IN THE NEWS | February 14, 2023
HTC Global Services is named a contender in the U.S. Insurance Information Technology Outsourcing (ITO) services quadrant of the ISG® Provider Lens™ Report. This quadrant evaluates ITO service providers in terms of their ability to support business as usual for insurance organizations, their digital change journey, and their adoption of business transformation services. Providers that enable these services involve traditional, modern, and emerging technologies, including insurance-specific exponential technologies, for better business designs and transformational outcomes. It is to be noted that this is the first assessment carried out by ISG® for insurance ITO providers in the U.S. From the 30 companies assessed for this study, 28 have qualified for this quadrant.
Our two decades of experience in the U.S. insurance ITO market and our ability to offer a complete range of IT services, including a modern core insurance system and proprietary insurance solutions implementation (CoTS); application development and maintenance; and cloud, infrastructure, and data services, along with Customer Communications Management ITO services, have paved the way for this recognition. Further, our mature IT partnerships with P&C platform vendors such as Guidewire and Duck Creek, our massive investment in and focus on building accelerators, and our business partner approach, along with others, are cited as our strengths.
The report also mentions how insurers benefit from partnering with HTC through reductions in the total cost of operations and year-on-year cost savings, flexible and creative engagement models meeting insurance clients’ requirements, prompt response to complex analytical queries, and cost-effective and streamlined practices across business functions.
The future roadmap highlights how HTC Global Services continues to invest significantly in proprietary solutions, digital accelerators, product partnerships, and talent development to drive customer relevance and value. And, at the same time, how the company is expanding its cloud, data, and digital offerings to serve more clients in the insurance industry.
About The Report
The ISG® Provider Lens™ is a research report comparing the strengths, challenges, and competitive differentiators of insurance service providers in the U.S. market.
