IDC MarketScape Recognizes Virtusa as a Major Player in Worldwide Digital Transformation Services for the Insurance Industry
March 13 2019 - 10:00AM
Business Wire
Virtusa Corporation (NASDAQ GS:VRTU), a global provider of
digital strategy, digital engineering, and IT outsourcing services
that accelerates business outcomes for its clients, today announced
that it has been named a Major Player in the IDC MarketScape:
Worldwide Digital Transformation Service Providers for Insurance
2018-2019 Vendor Assessment (Doc #US43017518, December 2018).
The IDC Financial Insights study uses the IDC MarketScape model
to provide an assessment of major IT service providers servicing
insurance organizations across the globe in their digital
transformation (DX) initiatives. The research is a quantitative and
qualitative assessment of the characteristics that explain a
vendor's ability to enable insurance organizations to succeed in
their DX initiatives.
“We are delighted to be positioned as a major player in Digital
Transformation Services for the Insurance industry,” said Ganesh
Iyer, executive vice president and global head of Insurance,
Virtusa. “The recognition reflects our strong capabilities to
deliver best in class solutions and services for our clients to
help them become digital enterprises of the future. Our continued
investment in emerging technologies such as Blockchain, APIs, IoT
and AI is enabling us to deliver differentiating value to our
clients that have a direct impact on their business agility, market
readiness and profitability.”
Leveraging its extensive experience in the Insurance industry,
Virtusa brings a unique set of capabilities that harness its deep
industry knowledge and strong digital engineering competency to
help insurance companies reimagine their IT environment for today’s
high-speed digital economy. Following are some examples that
illustrate how Virtusa has helped global companies in their digital
transformation journey:
- Enhanced worker safety and productivity
with a complete IoT and digital chassis for a wearable B2B
company
- Transformed the claims system for a
global multi-line insurer by implementing a single claims system
across 22 countries and 12 sub lines of business within Property
and Casualty
For more information on IDC MarketScape report, please visit:
https://www.idc.com/getdoc.jsp?containerId=US43017518
To learn more about Virtusa’s Insurance services, please visit:
https://www.virtusa.com/industry/insurance/
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an
overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor’s position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Virtusa
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of
Digital Business Transformation, Digital Engineering, and
Information Technology (IT) outsourcing services that accelerate
our clients’ journey to their Digital Future. Virtusa serves Global
2000 companies in Banking, Financial Services, Insurance,
Healthcare, Telecommunications, Media, Entertainment, Travel,
Manufacturing, and Technology industries.
Using a combination of digital strategy, digital engineering,
business implementation, and IT platform modernization services,
Virtusa helps clients execute successful end-to-end digital
business transformation initiatives.
Virtusa engages its clients to re-imagine their business models
and develop strategies to defend and grow their business by
introducing innovative products and services, developing
distinctive digital consumer experiences, creating operational
efficiency using digital labor, developing operational and IT
platforms for the future, and rationalizing and modernizing their
existing IT applications infrastructure. As a result, its clients
are simultaneously able to drive business growth through
digital-first customer experiences, while also consolidating and
modernizing their IT application infrastructure to support digital
business transformation.
Holding a proven record of success across industries, Virtusa
readily understands its clients’ business challenges and uses its
domain expertise to deliver innovative applications of technology
to address its clients’ critical business challenges. Examples
include building the world’s largest property & casualty claims
modernization program; one of the largest corporate customer
portals for a premier global bank; an order to cash implementation
for a multinational telecommunications provider; and digital
transformation initiatives for media and banking companies.
Founded in 1996 and headquartered in Massachusetts, Virtusa has
operations in North America, Europe, and Asia.
© 2019 Virtusa Corporation. All rights reserved.
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Amy LegereGreenoughalegere@greenough.biz(617) 275-6517
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