La Mobiliere Selects TCS as Strategic Partner to accelerate its Digital Transformation Agenda

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been selected by la Mobiliere, the oldest private non-life insurer in the Swiss market, as its long-term strategic partner to drive its digital transformation agenda.

La Mobiliere is pursuing a digitization strategy and is modernizing its core business including products, core processes and digital touch points for customers, partners, and employees, to become future-ready. It is already doing this with remarkable success; La Mobiliere has recently won the Digital Excellence Award 2021. The insurer is now looking to further accelerate its efforts including the deployment of datadriven services and technologies such as artificial intelligence to enhance customer experience even more.

La Mobiliere chose TCS as a partner in this strategy. TCS will help modernize the insurer's IT estate with core system simplification, cloud adoption, and application transformation. The insurer's next generation application estate will use cloud-native architectures and will be delivered in a fully SAFe agile model. Further, TCS will help harness data and analytics as well as automation to reimagine processes to deliver superior customer experiences.

With this transformation, TCS will help la Mobiliere enhance operational resilience, improve business agility to address evolving market opportunities, and drive future growth.

"La Mobiliere is tronsforming itself to odapt to the tdtest business trends, ond we decided it was time for us to look at the next step of technology tronsformotion," said Thomas Kuhne, CIO, la Mobiliere. "After a thorough selection process, we chose TCS as our partner for this journey, since they demonstrate deep market ond insurance domoin expertise, customer focus, strong transformation and innovation capabilities, and global roll-out capability augmented with delivery in German."

"We are delighted to be selected as a strategic partner by la Mobiliere. We look forward to enabling nextgeneration applications, data and analytics, cloud transformation, DevOps and automation, furthering their business innovation agenda and driving their next phase of growth and tronsformation" said Uma Rijhwani, Business Head, Banking, Financial Services and Insurance - Central Europe, TCS.

Present in Switzerland since 1985, TCS currently partners with over 85 leading Swiss corporations in their growth and transformation journeys, including 14 listed on the SMl. TCS ranked first in customer satisfaction in an independent survey of CxOs of the top lT spending organizations in Switzerland. In 2020, TCS acquired Postbank Systems AG, a full-range captive IT service provider, adding around 1,500 employees with deep banking expertise, to support its growth in switzerland.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3662.80 as compared to the previous close of Rs. 3630.00. The total number of shares traded during the day was 62978 in over 6270 trades.

The stock hit an intraday high of Rs. 3671.00 and intraday low of 3630.05. The net turnover during the day was Rs. 230286702.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS LaMobiliere DigitalTransformation