DXC Technology – Insurance Strengths, Domain Expertise, and Key Differentiators
Owing to its large clientele across buyer sizes and across P&C, Life Insurance and Healthcare, it is positioned very robustly in the market.
DXC Technology, the world’s leading independent, end-to-end IT services company, manages and modernizes mission-critical systems, integrating them with new digital solutions to produce better business outcomes. The company’s global reach and talent, innovation platforms, technology independence, and extensive partner network enable more than 6,000 private- and public-sector clients in 70 countries to thrive on change.
DXC Technology – Insurance Recent Developments
In April 2021, DXC completed the sale of its HPS Business to Dedalus Holding S.p.A. ("Dedalus") for $543 million. The sale of HPS to Dedalus is consistent with DXC’s strategy and focus on the Enterprise Technology Stack. The sale of DXC’s healthcare provider software business to Dedalus is consistent with DXC’s strategy and focus on the Enterprise Technology Stack.
In October 2020, DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business ("HHS" or the "HHS Business") to Veritas Capital. The sale was accomplished by the cash purchase of all equity interests and assets attributable to the HHS Business together with future services to be provided by the Company for a total enterprise value of $5.0 billion. DXC intends to use the net proceeds from the $5 billion cash consideration to strengthen its balance sheet and reduce debt by about $3.5 billion. Following the repayment of the debt, DXC will have approximately $6.0 billion of total debt on its balance sheet and net debt of about $3.0 billion.
DXC Technology launched a multi-cloud orchestration, automation and governance solution that transforms managed services delivery across any cloud. DXC Managed Multi-Cloud Services powered by VMware provides consistent service management at scale and enables clients to maximize investments in VMware for a significant multi-cloud competitive advantage. The new cloud solution was announced here at VMworld Europe.
DXC Technology is collaborating with insuretech companies to deliver innovative technologies that will help its insurance customers boost operational efficiency, reduce costs, improve employee productivity and enhance the end user experience.
DXC Technology – Insurance Mergers and Acquisitions (M&A) Activities
In 2020, DXC Technology Company acquired CMORE Automotive, an independent services provider dedicated to the development and validation of AI-driven mobility systems. The acquisition builds on Luxoft’s capabilities in data-driven development, testing, and validation of Autonomous Drive/Advanced Driver Assistance Systems (AD/ADAS) for Level 3 to Level 5 autonomous functions and strengthens the company’s ability to design and deploy transformative AD/ADAS programs for clients at scale.
DXC Technology acquired Bluleader, an award-winning Australian consulting company focused on delivering Customer Experience (CX) solutions. The acquisition of Bluleader is an integral part of DXC’s commitment to continue to grow and invest in SAP-based customer experience solutions and more broadly our SAP Practice, with the joint strategic goal of achieving our position as the number one SAP partner in Australia and New Zealand.
In 2019, DXC Technology acquired Luxoft Holding, Inc, the global digital strategy and software engineering firm. The acquisition builds on DXC’s unique value proposition as an end-to-end, mainstream IT and digital services market leader, and strengthens the company’s ability to design and deploy transformative digital solutions for clients at scale. The addition of Luxoft will bring clients new capabilities in digital engineering, additional depth in key verticals and an expanded portfolio of digital offerings.
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
Ownership: - DXC (NYSE)
Number of Employees: 130000
Functional Markets: Analytics and BI, Content Management, CRM, ERP Financial, ERP Services and Operations Management,
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 | 2020 | 2021 | 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:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
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 | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| 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 |
|---|---|---|---|
| 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
Customers in more than 70 countries trust DXC to run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. By applying their innovations across the Enterprise Technology Stack, they help customers improve business outcomes, manage disruptions, develop resiliency, and lower costs. DXC Technology provides insuretech software and services to 1900 clients, and more than 6,000 insurance professionals. 85% of DXC Technology insuretech clients are insurers in Fortune’s Global 500. It is assisting in administration of 13M+ insurance policies. 386 clients in North America use DXC’s RISKMASTER Accelerator claims and risk management system.
DXC Technology – Insurance Market Opportunities, M&A and Geo Expansions
The DXC strategy in the last year focused on building stronger relationships with their customers. DXC Technology improved customer experience by focusing on providing stable, predictable operations with agility and velocity. This, in turn, created a market opportunity for cross-selling and expanding their offerings to the customers.
In November 2018, Castlight Health completed multiple successful launches of Castlight Complete, which combines the company's wellbeing and care guidance capabilities in a single application. These launches included large employers comprising more than 300,000 eligible lives in complex benefits environments, with a diverse array of programs and point solutions.
In May 2016, Castlight signed a strategic, multi-pronged business alliance with SAP to deliver integrated healthcare technologies aimed at helping lower healthcare costs, improve outcomes and increase benefits satisfaction. It is now integrated with the SAP Connected Health platform and enter into a distribution relationship with SAP SuccessFactors HCM Suite.
DXC Technology – Insurance Risks and Challenges
DXC Technology has indebtedness totaling approximately $5.5 billion as of March 31, 2021 (including capital lease obligations). And are predicting incurring substantial additional indebtedness in the future for many reasons, including to fund acquisitions. Their indebtedness could have a material adverse effect on their business, financial condition, and results of operations.
DXC Technology appointed Mike Salvino as President and Chief Executive Officer. Salvino succeeds Mike Lawrie, who has served as DXC’s Chairman, President, and Chief Executive Officer since the company’s formation in 2017. Lawrie has announced his retirement as President and CEO and will retire as DXC’s board chair on Dec. 31, 2019.
Focus is on the markets in North America and United Kingdom.
DXC Technology – Insurance Ecosystem, Partners, Resellers and SI
In August 2021, Mosaic Insurance and DXC Technology (NYSE: DXC) successfully launched an innovative new insurance technology platform that increases the speed at which specialty insurance is sold, underwritten, and serviced. Together with DXC’s business-process expertise and technology, Mosaic, a next-generation global specialty insurer, will refine underwriting, simplify transactions, and process claims and assess risks faster.
DXC Technology partnered with Microsoft through the formation of a global Microsoft Azure Digital Transformation Practice to accelerate client migration to the Microsoft Azure public cloud with greater efficiency and agility. The DXC and Microsoft Azure Digital Transformation Practice will focus on helping organizations manage the pace of technology change by bringing greater agility to the creation and execution of public cloud strategies.
DXC Technology partnered with Google Cloud that will enable enterprise clients to modernize their mission-critical IT and integrate digital solutions on Google Cloud Platform. With the strategic partnership, DXC is also launching a Google Cloud Platform Center of Excellence (COE) and a Google Cloud Artificial Intelligence (AI) COE to provide clients in key industries with secure, scalable and agile cloud-based digital platforms that leverage advanced data analytics capabilities.
DXC Technology has established more than 250 partner network relationship, including 14 strategic parnterships - AWS, AT&T, Dell/EMC, HCL, HPE, IBM, Lenovo, Micro Focus, Microsoft, Oracle and others.
DXC Technology – Insurance Cloud Infrastructure Insights
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- DXC Technology – Insurance Public Cloud and Infrastructure (IaaS)
- DXC Technology – Insurance Platform (PaaS)
- DXC Technology – Insurance Application Delivery
- DXC Technology – Insurance Private Cloud and Data Centers
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).
For additional information on our methodologies, here's the link:
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