Accenture Named a Leader and Star Performer in Everest Group’s PEAK Matrix® for Guidewire Services

Rhea-AI Summary

Accenture (NYSE: ACN) has been recognized as a Leader and Star Performer in the 2023 Everest Group PEAK Matrix for Guidewire Services. This accolade indicates Accenture's strengthened market position following significant year-on-year growth. The Everest Group noted the rising demand among P&C insurers for third-party core platforms like Guidewire, emphasizing Accenture's comprehensive service offerings, from implementation to support.

Accenture's ongoing investments in AI tools and its recent acquisition of Blackcomb Consultants highlight its strategic approach to enhancing digital transformation in the insurance sector.

Positive

• Accenture recognized as a Leader and Star Performer in the 2023 Everest Group PEAK Matrix for Guidewire Services.
• Significant year-on-year positive movement in market position.
• Extensive service offerings from product road-mapping to maintenance.
• Investments in AI tools to enhance service integration and efficiency.
• Recent acquisition of Blackcomb Consultants to support digital transformation.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE: ACN) has been named a Leader and Star Performer in the 2023 Everest Group PEAK Matrix^® for Guidewire Services. The Star Performer title is given to providers that have achieved the greatest year-on-year positive movement on the PEAK Matrix – highlighting that Accenture’s leading position in the market has strengthened.

Everest Group notes that P&C insurers are increasingly looking to adopt third-party core platforms such as Guidewire to address the limitations of legacy core systems and drive back to front office transformation to future-proof their IT estates.

According to Everest Group, Accenture’s strengths include its wide coverage across the core transformation journey, from initial product road-mapping and implementation to maintenance and support, and product enhancement services. Additionally, it noted Accenture’s extensive solutions that can be integrated with Guidewire, such as artificial intelligence (AI) and machine learning powered damage assessment for auto and property, its cognitive workers’ compensation solution and conversational AI bot for claims.

“Accenture has demonstrated a strategic focus to expand in the Guidewire services market, making targeted investments to scale its certified resource pool as well as building multiple AI-based tools that can be integrated with Guidewire,” said Aaditya Jain, Vice President, Everest Group. “Its robust value proposition to address insurers’ IT services needs across the core modernization journey, targeted assets to support the adoption of Guidewire Cloud and Digital products, and strong client recognition on resource quality have helped Accenture earn recognition as a Leader and a Star Performer in Everest Group’s Guidewire Services PEAK Matrix^® Assessment 2022.”

John Koepke, technology lead for Accenture’s Insurance industry group in North America, said, “We continue to invest in our platform ecosystem, as evidenced by our recent acquisition of Blackcomb Consultants, a leading Guidewire partner. Amid market disruption and heightened consumer expectations, insurers are turning to platforms such as Guidewire to enable digital transformation, using technologies like AI and analytics to improve productivity and create hyper-personalized offerings for their customers.”

The report assessed 24 Guidewire service providers and was based on RFI responses, interactions with leading Guidewire service providers, client reference checks and an ongoing analysis of the Guidewire services market.

Everest Group’s Guidewire Services PEAK Matrix^® Assessment 2023 can be viewed here.

About Accenture

Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.

Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005154/en/

Victoria Holmes

Accenture

+44 7446 277749

victoria.holmes@accenture.com

Source: Accenture

FAQ

What recent achievement did Accenture (ACN) receive regarding Guidewire Services?

Accenture was named a Leader and Star Performer in the 2023 Everest Group PEAK Matrix for Guidewire Services.

How has Accenture (ACN) strengthened its position in the insurance market?

Accenture's position has strengthened due to significant year-on-year growth and extensive service offerings in Guidewire Services.

What strategic investments is Accenture (ACN) making in its Guidewire services?

Accenture is investing in AI-based tools and has acquired Blackcomb Consultants to accelerate digital transformation for insurers.

What does the Everest Group report say about the demand for Guidewire services?

The report indicates increasing demand from P&C insurers for third-party core platforms like Guidewire to modernize their IT systems.

How many Guidewire service providers were assessed in the Everest Group report?

The report assessed 24 Guidewire service providers based on client references and ongoing market analysis.