DXC Technology – Insurance Strengths, Domain Expertise, and Key Differentiators
With a diverse client base spanning various buyer sizes and industries including P&C, Life Insurance, and Healthcare, it holds a strong position in the market.
DXC Technology, a premier independent IT services company, specializes in managing and modernizing mission-critical systems, integrating them with innovative digital solutions to enhance business performance. With a global presence, top-tier talent, advanced innovation platforms, technology neutrality, and a robust partner network, DXC empowers over 6,000 clients across 70 countries to adapt and thrive amidst change.
DXC Technology – Insurance Recent Developments
In May 2023, DXC Technology announced the appointment of Rob Del Bene as Executive Vice President and Chief Financial Officer. With a wealth of experience, including a five-year tenure as CFO of IBM Global Services Group, Del Bene brings a blend of industry insight, operational acumen, leadership prowess, and financial discipline essential for executing DXC's financial objectives.
In April 2021, DXC finalized the sale of its HPS Business to Dedalus Holding S.p.A. for $543 million. This divestiture aligns with DXC's strategic direction and emphasis on the Enterprise Technology Stack. The sale underscores DXC's commitment to streamlining its portfolio and concentrating on core areas of expertise.
In October 2020, DXC Technology finalized the sale of its U.S. State and Local Health and Human Services business ("HHS") to Veritas Capital, marking a significant strategic move. The transaction, valued at $5.0 billion in total enterprise value, involved the cash acquisition of all equity interests and assets associated with the HHS Business, along with future services commitments from DXC. The company plans to utilize the net proceeds of approximately $5 billion to fortify its balance sheet and reduce debt by approximately $3.5 billion. Upon debt repayment, DXC's balance sheet will carry around $6.0 billion in total debt, resulting in a net debt of approximately $3.0 billion.
DXC Technology unveiled a comprehensive multi-cloud orchestration, automation, and governance solution designed to revolutionize managed services delivery across diverse cloud environments. Branded as DXC Managed Multi-Cloud Services powered by VMware, this offering ensures uniform service management on a large scale, empowering clients to optimize their investments in VMware and gain a substantial competitive edge in the multi-cloud landscape. The announcement of this innovative cloud solution took place at VMworld Europe.
DXC Technology has forged partnerships with insuretech firms to deploy cutting-edge solutions aimed at optimizing operational efficacy, diminishing expenses, augmenting workforce productivity, and elevating user satisfaction for its insurance clientele.
DXC Technology – Insurance Mergers and Acquisitions (M&A) Activities
In 2020, DXC Technology acquired CMORE Automotive, a specialized services provider focused on developing and validating AI-powered mobility systems. This acquisition augments Luxoft's expertise in data-driven development, testing, and validation of Autonomous Drive/Advanced Driver Assistance Systems (AD/ADAS) across Level 3 to Level 5 autonomy. It enhances DXC's capacity to deliver comprehensive AD/ADAS programs for clients on a large scale, furthering its leadership in transformative mobility solutions..
DXC Technology acquired Bluleader, a renowned Australian consulting firm specializing in Customer Experience (CX) solutions. This strategic acquisition underscores DXC's dedication to expanding and investing in SAP-based customer experience solutions, as well as strengthening its SAP Practice. The overarching goal is to solidify DXC's position as the leading SAP partner in Australia and New Zealand.
In 2019, DXC Technology completed the acquisition of Luxoft Holding, Inc., a renowned global digital strategy and software engineering firm. This strategic move enhances DXC's position as a premier provider of end-to-end IT and digital services, bolstering its capacity to deliver large-scale transformative digital solutions for clients. The integration of Luxoft augments DXC's digital engineering capabilities, deepens expertise across key verticals, and broadens the portfolio of digital offerings available to clients
DXC Technology – Insurance Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying DXC Technology – Insurance applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of DXC Technology – Insurance and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified DXC Assure Digital Platform, DXC Legal Solutions Suite customers.
DXC Technology – Insurance Overview
20408 Bashan Drive Suite 231
Ashburn, VA, 20147, United States
1 703-245-9700
https://www.dxc.technology/
Ownership: - DXC (NYSE)
Number of Employees: 130000
Functional Markets: Analytics and BI, Content Management, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Life Insurance, P&C Insurance, Specialty Insurance,
DXC Technology – Insurance Key Enterprise and Cloud Applications
DXC Assure Digital Platform, DXC Legal Solutions Suite
DXC Technology – Insurance Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
DXC Technology – Insurance Revenue Breakdown By Type, $M:
DXC Technology – Insurance Enterprise Applications Revenues By Functional Markets, $M:
DXC Technology – Insurance Enterprise Applications Revenues By Verticals, $M:
DXC Technology – Insurance Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
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| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
DXC Technology – Insurance Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
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| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
DXC Technology – Insurance Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified DXC Technology - Insurance Customers
No. of DXC Technology – Insurance Customers: x
No. of DXC Technology – Insurance Enterprise Applications Customers: x
No. of DXC Technology – Insurance Cloud Customers: x
No. of DXC Technology – Insurance Cloud Subscribers: x
DXC Technology is entrusted by customers in over 70 countries to oversee their mission-critical systems and operations, facilitating IT modernization, optimizing data architectures, and ensuring security and scalability across various cloud environments. Their innovative solutions, applied across the Enterprise Technology Stack, aid in enhancing business outcomes, managing disruptions, fostering resiliency, and reducing costs for clients. DXC Technology serves 1,900 clients in the insurance technology sector, engaging over 6,000 insurance professionals globally. Notably, 85% of their insuretech clients rank among Fortune's Global 500 insurers. DXC Technology plays a pivotal role in administering over 13 million insurance policies, with 386 clients in North America leveraging their RISKMASTER Accelerator claims and risk management system.
DXC Technology – Insurance Market Opportunities, M&A and Geo Expansions
In February 2024, DXC Technology named Raul Fernandez as President and Chief Executive Officer. Following a thorough assessment of Fernandez's leadership, operational acumen, and extensive DXC experience from his tenure on the Board of Directors and as Interim CEO, the Board concluded that he is the ideal leader to advance DXC's strategic agenda and foster long-term growth. DXC anticipates that Fernandez will leverage the company's strengths, particularly its trusted client relationships, to enhance performance and better serve customers, employees, and investors in the years ahead.
In 2022, DXC Technology prioritized cultivating robust customer relationships by enhancing the customer experience through stable, predictable operations coupled with agility and velocity. This strategic approach created avenues for cross-selling and expanding offerings to customers, thereby capitalizing on market opportunities.
In November 2018, Castlight Health achieved several successful launches of Castlight Complete, integrating its wellbeing and care guidance functionalities into a unified application. These launches encompassed large employers representing over 300,000 eligible lives across diverse benefits landscapes, incorporating various programs and point solutions.
In May 2016, Castlight entered a strategic, multi-faceted business alliance with SAP, focusing on delivering integrated healthcare technologies. This collaboration aims to drive down healthcare costs, enhance outcomes, and boost benefits satisfaction. Castlight's integration with the SAP Connected Health platform and its distribution partnership with SAP SuccessFactors HCM Suite are key components of this alliance.
DXC Technology – Insurance Risks and Challenges
Intense market competition and prolonged periods of inflation without sufficient inflation safeguards in customer contracts may escalate costs, negatively affect overall economic conditions, and influence consumer budgeting.
As of March 31, 2021, DXC Technology's indebtedness stood at around $5.5 billion, inclusive of capital lease obligations. The company foresees the likelihood of incurring significant additional indebtedness in the future, primarily to finance acquisitions. Such indebtedness could potentially impact DXC's business, financial health, and operational outcomes to a material extent..
DXC Technology – Insurance Ecosystem, Partners, Resellers and SI
In November 2023, DXC Technology strengthened its partnership with ServiceNow, a notable move considering DXC's status as a ServiceNow Global Elite partner. This deepened alliance positions DXC as a preferred partner for ServiceNow Professional Services and ServiceNow Impact, an AI-powered solution geared towards accelerating client time to value and ROI maximization. Through this enhanced collaboration, DXC will offer Enterprise Applications Value Optimization services, expanding its reach across Global Business Services (GBS) and Global Infrastructure Services (GIS) to provide end-to-end support for clients in their digital transformation endeavors.
In August 2021, Mosaic Insurance and DXC Technology unveiled a pioneering insurance technology platform aimed at accelerating the sale, underwriting, and servicing of specialty insurance. Leveraging DXC's business-process expertise and technology, along with Mosaic's status as a next-generation global specialty insurer, the platform streamlines underwriting processes, simplifies transactions, and expedites claims processing and risk assessment.
DXC Technology has joined forces with Microsoft to establish a global Microsoft Azure Digital Transformation Practice. This collaboration aims to expedite client migration to the Microsoft Azure public cloud, enhancing efficiency and agility. The DXC and Microsoft Azure Digital Transformation Practice will concentrate on aiding organizations in managing technology change pace by facilitating the development and implementation of public cloud strategies with increased agility.
DXC Technology has forged a partnership with Google Cloud, empowering enterprise clients to modernize their critical IT infrastructure and integrate digital solutions on the Google Cloud Platform. As part of this strategic alliance, DXC is establishing a Google Cloud Platform Center of Excellence (COE) and a Google Cloud Artificial Intelligence (AI) COE. These initiatives aim to offer clients in pivotal industries secure, scalable, and agile cloud-based digital platforms, leveraging advanced data analytics capabilities.
DXC Technology has cultivated over 250 partner network relationships, encompassing 14 strategic partnerships with industry leaders such as AWS, AT&T, Dell/EMC, HCL, HPE, IBM, Lenovo, Micro Focus, Microsoft, Oracle, Servicenow, among others.
DXC Technology – Insurance Cloud Infrastructure Insights
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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