Neutrinos recognized as a major contender in Everest Group’s Low-Code Technology Providers for Insurance PEAK Matrix® 2023 Assessment
Press release
BENGALURU, India, April 22, 2024 -- Neutrinos, an AI-powered purpose-built business automation platform, today announced it has been named a Major Contender in Everest Group’s Low-code Technology Providers in Insurance – Products PEAK Matrix® Assessment for 2023. Neutrinos scored high in “Engagement and Commercial Model” and “Value Delivered”, showcasing its strength in empowering insurers and financial service enterprises.
"Our platform's unique composable capabilities, combined with our comprehensive library of pre-built solutions and components has allowed our clients to achieve a 70% increase in efficiency. With nearly a decade of experience working with insurance carriers globally, Neutrinos is uniquely positioned to help insurers quickly launch new products, enter new markets, and deliver digital era customer experience with speed, efficiency, and flexibility,” said Samik Ghosh, CEO of Neutrinos.
Neutrinos with its AI-powered business automation platform enables insurance and financial service enterprises to rapidly convert ideas into business outcomes, to accelerate their digital transformation journeys, and to optimize business efficiency. The platform's automation capabilities allow you to embed AI into your process workflows, and its powerful intelligent document processing, case management, and intelligent data mining with observability capabilities along with pre-built solutions enable streamlined document handling, increase straight-through processing, as well as reduced cost of ownership. In addition, the inherent flexibility in the platform allows tailored customization in approach and enables rapid value delivery beyond initial use cases.
“Insurance organizations need assistance to navigate challenges such as talent shortages, adapting to changing market dynamics, rapidly launching products, and optimally managing their technology infrastructure with minimal complexity in new application development and integration with their existing IT estate. Therefore, insurers are increasingly relying on low-code technology to enhance their time-to-market, utilize out-of-the-box integrations, accelerate value realization digitization, and eliminate the need for extensive changes to their underlying technology fabric,” said Vigitesh Tewary, Practice Director at Everest Group.
The report analyzes 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.
For more information on how Neutrinos is revolutionizing the low-code application platform market and addressing the unique needs of the insurance industry, please contact Neutrinos here.
About Neutrinos
Neutrinos enables financial service and insurance enterprises to quickly turn ideas into business outcomes with our AI-powered hyper-automation platform, a library of purpose-built low-code solutions, and deep industry expertise. Enterprises globally rely on Neutrinos' platform to re-imagine, develop, and deploy complex, process-driven, and customer-engaging business applications. We currently work with 30+ leading enterprises across the globe as their long-term strategic partner across new business, contact center, claims, and underwriting, among many other use cases across the entire value chain.
Learn more: www.neutrinos.com
Media Contact:
Sabareesh Natarajan
