TCS enabling digital transformation of Zurich Insurance Germany's business

21 Sep 2022 , 01:29 PM

Tata Consultancy Services (TCS) and Zurich Insurance Germany (Zurich) have expanded their agreement, making TCS the exclusive strategic IT partner for Zurich’s life insurance IT environment.

The company has been a Zurich Insurance Germany partner since 2016, collaborating on important business initiatives in general insurance, customer and sales, and life legacy portfolios.

It will assist the insurer in modernising, transforming, and managing the entire application estate supporting its life insurance business; improving and standardising IT and business processes; accelerating cloud and digital adoption; and driving technical and domain innovation at scale through the expanded strategic partnership.

TCS will also use its innovation centres and expertise to assist Zurich in rapidly scaling its innovation activities and launching new digital services and products. It will assist Zurich in adopting a new IT operating model based on DevSecOps and automation. This will allow the insurer to bring innovations to market more quickly and improve the digital client journey.

The company will also collaborate closely with Zurich IT in joint agile teams to strengthen internal IT core competencies using TCS’ Talent Transformation methodology.

TCS has been present in Germany since 1991 and today works with over 100 top German firms on their development and transformation journeys, including 23 of the DAX40.

At around 1.34 PM, TCS was trading at Rs3,010.50 apiece, down by 1.02% from its previous closing of Rs3,041.40 on the BSE. The scrip touched intraday high and low of Rs3,040.80 and Rs3,006.50 respectively.

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