OREANDA-NEWS. November 16, 2011. Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading consulting, business solutions and IT services organisation, announced that Everest Group, an advisory and research firm on global services, has recognised TCS as a leader in insurance domain knowledge and in the insurance applications outsourcing market in its November 2011 report.

Everest Group evaluated leading global IT vendors servicing large (>USD 25 million), multi-year (>three years) applications outsourcing engagements specific to the insurance sector in terms of delivery capability and market success. The evaluation was based on the five key dimensions of the group’s proprietary PEAK Matrix: market success, scale, scope, domain investments and delivery footprint. On an aggregate basis, TCS received the highest rating out of all the service providers in the analysis of delivery capability and the second highest rating in the analysis of market success (based on transaction activity).

“This report reaffirms our position as a global leader and innovator in providing domain-led services to the insurance industry,” said Suresh Muthuswami, president, insurance and healthcare, TCS. “Our best-in-class application development, process optimisation, legacy modernisation, digital strategy and analytics offerings combined with our insurance industry expertise enables our clients to transform their business and enhance their customer centricity.”

“Extensive scale backed by significant domain investments has enabled TCS to win several large deals in the insurance AO space. With momentum across all the sub-verticals of the insurance industry, TCS has established itself as a market leader in this space” said Amneet Singh, vice president, global sourcing, Everest Group.