Virtusa, a Star Performer in Everest Group’s Life & Annuity Insurance IT Services PEAK Matrix

• High performance in vision and capability validates dedicated IP solutions to facilitate superior customer experience

Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions, announced its designation as a Star Performer, along with the recognition of being a Major Contender, in Everest Group’s Life & Annuity (L&A) Insurance IT Services PEAK Matrix Assessment 2024.

Everest Group’s PEAK Matrix is a trusted and comprehensive evaluation of service providers based on their market impact, vision and capability. The prestigious title of a Star Performer is awarded to providers who demonstrate outstanding performance improvements across various evaluation parameters, positioning them in the top quartile. Virtusa’s placement highlights its strong market positioning, innovative solutions and exceptional delivery capabilities in the life and annuity insurance sector.

Virtusa has made significant strides in the market by enhancing its positioning through collaborative go-to-market strategies and forming strategic alliances with leading industry players and core platforms throughout the insurance value chain. The company’s commitment to innovation is evident in its investment in labs dedicated to life and annuity insurance-specific AI use cases as well as the creation of proprietary data integration and solution technologies on partner platforms. The company’s readiness to engage in inventive commercial constructs, especially in the realm of digital customer communications using modern contact centre technologies, has been particularly noteworthy.
“Virtusa’s focused investments in domain consulting and our Engineering First approach uniquely position us to lead in developing innovative solutions that drive value for life and annuity insurance clients,” said Virtusa Executive Vice President Mallesh Kalary.

“Our extensive partnerships with cloud technology leaders, core insurance platform providers and analytics solution providers have earned us recognition as a Star Performer in Everest Group’s Life & Annuity Insurance IT Services PEAK Matrix Assessment 2024.”

PEAK Matrix assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, products and solutions. Likewise, providers of these offerings look to the PEAK Matrix to gauge and calibrate their contributions against their peers.