TCS gets recognition for property & casualty insurance application

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix@ for Property and Casualty (P&C) Insurance Application and Digital Services.

In an assessment of 22 global service providers offering P&C insurance application and digital services, TCS was placed at the highest for vision and capability. TCS invested in creating a comprehensive partner ecosystem that helped in steering a joint go-to-market strategy for insurance customers. Cited as key strength is the company's strong market messaging, vision around connected insurance and multiple point solutions leveraging IoT in the areas of driving behavior monitoring, connected home and sensor-based risk intelligence.

The report notes that TCS has demonstrated a strong success proof point in assisting P&C insurers around channel innovation and enhancing customer experience. According to the report, customers appreciate its large pool of skilled resources across multiple technologies, deep domain expertise and ability to serve them as a strategic partner.

The stock of the company closed at 2000.95, down by 4.89 per cent . The intraday high is Rs 2080 and intraday low is Rs 1990. The 52-week high is Rs 2296 and 52-week low is Rs 1929 on BSE.