Aspire Systems Recognized as 'Major Contender’ in Everest Group's Insurance IT Services Specialists PEAK Matrix® Assessment 2025
Oak Brook, Ill., July 16, 2025 – Aspire Systems, a leading global technology solutions company, has been recognized as a Major Contender in Everest Group's Insurance IT Services Specialists PEAK Matrix® Assessment 2025.
This ranking validates the solution provider’s steady progress and growing influence in the insurance technology services space, it said in a recent announcement.
The Everest Group PEAK Matrix® Assessment evaluates insurers across two critical dimensions: Vision & capability - measuring strategic vision, service delivery capabilities; and innovation and market impact - assessing market adoption, portfolio mix, and value delivered.
As many as 44 Insurance and BFS specialist IT services providers from across the world signed up to be a part of this evaluation.
The PEAK Matrix™ Major Contender Award given to Aspire Systems
Aspire Systems' placement as a ‘Major Contender’ demonstrates its balanced strength in both – innovation aligned with market needs, as well as implementing them for insurers across the globe.
"Aspire Systems has strengthened its position as a digital transformation partner for insurers by focusing on intelligent automation, product engineering, and modular solutions across the insurance value chain,” said Aurindum Mukherjee, Practice Director, Everest Group.
"Its investments in AI-driven use cases for underwriting and claims, pre-built and customizable accelerators for Guidewire and other platforms, and strong data engineering capabilities in cloud-native environments have helped address insurer needs around operational efficiency and flexibility, contributing to its recognition as a ‘Major Contender’ on Everest Group’s Insurance IT Services Specialists PEAK Matrix® Assessment 2025,” added Mukherjee.
For Aspire Systems, this recognition is a reflection of years of commitment and solving real, on-the-ground problems that insurers face. From reducing the manual load in policy administration to enabling faster, more accurate underwriting and claims decisions, Aspire Systems has made it a priority to deliver pre-built accelerators and customizable platforms that strike a balance between innovation and practical value.
"We are honored to be recognized as a ‘Major Contender’ in this year's Everest Group PEAK Matrix™ assessment," said Mahalakshmi Santaram, Associate Vice President, Head of Insurance Vertical at Aspire Systems. " This recognition validates our efforts in advancing the insurance technology services space and our commitment to equipping insurers with innovative, agile IT solutions that help them adapt to changing market conditions,” Santaram added.With this recognition as an added boost, Aspire Systems will now try to further grow its AI-led insurance solutions.
Our aim is to replace the primitive, fundamental blocks of insurance technology with advanced AI-led solutions. AI-led solutions are still surface-level and need to penetrate deeper into the system for us to harness their full potential and for optimum realization of ROI,” Santaram said.
Aspire Systems Insurance Solutions
Aspire Systems delivers comprehensive insurance IT solutions across the entire insurance value chain, from policy administration to claims processing and customer engagement. The company's intelligent automation and AI-driven capabilities help insurers streamline operations, make faster decisions, and improve customer satisfaction. With pre-built accelerators for platforms such as Guidewire, and robust data engineering capabilities in cloud-native environments, Aspire Systems enables insurers in North America and Europe to implement new insurance technology solutions quickly while harnessing data for competitive advantage.
About Everest Group PEAK Matrix® Assessment
The Everest Group PEAK Matrix™ Assessment is a comprehensive evaluation framework that provides an objective analysis of Insurance IT services providers' relative positioning within specific market segments. The group’s rigorous evaluation process is valued by global enterprises of all sizes and is used by them to make informed decisions when selecting technology partners and service providers.
Aspire Systems emerged as a Major Contender in the Everest Group PEAK Matrix™ Assessment of Insurance IT Specialists for 2025
Media Relations Contact:
Bharani Lakshmi J
Aspire Systems
bharanilakshmi.kumar@aspiresys.com