Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS) has been positioned as a leader in Everest Group’s PEAK Matrix for Property and Casualty (P&C) Insurance BPS. The report assessed 24 leading global P&C insurance service providers for their vision and capability and market impact. According to the report, TCS’ value proposition for its P&C Insurance BPS business is based on leveraging IT-BPS synergies to deliver outcomes through a Machine First model, which supports automation of business processes using analytics and AI. The report also highlights the double-digit growth TCS witnessed on the back of new contract wins and scope expansion for its existing customers in the US market.

It goes on to say that TCS’ has made several investments in developing solutions that are focused on emerging business models within the insurance space such as usage-based insurance and connected homes and cars. From a value chain perspective, the report says TCS is augmenting its presence in areas of underwriting and claims, through the development of an underwriting workbench framework, a solution for managing end-to end claims, and a fraud detection platform for the home insurance segment.

TCS 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 over 50 years.