Tata Consultancy Services (TCS) has partnered with Tryg, a leading Scandinavian non-life insurance company, to simplify and standardise operations across its three major markets and drive technological transformation. Tryg operates in the Scandinavian countries of Denmark, Sweden, and Norway.
The deal between the two companies is worth 550 million euros and spans a period of seven years. As part of the deal, TCS will employ its suite of AI and Cloud services across Tryg’s entire IT infrastructure to augment delivery capability, automate core processes, and better the customer experience.
Need for adaptation
K Krithivasan, CEO, Tata Consultancy Services, said in a statement that today’s success depends on how quickly and resiliently enterprises can adapt. He added that the key to long-term value creation lies in building perpetually adaptive enterprises enabled by intelligent, future-ready IT systems.
“By combining TCS’s best-in-class Cloud and AI capabilities with our expertise in the insurance sector, we will help Tryg accelerate its transformation into an agile, technology-led enterprise with AI at its core”
Johan Kirstein Brammer, Group CEO, Tryg, said that the extended partnership with TCS is a key initiative supporting their 2027 target to simplify and scale Tryg’s business. He added that the company is simplifying its IT landscape, enabling it to further invest in new technology and develop its business across Scandinavia.
TCS and Tryg’s partnership history
TCS and Tryg have long-standing partnerships. The two companies have a strategic partnership spanning over 15 years. The Indian IT giant has collaborated with the Scandinavian company over the years on many elements of their transformation journey.
Using its deep contextual knowledge, TCS has developed a unique model to drive an industry-first business case for its Danish and Nordic customers while achieving their strategic business goals.
TCS has dedicated teams for its business in Nordic countries and has been present in the region for the last 30 years. Currently, over 20,000 TCS employees support leading enterprises in the Nordics, serving region’s top multinationals in sectors such as banking, financial services, insurance, retail, telecom, manufacturing, life sciences, and tech services.