Cognizant wins multi-year IT deal from Insurer AXA

CIOTechOutlook Team | Friday, 05 August 2022, 03:20 IST

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Software provider Cognizant said it won a multi-year IT services deal from multinational Insurer AXA UK & Ireland, a digital win for the company amid lowering quarterly bookings last quarter.

AXA is looking at a more digitally enabled technology ecosystem with a focus on overall costs, and Cognizant will provide a wide range of IT services from service desk support to app development to IT infrastructure management.

"AXA UK & Ireland's priority is providing customers with the choice and flexibility that meets their insurance needs. The foundation to deliver that is a modern, digital IT infrastructure that enables us to make data-driven business decisions," said Shali Vasudeva, chief operating officer, AXA UK & Ireland. "Cognizant's track record, expertise and behaviors in helping organizations simplify delivery and manage IT environments were the primary factors in choosing them as a technology partner."

Digitally enabled IT helps deliver better customer experience and cuts overall cost, Rob Walker, President for Global Growth Markets for Cognizant. Cognizant's banking and financial services business accounts for a little under a third of its $4.9 billion second quarter revenue, according to the company's earnings release. India CMD Rajesh Nambiar had said Cognizant would strive to maintain the growth rate in the vertical amid a pivot towards bagging more digital businesses.


 

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