MCLEAN, Va., Feb. 14, 2024 /PRNewswire/ -- Appian
(Nasdaq: APPN) announced today that it is named a Leader in the
Everest Group insurance technology report, Low-code Technology
Providers in Insurance PEAK Matrix® Assessment 2023. The report
analyses 21 low-code insurance providers across multiple evaluation
dimensions, including:
- Vision and capability to deliver products successfully.
- Overall function of strategic roadmap, technology
sophistication, services capability, flexibility and ease of
deployment, engagement and commercial model, and support.
- Market impact and function of market adoption, client portfolio
mix, and value delivered.
According to the report, insurance organisations seek support to
manage the technology environment, address talent shortages, and
respond to changing market dynamics. Insurers are increasingly
relying on low-code technology for rapid application
development, integration, and meeting time-to-market needs.
Appian's recognition as a Leader in the report is based on its
strong value proposition to fulfil insurers diverse needs across
the value chain.
"Appian has done well in elevating insurance
industry mindshare by offering exhaustive out-of-the-box
functionality to automate insurance processes, unify data across
systems, and showcase credible success proof-points with life and
non-life carriers," said Vigitesh Tewary, Practise Director,
Everest Group. "Appian's focus on establishing a robust ecosystem
with services and technology partners, a comprehensive skilling and
certification programme, and offering a compelling
value-proposition as a low-code platform that can scale with
carriers' business volumes and workload complexity has enabled
Appian to secure a Leader recognition on Everest Group's Low-code
Technology Providers in Insurance, Products PEAK Matrix® Assessment
2023."
"With the Appian Platform, we are automating our processes from
intake and coverage verification to assessing whether a dispute is
covered by the insurance policy, and finally, distributing it to
the appropriate case handler for claims handling," said
Erik Hietkamp, CIO and Director of
IT at DAS. "Our objective is to build upon data and processes to
automate mundane tasks and empower our case handlers to concentrate
on their legal work."
"We are proud to announce that Appian has received recognition
for our innovative approach to providing digital insurance
solutions aligned with our commitment to excellence in the
insurance industry," said Jake
Sloan, VP of Insurance, Appian. "The Appian Platform is
meticulously designed to empower insurers with a robust, low-code
AI process automation platform that enhances operational
efficiency, optimises risk management, and accelerates the launch
of new insurance products. Recognition from Everest Group not only
solidifies our standing as a leader in insurance technology but
also underscores our dedication to ongoing evolution and pioneering
transformation in insurance services through Appian."
View the full report here: https://ap.pn/48d5JZf.
About Appian
Appian is a software company that automates business processes.
The Appian AI Process Platform includes everything you need to
design, automate, and optimise even the most complex processes,
from start to finish. The world's most innovative organisations
trust Appian to improve their workflows, unify data, and optimise
operations—resulting in better growth and superior customer
experiences. For more information, visit appian.com. [Nasdaq:
APPN]
Follow Appian: LinkedIn, X (US), and
X (UK).
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