ValueMomentum : Positioning P & C clients for the digital age
ValueMomentum : Positioning P & C clients for the digital age
Jim Carlucci , EVP , Insurance Business Unit , discusses ValueMomentum ’ s approach as IT service providers and the partnership with Pekin Insurance
Founded in 2000 , ValueMomentum serves 10 of the top 25 P & C insurance groups and over 75 P & C ( property and casuality ) insurers in the US , placing them in the top 10 IT service providers in this segment . Since its inception , the company has grown organically to nearly 5,000 associates in 2022 .
“ We support our insurance customers in their ongoing journeys to transform their technology from product-centricity to customer-centricity , achieving segmentation strategies , and in forming or participating in ecosystems that protect their target segments from operational risk in addition to financial risk . While supporting their growth initiatives , we help build their enterprise digital platforms with modern core , personalised experiences , modern data platforms , intelligent automation and infusing speed and agility in their IT ,” says Jim Carlucci , Executive Vice President of the insurance business unit .
“ We relentlessly focus on customer needs and success above all else , endeavouring to add value to every initiative with relevant skills , experience and advice , which we leverage from our experiences of hundreds of engagements with insurers .
Focusing exclusively on the needs of insurers , we ’ ve achieved higher reuse and utilisation of our knowledge , skills , and assets ,” he adds .
Major partnership with Pekin Insurance
ValueMomentum ’ s relationship with Pekin started in 2015 , at the start of Pekin ’ s comprehensive transformation journey .
“ We ’ ve worked with them on numerous initiatives involving digital , data , and core modernisation . As one of our critical customers , we ’ re very proud to have them , and serve as a strategic IT partner , not just an execution partner .”
As Pekin expands into new geographies , ValueMomentum will continue to facilitate Pekin ’ s upgrading of core platforms and systems to the cloud .
“ We ’ re fortunate to execute against a cohesive strategy , positioning them for the digital age , achieving product specialisation , speed , and agility , and the support of their customers alongside ongoing growth ,” says Carlucci .