Vendor Analysis
published on Feb 27, 2017
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.