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Everest Group PEAK Matrix Positions TCS as a Leader in Insurance Business Process Outsourcing



  Everest Group PEAK Matrix Positions TCS as a Leader in Insurance Business
                             Process Outsourcing

Report cites TCS' Scale and Technology Capability as the Source of its Market
Success

PR Newswire

MUMBAI, India, Jan. 17, 2013

MUMBAI, India, Jan. 17, 2013 /PRNewswire/-- Tata Consultancy Services (TCS),
(BSE: 532540, NSE: TCS) a leading IT services, consulting and business
solutions organization, announced today that it has been designated as a
Leader in Insurance BPO in the Everest Group report 'A PEAK into the Leaders,
Major Contenders and Emerging Players of Insurance BPO'. Among the attributes
that earned TCS the prominent position are its Market Success, Scale, and its
strong technology capability characterized by TCS BaNCS Suite of platforms for
Insurance.

In this report, Everest Group analyzed the position of 10 service providers on
the Everest Group Performance | Experience | Ability | Knowledge (PEAK) Matrix
for Insurance BPO. The PEAK Matrix is a framework to assess the absolute
market success and overall capability of service providers. These service
providers are divided into three categories, Leaders, Major Contenders, and
Emerging Players, based on market success and delivery capability.

"Beyond cost, effective technology and platform leverage, domain expertise,
ability to delivery judgment oriented processes, and a balanced shoring
delivery model are emerging as winning themes in the Insurance BPO market
place. TCS' demonstrated capability across several of these attributes helped
it achieve the recognition," said Rajesh Ranjan, Vice President, Everest
Group.

"TCS's experience and expertise in delivering complex insurance business
processes, risk & actuarial work and its BaNCS Insurance platform has helped
TCS win and deliver some of the largest and most complex business process
transformation deals in the Insurance industry. Customer's across all the
insurance segments & geographies continue to see significant improvements in
efficiencies & effectiveness as they leverage TCS BPO Services.  We are thus
pleased to see Everest Group's ranking which recognizes the success of our
approach,"  said Abid Ali Z Neemuchwala, Global Head, BPO Services.

TCS has over three decades of experience partnering with over 90 regional and
global insurers to achieve improved operational efficiencies, reduced costs
and customer / partner satisfaction.  TCS services span all insurance segments
- Life, Healthcare, Property and Casualty (General Insurance) as well as
Annuities, Pensions & Retirement and span the complete life-cycle.  TCS' FORE™
transformation methodology, the TCS BaNCS suite of platform solutions and its
Global Network Delivery Model GNDM™ enables TCS to be a strategic and
proactive growth enabler for its Insurance customers.

About TCS BPO

Business Process Services (BPO) at TCS is about managing and executing
business operations. Our domain expertise helps deliver core business
processing across industries, analytics & insights and support processes such
as accounting, HR and supply chain management. TCS partners with customers to
accelerate co-transformation, and generates business value for customers
through delivery excellence, risk management and through innovative models
such as Platform BPO which delivers process as a service. With over $ 1.1 B in
BPO revenues and 40,000+ employees across 11 countries delivering services to
over 200+ customers, TCS is one of the leading Global Domain based BPO
providers.

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, BPO, 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 263,000 of the world's
best-trained consultants in 42 countries. The company generated consolidated
revenues of US $10.17 billion for year ended March 31, 2012 and is listed on
the National Stock Exchange and Bombay Stock Exchange in India. For more
information, visit us at www.tcs.com.

Follow TCS on Twitter.

Subscribe to an RSS Feed of TCS Press Releases.

 

SOURCE Tata Consultancy Services

Website: http://www.tcs.com
Contact: Global, pradipta.bagchi@tcs.com, +91 22 6778 9999, or India,
ashish.babu@tcs.com, + 91 22 6778 9077, or APAC, sean.davidson@tcs.com, +65
9139 3668, or USA/Canada, m.mccabe@tcs.com, +1-646-313-4594, or Europe/UK,
abhinav.kumar@tcs.com, +32 2282 1927
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