Virtusa Corporation, a leading provider of digital strategy and IT services, has been recognized as a Star Performer and a Major Contender in the 2024 Life & Annuity (L&A) Insurance IT Services PEAK Matrix Assessment by Everest Group.
The PEAK Matrix, a trusted industry evaluation tool, assesses service providers based on market impact, vision, and capabilities. The Star Performer title is awarded to companies showing exceptional performance, placing Virtusa among the top players in the life and annuity insurance sector.
Virtusa’s success stems from its innovative solutions, strategic partnerships, and commitment to enhancing its market position. The company has developed proprietary technologies for AI-driven life and annuity insurance use cases and continues to invest in digital transformation for insurance clients, notably through modern contact centre technologies.
Commenting on the achievement, Virtusa’s Executive Vice President, Mallesh Kalary, emphasized their focus on domain consulting and innovation as key factors driving their leadership in the insurance IT services industry. Virtusa’s strategic collaborations with cloud and analytics solution providers further solidify its status as a major player in the life and annuity insurance space.