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TCS partners with If P&C Insurance to successfully transition core mainframe applications
Stockholm, 25 March, 2015: Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, today announced the successful transitioning of maintenance and development of If’s mainframe based business critical insurance applications in Norway and Finland. If had selected TCS as a part of its strategy to invest in operational efficiencies and to focus efforts on strategic customer engagement and digital technologies to maintain market leadership.
“We were very satisfied with TCS during the transition,” says Lars Karlsson, Business Area CIO at If. “TCS brought to the table significant insurance domain competence, Nordic market knowledge, and extensive tools and methodologies to enable a seamless transition. They were also able to create extensive documentation and operational handbooks of the mainframe applications in scope.”
Through the partnership, If P&C Insurance has been able to leverage TCS’ strong Nordic insurance domain expertise built up over the past years. Moreover, as a part of the transformation project, several mainframe specialists transitioned to TCS, further strengthening the firm’s Nordic mainframe capabilities. TCS’ expertise in the area brings together 200 mainframe specialists, with the ability to scale operations, at a short notice, by tapping into a global network of over 25,000 mainframe experts at TCS.
Mainframe is used to run supremely critical business applications for organizations, especially in the financial services sector. Nevertheless, many people currently supporting mainframe systems are approaching retirement, leaving an unsustainable skills gap as a large part of the workforce entering the market wants to work on the latest technologies.
“To respond to the growing need, we have set up a Nordic Mainframe Competency Center, the capabilities of which were deployed in the collaboration with If,” says Amit Bajaj, Head of TCS, Northern Europe. “We see our Nordic customers demanding that vendors have the scale and capability to ensure certainty in delivery. Therefore, we are heavily investing in mainframe innovation and local expertise.”
About If
If is the leading property and casualty insurance company in the Nordic region with approximately 3.6 million customers in the Nordic and Baltic countries. If's gross premiums written was SEK 42 billion 2014 and it has 6,700 employees.
About TCS Nordic
Present in the Nordic region since 1991, TCS has continuously invested in the market and has around 8,000 professionals working in Sweden, Finland, Norway, Denmark, Iceland and across TCS’ Global Network Delivery Model™ (GNDM™). Since 2010, TCS has doubled the size of its operations in the region, with significant increase in local hiring. TCS has been rated as number one in customer satisfaction in the Nordics for five consecutive years (by KPMG and Whitelane Research). Several prominent Nordic companies have benefited from TCS’ unique service offering, including Nokia, Ericsson, TDC, ABB, Telenor, NETS, and DNB. In 2014, Top Employers Institute granted TCS the Top Employer in Europe certificate, with Sweden and Denmark among the eight markets where TCS was number one.
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 318,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
