TATA TATA Sons : TCS recognised as a leader in insurance IT services by Everest Group for sixth consecutive year

January 30, 2017

New York | Mumbai: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced today that it has been recognized as a Leader for the sixth consecutive year in Everest Group's report, IT Outsourcing in Global Insurance - Service Provider Landscape PEAK Matrix™ 2016.

In recognizing TCS' absolute leadership, Everest highlights TCS' established credibility for domain knowledge, agility across global client engagements and delivery scale. Everest also cites TCS' comprehensive portfolio comprising domain-focused integrated platforms and targeted accelerators as key strengths and reasons for its continued leadership position.

Everest Group examined the service provider landscape for large, annuity-based, multi service providers and mapped them on Everest Group's Performance, Experience, Ability, and Knowledge (PEAK) Matrix, a composite range of distinct metrics that measures each provider's capability and market success.

'The insurance industry is at an inflection point, where technology disruption and new business models are fundamentally reshaping the current landscape,' said Jimit Arora, partner, Everest Group. 'Breadth and depth of its portfolio of insurance-specific offerings, investments in digital capabilities, and success with insurers across all major lines-of-businesses helped TCS strengthen its position as a Leader on the 2016 Everest Group Insurance AO PEAK Matrix.'

'We are committed to providing services and insights to support our customers' digital evolution and innovation objectives, and to share with them our deep expertise and investment in next-generation technologies,' said Suresh Muthuswami, president and global head, Insurance, TCS. 'Acknowledgement by the Everest Group for these achievements is a testament to our consistent endeavor to provide concrete and transformative value to all of our clients.'