IT Services Vendors Solutions Spectrum: APAC Version, 2014

by Mohammed Mahfuz,  Wenli Yuan,  Karen Monks,  Nicolas Michellod, November 18, 2014
Vendor Reviews
Asia-Pacific

Abstract

Celent profiles IT service vendors for the insurance industry. The report covers 24 vendors around the globe with a focus on Asia-Pacific presence.

IT service vendors have become an integral part of the insurance landscape; even the most self-reliant insurers with expert IT organizations have some experience with an IT partner. The many IT service vendors of varying sizes, skills, and focus means it is difficult to create a comprehensive guide for the insurance industry.

In the report IT Services Vendors Solutions Spectrum: APAC Version, 2014, Celent profiles IT service vendors for the insurance industry. The report covers 19 vendors around the globe with a focus on Asia-Pacific presence. Although this is not an exhaustive list, the report captures a wide cross-section of the available vendors and functions. This report is a companion to versions recently published for North America, Latin America, and Europe/Middle East/Africa. 

It profiles the following vendors:

  • Accenture
  • ATOS
  • Cognizant
  • CSC
  • Genpact
  • HCL
  • Ibexi Solutions
  • IBM
  • IGATE
  • Indra Sistemas
  • Infosys
  • Mastek Ltd.
  • Mindtree
  • NIIT
  • Sinosoft
  • Syntel
  • ValueMomentum
  • Wipro
  • Zensar

“A significant amount of APAC technology services business goes to large consultancies and global service providers because of their experience and the depth of their client base,” says Nicolas Michellod, a senior analyst with Celent's Insurance practice and coauthor of the report. “Recently we have seen IT services vendors looking to further diversify their services in the core insurance system vendor space through intellectual property development or acquisition.”

“Service providers continue to expand their presence in the Asia-Pacific region,” says Wenli Yuan, a senior analyst with Celent's Asian Financial Services practice. “This can be considered a mature market for insurers, who can be confident they'll find considerable choice and experience among these providers.”

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Introduction

2

IT Service Categories

3

Methodology

6

IT Services Vendors

7

Accenture

10

Cognizant14

CSC

20

Genpact

24

HCL Technologies

31

Ibexi Solutions Private Limited

38

IBM

44

IGATE Corporation

49

Indra Sistemas

54

Infosys

59

L&T Infotech

66

Mastek Ltd.

73

Mindtree Limited

80

NIIT Technologies Ltd.

86

Sinosoft Company Limited

92

Syntel, Inc.

97

ValueMomentum

103

Wipro Limited

108

Zensar Technologies Ltd.

114

Leveraging Celent’s Expertise

120

 

Support for Financial Institutions

120

 

Support for Vendors

120

Related Celent Research

121

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