NTT DATA Named a Leader and Star Performer in Everest Group's Life and Annuity Insurance IT Services PEAK Matrix® Assessment 2024 Report

August 30, 2024

NTT DATA Group Corporation

TOKYO - August 30, 2024 - NTT DATA, a global digital business and IT services leader, today announced Everest Group has named the company as a Leader and Star Performer in Life & Annuity (L&A) Insurance IT Services PEAK Matrix^® Assessment 2024. The report recognized NTT DATA as one of nine Leaders among the 24 service providers evaluated based on their vision, strategy, capabilities and market presence.

Everest Group awarded NTT DATA high positions in all seven of the report's specific criteria: market adoption, portfolio mix, value delivered, vision and strategy, scope of services offered, innovation and investments, and delivery footprint.

As the global L&A insurance industry evolves rapidly due to technological advances and changing customer expectations, the role of IT service providers is becoming increasingly crucial. They help L&A insurers accelerate digital transformation, enable a data-driven company focus, deliver seamless digital experiences to stakeholders and achieve faster time-to-market.

"We are excited to announce that Everest Group has recognized NTT DATA as a Leader and Star Performer in this report. This recognition confirms that our capabilities are fully prepared to deliver worldwide L&A coverage," said Bruno Abril, Head of Insurance in Europe & Latam at NTT DATA. "With our extensive expertise in the L&A insurance sector and deep understanding of the supporting technology, NTT DATA is uniquely positioned to collaborate with insurers. We are dedicated to helping them overcome technological and strategic challenges, and partnering with them to develop superior products, services and business models. Going forward, we will continue to strengthen our consulting and advisory services, which are key differentiators, and share our insights through thought leadership content."

In the report, Everest Group said NTT DATA's investments in developing internal IP have produced key strengths including the augmentation of its Global Insurance Digital Platform (GIDP). GIDP is a cloud-based platform and partner ecosystem that provides best-in-class consulting, partnerships, Business Process as a Service (BPaaS), third-party administration and technological capabilities to the L&A industry. Its approach standardizes and automates processes in the cloud so clients can accelerate their responses to market needs. GIDP is built to address client challenges such as launching products, delivering excellent customer service and automating business processes. The platform also provides a complete system of engagement.

Everest Group also highlighted NTT DATA's strong differentiation in its offerings, emphasizing its focus on consulting and advisory, operations and IT services. Its capabilities in infrastructure management, data center operations, sustainability-enablement offerings and remote workforce enablement all distinguish NTT DATA from competitors in the market.

"At NTT DATA, we are dedicated to continuously advancing our services and solutions to meet the dynamic needs of our clients, always putting their success at the forefront of our innovation. This consistent recognition by Everest Group energizes our efforts and reaffirms our leadership in delivering superior value in the insurance market," said Proneet Sharma, Head of Insurance in North America at NTT DATA. "This achievement reflects our sustained commitment to excellence and also highlights our upward trajectory in the industry. We are also excited to announce that NTT DATA will be exhibiting at the 2024 LIMRA Annual Conference in September and ITC Vegas in October."

This report is based on Everest Group's annual RFI process for calendar year 2024, which includes interactions with leading insurance IT services providers, client reference checks and a constant analysis of the insurance IT services market.

NTT DATA will continue to provide valuable insights to help insurers address industry challenges. For more information, please visit NTT DATA's Insurance page.