Source Name: Tata Consultancy Services Ltd.

TCS Recognized as a Leader in Insurance IT Services for Fifth Consecutive Year by Everest Group

Apr 25, 2016   16:59 PM 
New York | Mumbai, Maharashtra, India

Tata Consultancy Services, (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been recognized as a Leader for the fifth consecutive year in Everest Group’s report, “IT Outsourcing in Insurance – Service Provider Landscape PEAK Matrix™.”

 

This report examines the service provider landscape for large, multi-year application outsourcing relationships in the global insurance sector. The capabilities of 21 leading AO service providers were analyzed and mapped on Everest Group’s Performance, Experience, Ability, and Knowledge (PEAK) Matrix, a composite range of distinct metrics that measures each provider’s capability and market success.

 

The report highlights TCS’ strong focus on innovation and its use of digital themes to launch targeted solutions; its deep domain expertise; broad portfolio of insurance products, including TCS BaNCS; large client base; and breadth and depth of insurance expertise. TCS was also recognized for its ability to source the right mix and quality of resources, agile delivery models and strong leadership.

 

“As insurers invest in digital technologies in order to launch differentiated products and services, enhance customer experience and contain costs, IT service providers have an immediate opportunity to tailor their offerings with next-generation technologies,” said Jimit Arora, Partner, Everest Group.TCS has demonstrated a strong commitment to advancing digital innovation and has augmented its portfolio with new solutions and accelerators in the areas of predictive analytics, telematics, mobility, and risk assessment, to capitalize on the evolving market needs and strengthen its Leaders position.”

 

TCS has a strong leadership in digital technologies and is dedicated toenabling itscustomersto re-imagine their businesses and drive transformation in new and innovativeways,” said Suresh Muthuswami, President and Global Head, Insurance and Healthcare, TCS. “Acknowledgement by the Everest Group is a testament to our consistent commitment to providetangible and advanced value to all of our clients.”

 

About TCS Insurance

With more than four decades of experience in working with insurers globally, TCS delivers solutions and services to help insurers meet rising customer and agent expectations, address non-traditional competitors, manage low investment yields, and drive growth in emerging global markets. TCS enables insurers to transform, enhance business agility, improve operational efficiencies, and increase customer engagement, while ensuring regulatory compliance. We leverage the combined expertise of our industry trained and LOMA, LIMRA, CPCU certified consultants to support the entire value chain for Life, Annuities and Pensions, Property and Casualty, Health, Commercial, and Reinsurance companies.
 

For more informationabout TCS’ Insurance Business Unit, visit us atwww.tcs.com/insurance.

 

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT servicesconsulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of ITBPS,infrastructureengineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 353,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

 

To stay up-to-date on TCS news in North America, follow @TCS_NA. For TCS global news, follow @TCS_News.

 

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TCS media contacts: 

Global: 

Email: pradipta.bagchi@tcs.com
Phone: +91 22 6778 9999 

 

Europe:

Email:  ashish.babu@tcs.com
Phone: +44 078 418 92227 

 

UK: 

Email:  peter.devery@tcs.com
Phone: +447764 835 773 

 

India:

Email: h.ramachandra@tcs.com | shamala.p@tcs.com
Phone: +91 22 6778 9078 | +91 22 6778 9081 

 

USA / Canada 

Email: b.trounson@tcs.com
Phone: +1 646 313 4594 

 

Asia Pacific:

Email: sean.davidson@tcs.com
Phone: +65 9139 3668 

 

Australia and New Zealand 

Email:alex.goldrick@tcs.com                                       

Phone: +61 (2) 8456 2800 

 

Latin America 

Email:martin.karich@tcs.com
Phone: +569 6170 9013

 

Nordics 

Email: jirimiko.oranen@tcs.com
Phone :  +358 40 756 6655 

 

Japan 

Email:douglas.foote@tcs.com                            
Phone: +81 80-2115-0989