TCS is a Leader in Insurance IT AO: Everest Group

Tata Consultancy Services (TCS) has announced that it has been rated as a Leader in Insurance IT Application Outsourcing (AO) by the Everest Group. Everest Group's PEAK Matrix, published in the October 2012 also recognized TCS as a "2012 Insurance AO Market Star Performer" - a distinction that is awarded to providers with the strongest year-on-year forward movement in market success and capability advancements.

 

Among the attributes that garnered TCS the honor are the company’s sharp focus and investments into the Insurance vertical, the large and growing numbers of active global Insurance clients, and TCS’ customized and innovative products and solutions for the insurance industry that support all the insurance line of businesses (LoBs) across all AO functions.  

 

“We are delighted to receive the Leader and Market Star Performer Rating from Everest Group, this reaffirms our position as the leader in providing domain led large transformational services to the global insurance industry,” said Suresh Muthuswami, President, Insurance and Healthcare for TCS.

 

“As Insurers across the globe look at leveraging technology and outsourcing to support their key business priorities and adopt a more result-oriented approach, TCS continued to build on its strengths through investments in domain capabilities,” said Jimit Arora, Vice President, Everest Group.

 

In this report, Everest Group analyzed the capabilities of 20 leading AO service providers specific to the global insurance sector. These providers were mapped on Everest Group’s Performance | Experience | Ability | Knowledge.