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    TCS is here to make a difference through technology.

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      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
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    What we do
    • Overview Press tab for submenu items

      TCS is here to make a difference through technology.

      Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.

      Discover all solutions
    • Industries
      • Banking
      • Capital Markets
      • Consumer Packaged Goods and Distribution
      • Communications, Media, and Information Services
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      • ignio™
      • TCS iON™
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      • TCS Intelligent Urban Exchange™
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  • Who we are
    • Overview Press tab for submenu items

      We’re in it for good, driving positive change for the benefit of all.

      Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.

      Discover the difference
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      Extraordinary expertise leads to remarkable results.

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    • Overview Press tab for submenu items

      Want to be a global change-maker? Join our team.

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      Join us
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      Find the latest news about TCS in our Newsroom

      Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.

      Discover more
    • Press releases

      Recent Press releases

      15 May 2025 TCS Recognized as One of the World’s Top 50 Brands by Kantar BrandZ; Brand Value Soars 28% YoY to $57.3Bn
      14 May 2025 TCS Partners with Khan Bank to Future-Proof its Operations, Enhance Customer Experience and Propel Innovation leveraging AI and ML
      12 May 2025 TCS Partners with Dhofar Insurance Company to Transform its Core Insurance Platform
      View all
    • News alerts

      Recent News

      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      01 Apr 2025 TCS Unveils the TCS Digital Twindex Report for Future-Ready Manufacturing
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
    • Events

      Upcoming events

      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      02 Jun 2025 Siemens Realize LIVE: Discussing Technology and Digital Transformation
      View all
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      TCS works hand in hand with world-leading investors.

      Tata Consultancy Services Limited
      NSE:TCS
      INR
      Discover more FY24-25 debrief
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    TCS Worldwide
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    • Insurance / Offering

    Cyber Insurance Suite

     

    Share TCS Cyber Insurance Suite: Underwrite Risks During COVID-19
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    Industry

    Insurance This will open an overlay

    Reinventing the Insurance Industry with a Digital-first Strategy

    TCS’ solutions, powered by AI and automation technologies, help leverage partner ecosystems and drive innovation in insurance for business agility and growth.
    Learn More
     about Reinventing the Insurance Industry with a Digital-first Strategy
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    Related Insights
    TCS BaNCS™ for Life Insurance and Pension
    Learn how our digital-first, cloud-based solution helps life insurers and pension providers achieve efficiency and enrich end-user journeys.
    Solution
    29 Apr 2025
    Technology Trends Shaping the Future of Insurance in 2025 and Beyond
    From AI imperatives to human-machine synergy, explore the technology trends across the insurance value chain that are shaping the future of the industry.
    Blog
    27 Feb 2025
    Insurance Repository
    Quartz for Insurance Repository maintains digitized insurance policies, enabling insurers, policy holders, agents, and banks to connect in a blockchain-based ecosystem
    Solution
    10 Jan 2025

    Enabling insurers to adopt a data-driven and automated approach to underwrite cyber risks

    CHALLENGE

    The COVID-19 pandemic has accelerated digital transformation initiatives of organizations across industries. As businesses make the shift to online, there is a greater fear of cyberattacks and higher exposure to cyber risk. 

    The current situation therefore provides an opportunity for both insurers and brokers  to dive deeper into the cyber insurance market. Currently, the cyber insurance penetration is still low worldwide and there is a huge opportunity in the small business segment. According to a Hiscox report, which tracks the global cyber insurance trends, only 21% of US companies with less than 250 employees have cyber insurance. With the increase in cyber risks during COVID-19 driving the demand for cyber insurance, insurers must look at developing and expanding their cyber insurance business.  

    TCS SOLUTION

    Insurers and brokers will need to look at opportunities and challenges alike to enhance their cyber insurance underwriting capabilities and improve customer experience. Adopting the right technologies and capabilities can help them  achieve this more effectively. TCS offers a suite of cyber insurance services and solutions to help:

    a) Alleviate the immediate risk induced by COVID-19 for cyber policies

    b) Underwrite cyber risks based on realistic insights from automated assessments

    c) revent and protect insured entities from evolving cyber risks through technology driven interventions

    BENEFITS

    With TCS’ suite of cyber insurance services and solutions, insurance firms can focus on insight-driven risk selection, pricing, and risk management. Key benefits include:

    • Drive business growth: Make a foray into new customer segments, revenue lines, and business models supported by ecosystem thinking and solutions
    • Minimize risk exposure: Effectively determine and mitigate silent cyber exposure; systemically reduce accumulation risks
    • Improve customer experience: Improve net promoter score by continual engagement and value-added assistance throughout the policy term

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