Number one ranking reflects DXC's position as a trusted provider of insurance technology solutions to its clients across the globe
ASHBURN, Va., Nov. 14, 2024 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been ranked the leading Life & Annuity (L&A) Insurance Technology Provider in a new report by global research and analyst firm Everest Group.
In its inaugural annual report, "Leading 50TM Life & Annuity (L&A) Insurance Technology Providers," Everest Group ranked companies based on revenues, geographical scope of client base, line of business coverage and value chain coverage. The report highlighted DXC's innovation expertise as being a key differentiator. DXC works with global customers as a trusted partner, helping insurers transform and modernize operations.
"DXC Technology has been listed at the top of the Everest Group's inaugural Leading 50â„¢ Life & Annuities (L&A) Insurance Technology Providers 2024 research. This is attributed to their technology offerings' coverage across all major products, value chain functions, and a well-diversified, global client footprint," said Ronak Doshi, Partner at Everest Group. "Their strategic focus on pivotal market themes, such as accelerated underwriting and distribution channel enablement, has further bolstered their value proposition for L&A insurers."
DXC provides life and annuity customers with end-to-end, digital-ready solutions that transform and streamline insurance processes, enabling speed to market and enhance the customer experience. Additionally, DXC enables insurers to scale with cloud, drive innovation with AI and secure critical systems. With a focus on modernization, DXC has solutions that accelerate the transformation journey to digital innovation.
Leveraging the expertise of more than 40 years of innovation, DXC has more than 1,000 customers in the insurance industry and have processed more than 1 billion policies using DXC solutions. 21 of the world's top 25 insurers rely on DXC to deliver solutions that allow them to solve essential business challenges and stay focused on delivering mission-critical work.
"We are honored to be recognized for our global life and annuity market leadership," said Ray August, Managing Director, Insurance Software & BPS. "We are fortunate to work with some of the world's largest insurers and are committed to meeting our customers where they are on their digital transformation journeys. We will continue to drive innovation that transforms the insurance industry."
An excerpt of Everest Group's report is available to view here.
Forward Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
DXC Technology Ranked Top Life & Annuity Insurance Technology Provider by Everest Group
SHANGHAI, Nov. 14, 2024 /PRNewswire/ -- On November 5-10, the 7th China International Import Expo (CIIE) was grandly inaugurated at the National Exhibition and Convention Center (NECC) Shanghai. Specializing in high-end commercial passenger Electric Vertical Take-Off and Landing (eVTOL), VOLANT made its debut at the CIIE in collaboration with ESSENCE VALUE LIMITED. Within the Future Mobility zone of the Automobile Exhibition Area, VOLANT presented the "new quality productive forces" embodied by eVTOL, showcasing how these cutting-edge innovations provide new options for future transportation and elevate the overall travel experience for individuals.
VOLANT VE25-100 Offers Versatile Configurations, Covering Six Major Air Travel Scenarios
VOLANT's first product, the VE25-100, is designed to accommodate one pilot and five passengers, boasting a maximum cruise speed of 235 km/h and a range of 200 to 400 km. Currently, it holds the distinction of being the passenger eVTOL with the largest takeoff weight and the most spacious cabin available globally.
Making its debut at the CIIE, the VOLANT VE25-100 showcases a full-scale 1:1 cabin model. The cabin interior boasts a height of 1,350 mm, with a seat pitch of 1,250 mm between rows and a seat width of 660 mm, providing ample legroom and movement space for every passenger. A specially designed infant basket is included in the rear seating area, offering added convenience for families traveling with children. The oversized glass cabin provides excellent visibility, allowing passengers to enjoy stunning views throughout their journey. The cabin lighting system, meticulously designed with LED technology, offers low power consumption, high brightness, and a wide range of colors, enhancing the overall travel experience. Additionally, the VE25-100 features a flexible 6-seat cabin layout that can be easily reconfigured to suit different usage scenarios, whether for business travel, family trips, or sightseeing flights. The seats and interior are crafted from Tapis, a premium eco-friendly material known for its softness, smoothness, breathability, and excellent durability and stain resistance, ensuring a comfortable and healthy traveling environment.
In addition to its comfortable high-end commercial passenger transport capabilities, the VE25-100 is highly versatile. It can accommodate a two-meter stretcher and load aviation-grade containers, making it multi-functional. The aircraft can seamlessly transition between three configurations for passenger transport, emergency rescue, and cargo transport, effectively covering six major scenarios: low-altitude sightseeing, short-haul transportation, urban travel, emergency rescue, aviation cargo, and private travel.
Furthermore, VOLANT's eVTOL flight simulator has garnered significant attention. Unlike the control methods employed in traditional multi-rotor and fixed-wing aircraft, the VE25-100 eVTOL utilizes an innovative control philosophy known as Simplified Vehicle Operations (SVO). This approach allows pilots to manage the entire flight state using a single set of control inputs, significantly reducing the complexity of flight tasks and greatly enhancing flight safety. As a result, pilots can achieve a truly safe and effortless flying experience, while passengers enjoy a highly efficient and comfortable journey.
Efficient R&D Process Leads the eVTOL Industry
VOLANT's core team comprises experts from world-class aviation companies such as COMAC, Airbus, GE, and Honeywell, bringing extensive experience in civil aircraft R&D, airworthiness certification, and commercialization. Key members have been deeply involved in the research, certification, and commercialization processes of nine passenger aircraft models, including the COMAC ARJ21/C919/C929, AVIC XCAC MA700, Jiaolong, Bombardier CSeries from Canada, and Diamond DA40/DA42 from Austria. Together, they boast over 400 years of model-specific experience, establishing one of the most formidable and comprehensive development teams in the world.
Meanwhile, VOLANT has mastered a wide range of key technologies in eVTOL design and R&D, including fuselage structure design and strength assessment, aerodynamic layout and fluid simulation, flight control law development and validation, redundant system development and safety evaluation, electric propulsion system redundancy design, and thermal design of energy and power systems. Additionally, the company has 10 designated representatives from the Civil Aviation Administration of China (CAAC), ensuring a thorough understanding of the eVTOL airworthiness certification process.
Since its establishment on June 1, 2021, VOLANT has maintained world-leading levels in R&D progress, development efficiency, and capital utilization. In August 2022, its technological demonstrator X1 was successfully rolled out and completed its first round of flight tests in January 2023. In September 2023, the VE25-100 passenger eVTOL formally entered the type certification process, becoming the first passenger eVTOL project accepted by the CAAC East China Regional Administration. On October 23, 2024, the initial review meeting for the VE25-100 type certification was successfully held, marking the entry into the substantive phase of airworthiness certification.
VOLANT has been highly favored in the capital markets in the first half of the year. The company has successively received investments from renowned investors such as Shunwei Capital, Future Capital, CDH Investments, Legend Capital, Shougang Fund, Jingguorui, Huaqiang Capital, QF Capital, Ventech, Qingsong Fund, Welight Capital, Jadex Capital, Nanshan SEI Investment, and Dunhong Capital. In 2024 alone, VOLANT has secured five rounds of financing, making it the company with the most funding rounds in both the Chinese low-altitude economy sector and the hard technology sector. VOLANT is recognized as a Shanghai Foreign-funded R&D Center and has won the Super Award at the World Future Industries Competition. "At this CIIE, we have signed new agreements with a total value of up to RMB 3 billion, which add a unique low-altitude dimension to the expo." Said Mcfly Huang, Partner and Senior Vice President of VOLANT.
eVTOLs offer a tenfold improvement in safety and efficiency, significantly reducing general aviation operating costs to just one-tenth of their original levels. They represent the most advanced and competitive new quality productive forces in the low-altitude economy sector and are seen as the "key variable to unlock the maximum growth in the low-altitude economy". The 7th CIIE, themed "New Era, Shared Future", features over 3,000 enterprises from more than 100 countries and regions. For the first time, a "Future Mobility" zone has been established, which will undoubtedly create comprehensive and innovative opportunities for the development of the eVTOL industry. As a world-leading technology company dedicated to providing sustainable solutions for Advanced Air Mobility (AAM), VOLANT is committed to enhancing travel experiences and making the world more efficient. We strive to deliver safe, green, efficient, and commercially viable high-end passenger eVTOLs for everyone. Together with industry peers, we will usher in the era of air mobility!
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
VOLANT AEROTECH Makes Debut at CIIE, Bringing Air Mobility Within Reach
