In its 2024 evaluation of insurance software
and business process services providers, NelsonHall names DXC a
leader in five of five distinct categories
ASHBURN, Va., March 25, 2024 /PRNewswire/ - DXC Technology
(NYSE: DXC), a leading Fortune 500 global technology services
provider, today announced it has been recognized as a leader in
five categories in NelsonHall's Property and Casualty (P&C)
Operational Transformation NEAT report.
According to the NelsonHall report, "Leaders are vendors that
exhibit both a high capability relative to their peers to deliver
immediate benefit and a high capability relative to their peers to
meet future client requirements."
Insurance companies rely on DXC's application migration,
conversion and business process services to accelerate growth,
while reducing complexity and costs. These comprehensive services
tap deep industry and conversion expertise and help insurers launch
new products, diversify product lines, and create efficiencies.
DXC's capabilities were positioned as a Leader in categories
for:
- Overall Performance
- Claims Administration
- Customer Administration
- New Product Set-up
- Underwriting
"DXC Technology was identified as an overall leader in P&C
operational transformation due to its comprehensive range of
offerings, forward-thinking transformation strategies and flexible
approach," said Bilal Chaudhry,
Principal Analyst, NelsonHall. "DXC develops customer-centric
solutions, modernizing core IT platforms and responding to future
change via their customer innovation community."
The report assessed the performance of eight vendors on their
ability to both deliver immediate benefit and meet insurance
customers' future requirements in comparison to their peers, and
categorized them as a Leader, High Achiever, Innovator or
Major Player. DXC's strengths
specifically included:
- The ability to develop and offer software and software
platforms that can deliver business process services alongside the
applications
- A software suite to cover all areas of the P&C lifecycle
(e.g., policy, claims, broking)
- Ongoing review of third-party capability to identify the latest
and most advanced technology capabilities to fill any gaps in its
offerings
- DXC's robust innovation community used to enhance core
functionality by incorporating new capabilities based on customer
feedback and to promptly address any issues
- Presence in the London market
and ongoing work with Blueprint Two, an ambitious strategy to
deliver profound change in the Lloyd's market through
digitalization.
"As a leader in all five of NelsonHall's categories for P&C
insurance operational transformation, we are honored to deliver
software and services for a large and growing global insurance
customer base," said Ray August,
General Manager, Insurance Software & BPS, DXC Technology. "We
meet customers wherever they are on their transformation journeys
to protect, extend and transform their core insurance technology,
helping them achieve their growth ambitions."
A summary analysis of DXC's abilities based on the NelsonHall
vendor evaluation is available here.
More information on DXC's software and business process services
for the P&C industry is available here.
About NelsonHall
NelsonHall is the leading global analyst firm dedicated to
helping organizations understand the "art of the possible" in
digital operations transformation. With analysts in the U.S., U.K.,
Europe, and India, NelsonHall provides buy-side
organizations with detailed, critical information on markets and
vendors (including NEAT assessments) that helps them make fast and
highly informed sourcing decisions. And for service providers,
NelsonHall provides deep knowledge of market dynamics and user
requirements to help them hone their go-to-market strategies.
NelsonHall's insight is based on rigorous, primary research, and is
widely respected for the quality and depth of its analysis.
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 the results described
in such statements 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,
2023, and any updating information in subsequent SEC
filings. No assurance can be given that any goal or plan set forth
in any forward-looking statement can or will be achieved, and
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 report 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