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Cognizant - Property & Casualty BPS

Vendor Analysis

by NelsonHall Analyst

published on Feb 27, 2017

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Report Overview:

This NelsonHall vendor assessment analyzes Cognizant’s offerings and  capabilities in the property and casualty BPS sector.  

Cognizant’s is one of a number of BPS vendors analyzed in this comprehensive industry analysis. 

Who is this Report for:

NelsonHall’s property and casualty BPS profile on Cognizant is a comprehensive assessment of Cognizant’s offerings and capabilities designed for: 

  • Sourcing managers monitoring the capabilities of existing suppliers of Property and casualty BPS services and identifying vendor suitability for Property and casualty BPS RFPs 
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers 
  • Financial analysts and investors specializing in the support services sector. 

Scope of this Report:

The report provides a comprehensive and objective analysis of Cognizant’s property and casualty BPS offerings and capabilities, and market and financial strengths, including: 

  • Identification of the company’s strategy, emphasis, and new developments 
  • Analysis of the company’s strengths, weaknesses, 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 locations.

 

Key Findings & Highlights:

Cognizant Technology Solutions (‘Cognizant’) is headquartered in Teaneck, NJ. It is an Indian offshore-centric provider of IT, consulting and BPS services. Cognizant is a late entrant into Property and Casualty BPS,having joined in 2006 after gaining experience with insurance vendors through IT implementations. Cognizant segments its insurance business across the following lines:

  • Business process services (BPS)Consulting (CBCi)
  • Technology consulting group 
  • Application management
  • Global delivery group (GDG). 

In terms of policy offerings, Cognizant is active in the following insurance lines:

  • Commercial: property, auto, group benefits, professional liability, fire, bond, travel and personal injury
  • Personal: auto, home, property, and travel, personal accident
  • Worker's compensation: medical, absence management/RTW, wage supplement.

 

 

 

Table of contents:

Table of contents:

  • Background
  • Revenue Summary
  • Key Offerings
  • Delivery Capability and Partnerships
  • Delivery capabilities
  • Software and tools
  • Acquisitions and partnerships
  • Target Markets
  • Strategy
  • Strengths and Challenges
  • Strengths
  • Challenges
  • Outlook

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