Vendor Analysis
published on Nov 22, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Cognizant's offerings and capabilities in Property and Casualty Operations Transformation
Who is this Report for:
NelsonHall’s P&C Operations Transformation profile on Cognizant is a comprehensive assessment of Cognizant‘s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Cognizant and identifying vendor suitability for P&C Operations Transformation RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the P&C Operations Transformation sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Cognizant‘s P&C Operations Transformation offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Cognizant‘s offerings and capabilities in P&C Operations Transformation.
Cognizant is an information technology, business process management, and consulting company headquartered in Teaneck, NJ, U.S. Cognizant offers industry services across various domains, including BFSI, communications, consumer goods, education, healthcare, insurance, life sciences, manufacturing, oil and gas, retail, transportation and logistics, travel and hospitality, and utilities. Overall, Cognizant has ~400 clients globally across various industries, and NelsonHall estimates a net revenue of $19.43bn as of June FY23 with ~350,000 employees that operate out of delivery centers across North America, EMEA, APAC, and LATAM regions.
Cognizant's insurance business covers personal, commercial, and workers compensation. NelsonHall estimates that Cognizant's P&C insurance space globally accounts for ~22% of Cognizant's total revenue, and P&C BPO services account for ~7% of overall insurance revenue.