Digital Core Transformation in Insurance

PRESS RELEASE

 

Ageas UK Selects TCS as Strategic Partner for Digital Core Transformation

TCS’ Machine-First™ Approach and Cloud-based Solutions to Help Ageas UK Transform its IT Infrastructure and Operations

LONDON | MUMBAI, April 11, 2019: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, announced that it has entered into an agreement with Ageas UK, one of the UK’s largest insurers and part of the international group headquartered in Brussels, to digitally transform its IT infrastructure and operations to meet changing business priorities and customer expectations.

By leveraging its Machine-First™ Delivery Model (MFDM™), TCS will help Ageas UK to consolidate data centres, manage a 24x7 command centre for IT operations, provide self-service tools for end users, build a digital workplace, and deploy cloud-based solutions.

We want to make insurance easy and straightforward for our customers, which in today’s environment encompasses investing in newer technology, focusing on digital channels and eliminating complexity. TCS’ financial services track record and ability to adapt to the different peaks and troughs of demand caused by transformation projects appealed to us as partners to implement our growing business strategy,” said Mark Collins, CIO, Ageas UK.

Progressive insurers are investing in creating the workplace of the future to support continuous product innovation, reimagine the customer experience, and differentiate themselves in a Business 4.0™ world,” commented Vinay Singhvi, BFSI Business Unit Head – UK, TCS. “We look forward to partnering with Ageas UK in their digital-first transformation journey, leveraging our deep domain expertise, and innovative approach to implementing forward-looking technologies.”

About Ageas UK

Ageas is one of the largest general insurers in the United Kingdom, providing insurance to around five million customers. It offers car and home, travel and small business insurance through brokers, affinity partners and its own brands. Ageas UK holds a majority share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers. Ageas is a wholly owned subsidiary of Ageas Group, which is listed on the Belgium stock exchange.

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 417,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

TCS Media Contacts:

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