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Hexaware recognized as a Major Contender on Everest Group's Property and Casualty Insurance PEAK Matrix for Guidewire Services

Posted On: 2018-10-10 17:38:02

Hexaware Technologies Ltd, the fastest growing automation-led, next generation provider of IT, BPO and consulting services, today announced that it has been recognized as a 'Major Contender' on Everest Group's Guidewire Services PEAK Matrix™ Assessment 2018.

Everest Group evaluated Guidewire services capabilities of 15 service providers and positioned them as Leaders, Major Contenders, and Aspirants in their PEAK Matrix report for Guidewire Services. The report highlights Hexaware's value proposition around digital transformation enablement for insurers, by developing APIs for Guidewire's core insurance product suite (Guidewire Insurance Suite™). Hexaware's investments like Integrated Design to Execution framework (iD2E), data migration tool - iConvert+, API connect platform and dedicated R&D lab for Guidewire services have helped to drive growth in Hexaware's Guidewire services business.

Speaking on this recognition, Milan Bhatt, Senior VP & Global Head - Healthcare and Insurance Vertical, Hexaware technologies said, "We are delighted to be recognized as a 'Major Contender' for Guidewire services by Everest Group. Hexaware is committed to helping P&C insurers maximize value from their investments in Guidewire. We are building API first capabilities and tools around Guidewire InsuranceSuite and investing in Guidewire digital and analytics offerings to enable P&C insurers to successfully execute a digital attacker strategy.

"As Guidewire has gradually become the preferred core platform for insurers looking to lay a groundwork for their digital transformation initiatives, service providers are investing in building add-on solutions on top of the Guidewire platform to meet insurer's time-to-market and cost priorities," said Ronak Doshi, Practice Director, Everest Group. "Extending the capabilities of Guidewire products by building APIs and digital solutions as extensions to the platform's core, extensive breadth of accelerators, and investments in certified resources has helped position Hexaware as a Major Contender on the 2018 Everest Group Guidewire Services PEAK Matrix&trade."

Hexaware is the fastest organically growing IT services company, that has been maintaining consistent profitability and industry-leading shareholder returns. The company has been powering man-machine collaboration using a combination of human creativity & intellect, power of data, powerful algorithms, computing and it's three-pronged growth strategy - Automate Everything, Cloudify Everything and Transform Customer Experiences'. Hexaware has worked on multiple Guidewire implementations, leveraging its deep industry expertise, system integration capabilities, while helping clients stay ahead in their digital transformation. The company's Guidewire practice is structured on key pillars such as tool driven automation approach, 150+ Guidewire professionals with 80+ certifications and 50+ -industry certified Insurance SMEs, and proven expertise in Guidewire products.

Shares of HEXAWARE TECHNOLOGIES LTD. was last trading in BSE at Rs.404.05 as compared to the previous close of Rs. 391.05. The total number of shares traded during the day was 93870 in over 3414 trades.

The stock hit an intraday high of Rs. 406 and intraday low of 383.9. The net turnover during the day was Rs. 37549770.

Source: Equity Bulls

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