Multi-year agreement will transform the insurer's
applications to enhance the digital experience of its customers and
partners in Germany
TEANECK, N.J., July 7, 2022 /PRNewswire/ -- Cognizant today
announced that it has extended its relationship with Zurich
Beteiligungs-AG, the German subsidiary of global insurance leader
Zurich Insurance Group (Zurich),
to help Zurich Germany deliver more digital services offerings to
its clients and partners. As part of the new multi-year agreement,
Cognizant will work closely with Zurich Germany to simplify,
modernize, and manage and maintain the insurer's enterprise
application landscape in the General Insurance domain. The
partnership will establish joint DevOps teams and is designed to
extend Zurich Germany's artificial intelligence (AI), data,
software engineering and cloud capabilities.
By bringing together Zurich Germany's applications in its
General Insurance domain under the joint management of inhouse IT
and Cognizant as key strategic IT services provider, Zurich Germany
is expected to reduce the total cost of ownership, speed up the
time to market of new digital services and products, and lay the
foundation for further digital and agile enablement of
"Zurich is on an ongoing
journey of 'accelerated digital evolution' to meet the rapidly
changing needs of our customers and partners and creating a more
intimate connection with them. Cognizant has proven itself as a
knowledgeable and reliable strategic partner, and we look forward
to further capitalizing on its industry expertise to help us
advance our digital transformation," said Jens Becker, chief information officer, Zurich
The new agreement builds on and significantly expands the two
companies' existing agreement, under which Cognizant successfully
implemented and manage and maintain Zurich's General Insurance products on
"Innovative, forward-thinking clients like Zurich understand the importance of
collaborating with a strategic IT partner to help them achieve
their digital transformation and meet their business objectives,"
said Dr. Rolf Werner, head of
Germany, Austria and Switzerland, Cognizant. "Cognizant is pleased
to have been selected by Zurich to
expand our successful collaboration, and we will apply our deep
expertise in application modernization, development and
maintenance, along with our in-depth knowledge of the insurance
industry, to deliver even more value and help Zurich meet its customers' needs."
About Zurich Group Germany
Zurich Group Germany is part of the worldwide operating Zurich
Insurance Group. With a premium income (2021) of about EUR 6.3 bn, investments of EUR 53 bn and about 4,500 employees, it is among
the leading insurers in Germany
with a wide range of property and life insurance products.
Zurich offers innovative, powerful
and sustainable products and solutions for insurance, prevention
and risk management from a single source. Reflecting its purpose to
'create a brighter future together', Zurich aspires to be one of the most
responsible and impactful businesses in the world.
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help
our clients modernize technology, reimagine processes and transform
experiences so they can stay ahead in our fast-changing world.
Together, we're improving everyday life. See how at
www.cognizant.com or @cognizant.
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