013. The report is part of Everest Group’s “BFSI IT Outsourcing” research.

The 2013 PEAK Matrix for Insurance AO is based on more than 400 large multi-year insurance AO contracts signed by 25+ global service providers. The PEAK Matrix is a framework to assess the relative market success and capability of service providers. Service providers are positioned based on two dimensions:

  • Market success measured by the number, scale, and growth of large insurance AO contracts
  • Delivery capability measured by scale of operations, scope, domain investment, delivery footprint, and buyer satisfaction for the specific services covered

“The insurance industry is in the midst of an unprecedented technology-led transformation. Mindtree’s investments in big data, digital and BPM combined with the ability to deliver globally is putting our clients at the forefront of this wave,” said Gaurav Johri, Senior Vice President, BFSI, Mindtree. “Our solutions are helping insurers grow their businesses by managing the underwriting risk more effectively and leveraging digital distribution channels to the fullest,” he added.

"Our research shows that select Major Contenders are augmenting their insurance AO delivery capabilities at a fast pace and witnessing congruent market success,” stated Jimit Arora, Vice President, IT Services Research, Everest Group. “Mindtree demonstrated strong growth in its insurance AO practice through contract extensions/renewals of existing deals, indicating successful relationships with existing clients. Mindtree's continued investments in frameworks and solutions also contributed to its success in the insurance AO marketplace”

Mindtree focuses on engineering solutions for property and casualty, life and health, specialty and reinsurance segments and helps align business with technology. Key next generation solutions include:

  • Underwriting solutions for property and casualty industry
    • Global Underwriting Automated Risk Defender (GUARD) - Real-time exposure measurement for the insurers to optimize the underwriting process
  • Digital solutions and services covering Digital strategy, channels and distribution optimization services and solution
    • InCollab - End to end collaboration platform for insurers, a common gateway for information broadcasting, sharing, focused group interaction with any team
    • IN-Social - assists insurers to understand the reciprocating customer voices from the social networks
    • Intuitive Churn Management (ICM) - helps enterprises improve customer retention, profitability and significantly reduce customer churn rate

About Mindtree
Helping 100 million passengers fly safe. Improving security and performance for one of the world’s largest online stores. Unifying brand messaging and improving engagement for 1 billion consumers. For Mindtree, these are everyday occurrences. That’s why our motto is, “Welcome to possible.” For us, this is more than a slogan - it reflects who we are and how we approach every project.

We accelerate growth for Global 1000 companies by solving complex business challenges with breakthrough technical innovations. As one of the fastest growing technology consulting firms, we specialize in e-commerce, mobility, digital transformation, business intelligence, data analytics, testing, infrastructure, EAI and ERP solutions.

Contact us to see what’s possible.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@ThingsExpo has been named the Most Influential ‘Smart Cities - IIoT' Account and @BigDataExpo has been named fourteenth by Right Relevance (RR), which provides curated information and intelligence on approximately 50,000 topics. In addition, Right Relevance provides an Insights offering that combines the above Topics and Influencers information with real time conversations to provide actionable intelligence with visualizations to enable decision making. The Insights service is applicable to eve...