Adacta Featured as Major Contender in Everest's PEAK Matrix® Report Among Low-Code Technology Providers for Insurance

The insurance industry is currently navigating a complex landscape marked by escalating costs and significant underwriting losses. In response, leading insurance organizations are on a quest for agile and scalable modernization solutions to manage technology environments, address talent shortages, and adapt to evolving market dynamics efficiently. Low-code technology has emerged as a vital tool for insurers, enabling rapid application development, seamless integration, and faster time-to-market without the need for extensive transformation efforts.

Everest Group’s PEAK Matrix® Report is an authoritative resource that offers a data-driven, objective assessment of 21 low-code technology providers, helping buyers identify the most suitable providers for their modernization needs. Adacta’s inclusion in this report as a Major Contender highlights its substantial impact on the market and its ability to meet the specific needs of insurance enterprises globally.

Notably, Adacta stands out as the only European Core platform provider featured in the report, demonstrating its unique position and dedication to low-code innovation within the insurance industry. This recognition is a testament to Adacta’s ability to enable rapid value realization from digital investments, offering out-of-the-box integrations with existing technology stacks and facilitating a smoother digital transformation journey for insurers.

Everest Group’s comprehensive analysis, based on its annual RFI process, interactions with leading low-code technology providers, client reference checks, and ongoing market analysis, provides valuable insights into the capabilities and market impact of providers like Adacta. As the insurance sector continues to evolve, Adacta’s proven expertise and innovative approach to low-code solutions position it as a key player in the industry’s modernization efforts. 

Adacta is proud to be recognized in this esteemed report and remains committed to leveraging its low-code platform to support insurers in achieving their digital transformation goals, thereby enhancing the overall experience for customers and stakeholders alike. Want to know more about AdInsure Low-Code Insurance Platform?

About Everest Group

Everest Group is a premier research firm dedicated to integrating research into the practical challenges faced by businesses daily. The firm assists business leaders in confidently addressing the complexities of the current market, promoting enhanced operational and financial outcomes, along with transformative experiences. Everest Group's mission is centered on empowering its members to make more informed decisions.

About Adacta

Adacta is a leading software provider for the insurance industry. Its insurance platform – AdInsure – provides insurance industry organizations a future-proof way to streamline their operations and processes. The mission is simple: Empower tomorrow’s industry leaders to realize their potential through technology. AdInsure comes with client praise and leading research and advisory firms’ acknowledgment by featuring in multiple Gartner, Celent, ISG, and Everest Group reports.