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    TCS is here to make a difference through technology.

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      We deliver excellence and create value for customers and communities.

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      05 May 2025 Jazeera Airways Partners with Tata Consultancy Services to Power AI-led Transformation, Reimagine Digital Customer Experience
      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      View all
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      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
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      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
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    TCS Recognized as a Leader and Star Performer in Insurance IT Application Services by Everest Group

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    TCS' Established Credibility for Domain Understanding, Execution Experience in Large-Scale Engagements and Consistency across Deliverables, Cited as Strengths

    MUMBAI, September 5, 2018: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has been recognized as a Leader and Star Performer in the Everest Group PEAK Matrix™ for Insurance Application Services.[1]

    In an assessment of 24 global service providers offering insurance IT services, TCS was positioned highest for market impact and vision and capability, and was also named a Star Performer for having a top quartile year-on-year improvement in scores.

    The strengths highlighted in the report include, TCS' comprehensive portfolio of domain-focused point solutions, integrated platforms, and targeted accelerators, and its strong uptick in digital projects and ability to scale pilots into programs. The report mentioned that TCS dominated the headlines with large-scale insurance deals in 2017-2018. The company’s investments in solutions/accelerators, partnerships, and enhanced engagement with startups through its Co-innovation Network (COIN™) are highlighted as distinguishing features.

    “Insurance carriers are embarking on a Business 4.0™ journey to transform their business models by adopting agile at scale, and embracing cloud and automation,” said K Krithivasan, Executive Vice President and Global Head, Banking, Financial Services and Insurance, TCS. “Our positioning as a Leader in an independent third party assessment, for the eighth consecutive year, is a validation of our investments in innovation, differentiated capabilities across the insurance value-chain, and the resultant market success.”

    TCS has been working with top insurers across the world, providing solutions and digital transformation services that address business challenges such as modest premium growth, rising customer and agent expectations, rising costs to serve customers, new risks such as cyber security, legacy system maintenance, increasing costs of regulatory compliance, and the rise of non-traditional competitors.

    TCS’ industry-trained and LOMA, LIMRA, and CPCU-certified domain experts, work with technology teams from the various digital practices to create innovative operating models across the value chain for life insurance, pension and annuity, personal lines insurance, commercial lines insurance, health insurance, and reinsurance and broking companies. The company helps insurers in their digital transformation journeys by innovating their customer engagement models, business processes, business models and helping them drive superior business results in the form of increased customer centricity, revenue growth and efficiency. 

    TCS has developed a wide range of next generation digital solutions for insurers, such as an AI-based insurance advisor bot, an analytics-based digital insurance hub, a digital app synthesizer, IoT-based connected auto and home solutions, drone-based intelligent remote risk and claims inspection system, and a Big Data-based Customer 720 Solution.

    “As insurers are re-thinking their business philosophy and transitioning from an ‘insuring loss’ to an ‘ensuring protection’ mindset, service providers are looking to expand their product offerings and provide a frictionless experience to end-customers by modernizing the core and adopting digital enablement technologies,” said Ronak Doshi, Practice Director, Everest Group. “Deep domain expertise, a global delivery presence, execution experience across large-scale engagements, and investments in its Business 4.0™ framework has helped TCS strengthen its value proposition and position it as a Star Performer and Leader on the 2018 Everest Group Insurance Application Services PEAK Matrix™.”

    “Through our customer-centric structure and mindset, which facilitate a strong understanding of the insurance business and contextual knowledge, and the investments we have made in building intellectual property and scale in emerging technologies, we are helping insurers adapt to changing market dynamics and deliver a superior customer experience,” added K Krithivasan.

    [1] Everest Group Insurance Application Services: Digital Enablement Spend Fuels Market Growth - Services PEAK Matrix™ Assessment 2018, Everest Group, June 2018

    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 400,000 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

    Asia Pacific

    Email: Sean.davidson@tcs.com

    Phone: +65 9139 3668

    Australia and New Zealand

    Email: Darren.rudd@tcs.com

    Phone: +61 488 403 013

    Benelux

    Email: Joost.galema@tcs.com

    Phone: +31 615 903387

    Central Europe

    Email: anke.maibach@tcs.com

    Phone: +49 172 6615789

    Europe

    Email: ashish.babu@tcs.com

    Phone: +31 611 531246

    India

    Email: arushie.sinha@tcs.com  | shamala.p@tcs.com

    Phone: +91 22 6778 9960 | +91 22 6778 9081

    Japan

    Email: douglas.foote@tcs.com

    Phone: +81 80 2115 0989

    Latin America

    Email: martin.karich@tcs.com

    Phone: +569 6170 9013

    Nordics

    Email: mattias.afgeijerstam@tcs.com

    Phone: +46723989188

    UK

    Email: peter.devery@tcs.com

    Phone: +44 20 3155 2421

    USA/Canada

    Email: b.trounson@tcs.com

    Phone: +1 646 313 4594

     

     

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