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Genpact Named a Leader and Star Performer in Everest Group's Property and Casualty Insurance PEAK Matrix 2021NEW YORK, Oct. 20, 2021 /PRNewswire/ -- Everest Group, a leading research firm, has named Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, a Leader and Star Performer in the Everest Group PEAK Matrix® for Property and Casualty (P&C) Insurance Business Process Service (BPS) Providers 2021 report. The report cites Genpact's ability to combine design thinking principles and lean approaches with digital technologies, analytics, and domain expertise to run operations across the insurance value chain. Everest Group highlighted the company's technical expertise in cloud enablement, investments into broker-centric solutions, ability to provide robust end-to-end claims management services, and increased upskilling and reskilling of talent through Genome, the company's internal collaborative learning platform, as key strengths. "Genpact has an acute focus on developing itself as a transformation partner for clients across the insurance industry – carriers, and more recently, brokers, reinsurers, and insurtechs," said Somya Bhadola, practice director, Insurance Research, Everest Group. "The company is actively investing in training and targeted capability building, which has helped Genpact continually strengthen its positioning and successfully expand existing relationships. As an experienced BPS player with well-established domain expertise and multi-shore delivery capabilities, Genpact is well positioned to enable operational optimization and transformation for insurance enterprises, especially in their core actuarial, underwriting, and claims functions." The PEAK Matrix is a framework to assess the absolute market impact and overall capability of service providers. The report evaluated 22 companies in such areas as vision and strategy, delivery capabilities, market successes, and limitations. "Agility and innovation are critical for insurers to build market share in rapidly evolving, competitive environments," said Sameer Dewan, global business leader, Insurance at Genpact. "Our ability to transform and run the end-to-end insurance value chain helps our clients create the critical competitive advantage they need at the intersection of data, analytics, and technology." For more information, learn about Genpact's insurance capabilities and read the custom version of the Everest Group report. About Genpact MEDIA CONTACTS: Michael Schneider Danielle D'Angelo Siya Belliappa Anthony Mcdade Judith Schunke Satoko Hashiba
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