Appian Named a Leader in Everest Group's Low-code Technology Providers in Insurance PEAK Matrix® Assessment 2023 USA - English APAC - English USA - español
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MCLEAN, Va., Feb. 14, 2024 ~ Appian, a leading low-code technology provider, has been named a Leader in the Everest Group insurance technology report, Low-code Technology Providers in Insurance PEAK Matrix® Assessment 2023. The report evaluates 21 low-code insurance providers based on various criteria such as vision and capability to deliver products successfully, strategic roadmap, technology sophistication, services capability, flexibility and ease of deployment, engagement and commercial model, support, market impact, market adoption, client portfolio mix and value delivered.

According to the report, insurance organizations are seeking support to manage their technology environment, address talent shortages and adapt to changing market dynamics. As a result, many insurers are turning to low-code technology for rapid application development, integration and meeting time-to-market needs. Appian's recognition as a Leader in the report is a testament to its strong value proposition in fulfilling diverse needs across the insurance value chain.

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Vigitesh Tewary, Practice Director at Everest Group stated that "Appian has done well in elevating insurance industry mindshare by offering exhaustive out-of-the-box functionality to automate insurance processes." He also highlighted Appian's ability to unify data across systems and provide credible success proof-points with life and non-life carriers. Tewary also noted Appian's focus on establishing a robust ecosystem with services and technology partners as well as offering a comprehensive skilling and certification program.

Erik Hietkamp, CIO and Director of IT at DAS shared his experience with using Appian's platform for automating processes within their organization. "With the Appian Platform," he said,"we are automating our processes from intake and coverage verification to assessing whether a dispute is covered by the insurance policy." Hietkamp also mentioned that their objective is to use data and processes to automate mundane tasks so that case handlers can focus on their legal work.

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Jake Sloan, VP of Insurance at Appian expressed his pride in receiving recognition for their innovative approach to providing digital insurance solutions. "The Appian Platform is meticulously designed to empower insurers with a robust, low-code AI process automation platform," he said. Sloan also emphasized Appian's commitment to excellence in the insurance industry and their dedication to ongoing evolution and pioneering transformation in insurance services.

The full report can be viewed on Appian's website at https://ap.pn/48d5JZf. This recognition from Everest Group not only solidifies Appian's position as a leader in insurance technology but also highlights their dedication to driving innovation and transformation in the insurance industry. With its comprehensive low-code platform, Appian continues to empower insurers with enhanced operational efficiency, optimized risk management, and accelerated launch of new insurance products.
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