Nordic insurer Tryg expands its partnership with TCS for digitising core IT

Nordic insurer Tryg expands its partnership with TCS for digitising core IT
Photo Credit: Thinkstock
8 Jul, 2020

Danish non-life insurance firm Tryg has expanded its decade-long partnership with information technology services firm Tata Consultancy Services (TCS) to digitalise its core IT operations. 

The deal will see TCS deploy an enterprise cloud platform to leverage its machine first approach, according to a statement.

Copenhagen-based Tryg is one of the largest non-life insurance companies in the Nordic region. Mumbai-based TCS will now deploy a new technology stack as well as an IT operating model that will help the financial service firm to accelerate its digital transformation journey, the company said.

According to TCS, it will provide mainframe hosting and operations and implement hybrid cloud architecture.

“TCS has been our long-standing partner and has delivered many strategic projects in the past and the new agreement reaffirms our confidence in the partnership. We have been on track to fulfill our three-year strategy to ensure future-readiness,” Anne Nørklit Lønborg, CIO, Tryg, said in the statement.  

The country's largest software exporter powers its machine first approach though its automation platform dubbed ignio, which can make the IT operations leaner and more efficient, it said. 

The technology stack's self-healing capability that will increase the availability of critical customer-facing business applications, improve operational resilience, and enhance end-user experience, TCS added.

The new model will accelerate the adoption of agile and DevOps throughout Tryg, boosting its responsiveness to shifting customer preferences, speed to market, and adaptability, the statement said.

“Globally, our customers are focusing on building greater adaptability and resilience in their systems as well as their operations and move towards an autonomous IT enterprise,” Hemakiran Gupta, business unit head of BFSI vertical for mainland Europe at TCS, said.

Previously, TCS had executed many programmes for Tryg including strategic initiatives like claims transformation, digital systems transformation, and core systems development and support.

Last month, TCS had remotely deployed its DynaPORT solution at the Mundra shipping terminal of Adani Ports and Special Economic Zone (APSEZ).

Armonk, New York-based technology giant IBM had recently announced an expanded partnership with TCS to help clients accelerate digital and cognitive enterprise transformations to IBM public cloud using IBM Cloud Paks, which will also see TCS establishing an IBM enterprise cloud architecture unit.