PR96887

TEANECK, N.J., July 7, 2022 /PRNewswire=KYODO JBN/ --

-- Multi-year agreement will transform the insurer's applications to enhance

the digital experience of its customers and partners in Germany

Cognizant (

https://c212.net/c/link/?t=0&l=en&o=3586821-1&h=153170997&u=http%3A%2F%2Fwww.cognizant.com%2F&a=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.

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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 the

enterprise.

"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 Germany.

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 Guidewire.

"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.

About Cognizant

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.

For more information, contact:

U.S.

Jodi Sorensen

jodi.sorensen@cognizant.com

Europe / APAC

Christina Schneider

christina.schneider@cognizant.com

India  

Rashmi Vasisht                        

rashmi.vasisht@cognizant.com

SOURCE: Cognizant