Appian Secures Leader Spot in Low-Code Technology for Insurance, Says Everest Group Report
MCLEAN, Va., Feb. 14, 2024—In a notable development for the insurance tech landscape, Appian (Nasdaq: APPN) has been named a Leader in Everest Group’s Low-code Technology Providers in Insurance PEAK Matrix® Assessment 2023. This prestigious designation underscores Appian’s pivotal role in shaping the future of low-code solutions within the insurance sector.
Strategic Innovation and Market Impact
The report comprehensively evaluates 21 low-code technology providers, highlighting Appian for its strategic vision, technological sophistication, and market impact. The assessment criteria focused on the provider's capability to deliver effective solutions, the overall functionality of their strategic roadmap, and their agility and flexibility in deployment and engagement.
Appian's low-code AI process platform stands out for its comprehensive capabilities in automation and data unification, proving crucial for insurance organizations grappling with technology management, talent shortages, and dynamic market conditions. The platform's exceptional out-of-the-box functionality supports speedy application development and integration, crucial for insurers aiming to meet tight market deadlines.
Recognition by Industry Experts
Vigitesh Tewary, Practice Director at Everest Group, commended Appian for its significant contribution to the insurance industry. The company has been recognized for its extensive functionality designed to automate insurance processes, resulting in efficient operations and successful implementations across both life and non-life insurance carriers.
Jake Sloan, VP of Insurance at Appian, expressed pride in the company’s achievement, emphasizing their innovative digital insurance solutions. The recognition by Everest Group reaffirms Appian’s commitment to excellence and continual innovation in the insurance sector, aiming to enhance operational efficiency, optimize risk management, and accelerate new product launches.
Transforming Insurance Services
Appian’s low-code platform is meticulously engineered to empower insurers with robust and scalable solutions, transforming routine tasks into automated processes. This not only elevates operational efficiency but also allows professionals to focus on critical legal and creative work, thereby enriching customer experiences and fostering organizational growth.
As the demand for adaptable and sophisticated low-code technology solutions surges, Appian’s recognition by the Everest Group highlights its pioneering role in driving digital transformation within the insurance industry.
For further details about Appian’s services and its impact on the insurance technology landscape, please visit appian.com.
Appian remains at the forefront of low-code technology innovation, setting the bar high for digital transformation in the insurance industry.
Analyst comment
Positive
As a result of being named a Leader in Everest Group’s Low-code Technology Providers in Insurance PEAK Matrix Assessment 2023, Appian is well-positioned to capitalize on the growing demand for low-code technology solutions in the insurance industry. With its comprehensive capabilities and exceptional functionality, Appian’s low-code AI process platform can help insurance organizations enhance operational efficiency, optimize risk management, and accelerate product launches. This recognition reaffirms Appian’s commitment to excellence and positions them as a pioneer in driving digital transformation within the industry.
