Innoveo, a no-code technology provider for insurance enterprises, has partnered Capgemini to offer new digital transformation solutions to insurance clients across various lines of business.
By combining Innoveo’s innovative platform with Capgemini’s extensive expertise in digital transformation, the collaboration will equip insurers with the tools and guidance needed to expedite their growth.
Through the partnership, both parties aim to offer a comprehensive range of services to customers.
It includes optimised application development, faster digital transformation, improved operational efficiency and domain-specific expertise.
Based in Switzerland, Innoveo offers a full-stack no-code platform to help insurers quickly develop strong and scalable applications without the need for in-depth coding knowledge.
The firm’s full-stack no-code platform will help institutions develop and deploy digital solutions personalised to their specific requirements.
The platform is backed by investors including Everstone Capital and Paulson & Co.
Innoveo chief revenue officer Manisha Bhargava said: “Combining our full-stack no-code platform with Capgemini’s extensive capabilities, our jointly created industry solutions/accelerators and industry innovation lab will provide our clients with much-needed acceleration for their transformation efforts and empowering them to stay ahead in the digital age.”
Capgemini expects to further increase the value of Innoveo’s platform with its deep expertise in consulting, technology, and industry-specific solutions.
Capgemini worldwide insurance alliances head and vice president Kathy Miller said: “Innoveo’s cutting-edge technology solution aligns perfectly with our goal of delivering superior value to our clients, driving innovation, automating manual processes, and unlocking new revenue streams for Insurance Carriers.”
In October 2022, Capgemini signed a share purchase agreement (SPA) to acquire Braincourt, a Germany-based business intelligence and data science services provider, for an undisclosed sum.
Through the acquisition, Capgemini aimed to improve its data and analytics capabilities in Germany and Northern Europe.
