WALLDORF — SAP SE (NYSE: SAP) today announced it has been positioned by Gartner Inc. as a Leader in the Magic Quadrant for Non-Life Insurance Platforms, Europe.*
“Insurance companies need to embrace data, technology and constant innovation around customer, products and services to adapt to the rapid pace of business model change taking place in the industry and its rising new ecosystems,” SAP Global Head of Insurance Business Unit Toni Tomic said. “This accelerated change is providing organizations with more and more information and better insights to meet consumer demands. Consequently, a new digital core is required to ensure insurers are capable of reaching the needs of consumers, capturing key data and meeting compliance requirements. We believe this recognition by Gartner affirms SAP’s commitment to driving the insurance industry forward.”
According to Gartner: “Leaders have the highest combined scores for Ability to Execute and Completeness of Vision. They have a thorough market understanding, a strong non-life-insurance industry focus, and a clearly articulated vision for the future of the market and their products. Leaders offer technically solid and functionally complete software products. They have proven implementation track records with an adequate installed base. Leaders are present in multiple European countries, and they have the necessary human and financial resources to further penetrate their markets and expand their portfolios of innovative system capabilities.”
To learn how SAP S/4HANA is helping transform the insurance industry with innovations in the digital core, read “Transform Insurance with SAP Solutions.”
*Gartner, “Magic Quadrant for Non-Life Insurance Platforms, Europe,” Sham Gill, 26 November 2018.
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