Cloud has been one of the prominent technologies that insurers have embraced in the past. Insurers are increasingly adopting cloud technology to build new business models and transform the insurance value chain. Advanced technologies like AI/ML, blockchain, and data analytics are being integrated, driving cloud spend and monetizing data for revenue. Service providers are enhancing their technical expertise to support insurers in their cloud adoption journey.

In this research, Everest Group has assessed profiles of 35 IT services providers for their cloud services capabilities featured on the Cloud Services in Insurance PEAK Matrix® Assessment 2023 and has rated HCLTech as a Leader.

"HCLTech has demonstrated a strong focus on delivering cost-effective, value-driven cloud transformation engagements," says Aaditya Jain, Vice President, Everest Group.

Robust cloud services offerings portfolio comprising off-the-shelf industry-specific journey maps, co-innovation mindset with Hyperscalers, as well as strong recognition from clients on delivery excellence have helped HCLTech earn the Leader recognition in Everest Group’s inaugural Cloud Services in Insurance PEAK Matrix® Assessment 2023.

Download the report to learn more.