tata consultancy providers tcs helps zurich insurance coverage germany digitally remodel its life insurance coverage enterprise

Tata Consultancy Providers to Modernize Zurich Insurance coverage Germany’s IT and Enterprise Panorama to Streamline the Buyer Journey, Improve Buyer Expertise, Innovate at Scale and Drive Progress

FRANKFURT | MUMBAI, September 21, 2022: Tata Consultancy Providers (TCS) BSE: 532540, NSE: TCS) and Zurich Insurance coverage Germany (Zurich) have expanded their partnership, making TCS the unique strategic IT associate for the latter’s life insurance coverage IT panorama.

TCS has been a associate to Zurich Insurance coverage Germany since 2016 and has been working intently to ship key enterprise initiatives usually insurance coverage, buyer and gross sales, and life legacy portfolios. With the expanded strategic partnership, TCS will assist the insurer modernize, rework and handle the whole software property supporting its life insurance coverage enterprise; enhance, and standardize IT and enterprise processes; speed up cloud and digital adoption; and drive technical and area innovation at scale.

Leveraging its deep contextual information of Zurich’s IT and enterprise panorama and huge expertise in main innovation-led enterprise transformations, TCS will assist the insurer streamline the shopper journey via digitalization and course of simplification, improve buyer expertise, and increase using the bancassurance channel. TCS may also leverage its innovation facilities and capabilities to assist Zurich scale its innovation efforts at pace and launch new digital providers and merchandise.

TCS will assist Zurich embrace a brand new IT working mannequin, leveraging DevSecOps and automation. This may allow the insurer to convey improvements quicker to market, and improve the digital buyer journey. TCS may also work intently with Zurich IT in joint agile groups to construct a stronger inner IT core competency by leveraging TCS’ Expertise Transformation framework.

“Zurich is on a metamorphosis journey – an “accelerated evolution” – with the intention of bettering our digital capabilities, accelerating the event of recent options and thus modernizing the IT panorama. We’re creating a powerful new basis that can assist us preserve our development trajectory whereas specializing in buyer expertise,” stated Jens Becker, CIO, Zurich Group Germany. As a consequence of their wonderful supply competence, sturdy buyer orientation and technical experience, we now have been working efficiently with TCS for a number of years, and are actually constructing this right into a strategic partnership, choosing TCS because the unique associate for the life insurance coverage area.

“We’re delighted to increase our partnership with Zurich Insurance coverage Germany to drive their digitalization and transformation agenda. Given TCS’ deep expertise within the insurance coverage business, sturdy expertise pool, and innovation hubs corresponding to TCS Tempo Port™, we’re uniquely positioned to assist Zurich Insurance coverage Germany of their development and transformation journey and improve their aggressive differentiation to grow to be a market chief,” stated Uma Rijhwani, Enterprise Unit Head, Banking, Monetary Providers, and Insurance coverage – Central Europe, TCS.

Current in Germany since 1991, TCS at present companions with over 100 main German firms of their development and transformation journeys, together with 23 of the inventory index DAX40. TCS has been persistently ranked primary for buyer satisfaction in an unbiased survey of CxOs at high IT spending European organizations by Whitelane Analysis.

About Zurich Group Germany

The Zurich Group in Germany is a part of the worldwide Zurich Insurance coverage Group. With premium revenue (2021) of over EUR 6.3 billion, investments of greater than EUR 53 billion and round 4,500 workers, Zurich is likely one of the main insurance coverage corporations in Germany.

Zurich provides progressive, environment friendly, and sustainable options and providers for insurance coverage, pensions and threat administration from a single supply. In step with the purpose of “shaping a greater future collectively”, Zurich strives to be one of the accountable and impactful corporations on this planet.

About Tata Consultancy Providers (TCS)

Tata Consultancy Providers is an IT providers, consulting and enterprise options group that has been partnering with lots of the world’s largest companies of their transformation journeys for over 50 years. TCS provides a consulting-led, cognitive powered, built-in portfolio of enterprise, know-how and engineering providers and options. That is delivered via its distinctive Location Impartial Agile™ supply mannequin, acknowledged as a benchmark of excellence in software program improvement.

Part of the Tata group, India’s largest multinational enterprise group, TCS has over 606,000 of the world’s best-trained consultants in 55 international locations. The corporate generated consolidated revenues of US $25.7 billion within the fiscal yr ended March 31, 2022, and is listed on the BSE (previously Bombay Inventory Change) and the NSE (Nationwide Inventory Change) in India. TCS’ proactive stance on local weather change and award-winning work with communities internationally have earned it a spot in main sustainability indices such because the MSCI International Sustainability Index and the FTSE4Good Rising Index.

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