EXL earns top Leader spot in Everest Group’s 2022 Property and Casualty Insurance BPS PEAK Matrix® Assessment for third straight year
03 May 2022 - 9:30PM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, announced today that it has been named a
Leader and a Star Performer in Everest Group’s Property and
Casualty (P&C) Insurance BPS PEAK Matrix® Assessment 2022. This
marks the third straight year that EXL has been recognized as the
top performer in the annual report.
The distinction reflects EXL’s continued growth in analytics and
digital solutions and its commitment to helping clients make sense
of data to drive their businesses forward. Everest Group cites
EXL’s year-over-year growth, its technology and domain-specific
investments, and a well-diversified portfolio as the key metrics
driving its Star Performer designation.
“EXL’s continuous efforts in strengthening its client
partnerships through well-rounded investments across domain,
delivery, digital, and talent have contributed to its positioning
as a Leader and a Star Performer in Everest Group’s P&C
insurance BPS PEAK Matrix 2022®,” said Somya Bhadola, Practice
Director, Everest Group.
“Having cemented a mature position in the North American market,
it is further strengthening its strategic bets by expanding to
other upcoming buyer markets, particularly the UK and Lloyd’s
market,” said Bhadola. “With a go-to-market now centered around
digital solutioning to alleviate value chain pain points, EXL has
amped up its competitive intensity and is increasingly emerging as
a reliable digital/transformation partner in the market with a
strong foundational understanding of underlying domain and
operations.”
Each year, Everest Group presents detailed assessments of
P&C insurance providers. Firms are evaluated based on their
vision, capabilities, and market impact. Researchers determine an
organization’s positioning based on Everest Group’s annual RFI
process, interactions with leading P&C insurance providers,
client reference checks, and ongoing analysis of the industry
market.
“It is staggering to consider how dramatically the insurance
industry has changed since EXL was named a Leader in the first-ever
Everest Group P&C Insurance PEAK Matrix® Assessment way back in
2014. We’ve worked incredibly hard to maintain that leadership role
each year by helping our clients transform their businesses in the
face of massive, industry-wide disruption,” said Raghav Jaggi, SVP,
P&C Insurance. “From our early days in business process
improvement and automation to our current work on the cutting edge
of AI-enabled digital transformation and data-led strategy, we are
committed to keep pushing the limits, helping our clients take bold
actions that keep them ahead of the curve.”
To read more about Everest Group’s 2022 Property and Casualty
(P&C) Insurance BPS PEAK Matrix® Assessment, visit here. For
more information about EXL’s solutions for the insurance industry,
click here.
About EXL
EXL (NASDAQ: EXLS) is a leading data analytics and digital
operations and solutions company that partners with clients to
improve business outcomes and unlock growth. By bringing together
deep domain expertise with robust data, powerful analytics, cloud,
artificial intelligence (“AI”) and machine learning (“ML”), we
create agile, scalable solutions and execute complex operations for
the world’s leading corporations in industries including insurance,
healthcare, banking and financial services, media, and retail,
among others. Focused on driving faster decision-making and
transforming operating models, EXL was founded on the core values
of innovation, collaboration, excellence, integrity and respect.
Headquartered in New York, our team is over 39,000 strong, with
more than 50 offices spanning six continents. For more information,
visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. You
should not place undue reliance on those statements because they
are subject to numerous uncertainties and factors relating to EXL's
operations and business environment, all of which are difficult to
predict and many of which are beyond EXL’s control. Forward-looking
statements include information concerning EXL’s possible or assumed
future results of operations, including descriptions of its
business strategy. These statements may include words such as
“may,” “will,” “should,” “believe,” “expect,” “anticipate,”
“intend,” “plan,” “estimate” or similar expressions. These
statements are based on assumptions that we have made in light of
management's experience in the industry as well as its perceptions
of historical trends, current conditions, expected future
developments and other factors it believes are appropriate under
the circumstances. You should understand that these statements are
not guarantees of performance or results. They involve known and
unknown risks, uncertainties and assumptions. Although EXL believes
that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect
EXL’s actual financial results or results of operations and could
cause actual results to differ materially from those in the
forward-looking statements. These factors, which include our
ability to successfully close and integrate strategic acquisitions,
our ability to respond to and manage public health crises,
including the outbreak and continued effects of COVID-19 pandemic,
are discussed in more detail in EXL’s filings with the Securities
and Exchange Commission, including EXL’s Quarterly Report on Form
10-Q and Annual Report on Form 10-K. These risks could cause actual
results to differ materially from those implied by forward-looking
statements in this release. You should keep in mind that any
forward-looking statement made herein, or elsewhere, speaks only as
of the date on which it is made. New risks and uncertainties come
up from time to time, and it is impossible to predict these events
or how they may affect EXL. EXL has no obligation to update any
forward-looking statements after the date hereof, except as
required by federal securities laws.
© 2022 ExlService Holdings, Inc. All rights
reserved. For more information go to
www.exlservice.com/legal-disclaimer
Investor Relations
Steven N. Barlow
Vice President Investor Relations
+1 212-209-4613
steven.barlow@exlservice.com
Media - US
Cindy Carpenter
Vice President Marketing
+1 617-504-8620
cindy.carpenter@exlservice.com
Media - Europe, India and APAC
Shailendra Singh
Vice President Corporate Communications
+91-98104-76075
shailendra.singh@exlservice.com
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