NEW YORK and MUMBAI, India, Jan. 30, 2017 /PRNewswire/ -- 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, at 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."
About TCS Insurance
With more than four decades of experience in working with insurers globally, TCS develops solutions and services to help insurers meet rising customer and agent expectations, address non-traditional competitors, manage low investment yields, and drive growth in emerging global markets. TCS enables insurers to transform, enhance business agility, improve operational efficiencies, and increase customer engagement, while ensuring regulatory compliance. We leverage the combined expertise of our industry-trained and LOMA- LIMRA-, CPCU-certified consultants to support the entire value chain for Life, Annuities and Pensions, Property and Casualty, Health, Commercial, and Reinsurance companies.
For more information about TCS' Insurance Business Unit, visit us at www.tcs.com/industries/insurance.
About Tata Consultancy Services Ltd (TCS):
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 378,000 of the world's best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services