Xceedance Recognized as a Major Contender in Everest Group’s P&C Insurance Business Process Services and Duck Creek Services PEAK Matrix® Assessments 2022
Worcester, MA, USA, May 3, 2022 — Xceedance, a leading provider of insurance-focused strategic operations support, technology, and data services, was recently categorized as a ‘Major Contender’ by the Everest Group in two PEAK Matrix® assessment reports – Property & Casualty (P&C) Insurance Business Process Service (BPS) and Duck Creek Services. Everest Group is a globally recognized research firm focused on strategic IT, business services, engineering services, and sourcing.
The P&C Insurance BPS report assesses 24 P&C insurance providers, calibrating their ability to deliver services successfully and the impact created in their target market. Everest profiles providers across service focus, key intellectual property, solutions, domain investments, and case studies. Everest Group’s process includes researching client references, interactions with leading P&C BPS providers, and continual analysis of the P&C insurance BPS market.
“We are delighted and honored to be categorized as a Major Contender within the P&C Insurance BPS marketplace,” said Travis MacMillian, chief business officer at Xceedance. “Rapidly evolving market conditions and a growing need for technological transformation means organizations must be operationally agile and attuned to policyholder needs. Xceedance continues to help insurance organizations achieve their strategic goals and serve their customers through a strong focus on differentiation, automation, revenue generation, and service improvement across the insurance lifecycle,” he added.
The Duck Creek Services report examines 13 leading providers based on the PEAK Matrix® assessment framework. The report delineates significant contenders, leaders, and aspirants within the Duck Creek Services market, detailing the key strengths and weaknesses of the system integrators. The report classifies Xceedance as a ‘Major Contender’ in vision, capability, and market impact.
“A credible history of Duck Creek Services implementation, constructive investments in a suite of tools, accelerators and certified resources to facilitate version upgrades, cloud migration and automated testing has helped us achieve the Major Contender classification in the Duck Creek PEAK Matrix® assessment 2022,” said Prateek Vijayvergia, the head of technology services at Xceedance. “Additionally, client testimonies about our robust configuration and product implementation expertise and a continued focus on risk mitigation and end-to-end digital transformation have helped us achieve this recognition.”
For more information about these Everest Group 2022 reports, please visit the links below:
Xceedance provides strategic operations support, technology, and data services to drive efficiencies for insurance organizations worldwide. The company helps insurers launch products, implement intelligent technology, deploy advanced analytics, and achieve business process optimization. For more information, visit www.xceedance.com.