TCS named market leader for Property & Casualty Insurance technology

03 April 2019 Consultancy.in

Indian IT services giant TCS has emerged at the top of another PEAK Matrix from the Everest Group, this time for its services in the Property & Casualty (P&C) Insurance Digital Services domain. TCS’ solutions combined Internet of Things and artificial intelligence capabilities to enhance personalisation.  

The firm currently leads the market in India and across the globe in a number of domains. Last year, the firm was named a leader in Digital Marketing Services by research consultancy NelsonHall, while Everest itself used its PEAK metric to name TCS as a leader in Software Product Engineering.

The Performance, Experience, Ability and Knowledge (PEAK) Matrix looks to assess the relevance of a firm’s services and their overall valuein the contemporary market, and can be applied to a variety of sectors. TCS has now topped the PEAK matrix in the domain of P&C Insurance Digital Services.

The advent of a range of Industry 4.0 technologies has meant that customers now have the ability to prevent or reduce their insurance claims. According to the Everest Group, TCS has been supporting customers with this transition to being tech savvy and enabled individuals.

TCS named market leader for Property & Casualty Insurance technology

The firm employs a Machine First Delivery Model, which allows for the customisation of insurance solution to individual needs and preferences. Moreover, TCS’ solutions in the insurance domain are not limited solely to customers but extend to other stakeholders, including providers. 

In the P&C domain, TCS solutions include its Connected Universe Solutions, including its Connected Auto and Connected Home, all of which leverage IoT technology to deliver customised solutions. The firm also offers support to organisations with processes such as cloud migration.

Commenting on TCS’ position, K. Krithivasan, Global Head for Banking, Financial Services and Insurance for TCS said, “Insurers are leveraging technologies like IoT and analytics to receive real time sensor-driven risk intelligence to offer differentiated products and reimagine customer experience in the Business 4.0 era.

“This leadership assessment by an independent third-party research firm is a recognition of our strong market presence, investments in innovation, and vision in this space. Our strong services portfolio, digital technology expertise, and transformational mindset coupled with contextual knowledge of the customer's business help us provide strategic direction to property and casualty insurers in their digital journey” he added.

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Grant Thornton named India's best sports services consulting firm

10 April 2019 Consultancy.in

Honouring its work with the Hockey World Cup 2018, global professional services firm Grant Thornton’s India practice has been named the Best Sports Services Consulting Firm at this year’s Sports Excellence Awards held by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). 

The firm was selected by the Sports & Youth Services Department in the Odisha government last year to manage the Hockey World Cup 2018, which took place in Bhubaneshwar between November and December. 16 teams participated in the event, which was won by Belgium.

Grant Thornton has been laying greater emphasis on its sports consulting services in recent years, particularly in the Indian market. Alongside its position as Project Manager for the Hockey World Cup, the firm is also currently working on projects with the regional governments in the states of Punjab and Kerala.

The projects include  sporting initiatives from both states, and have presumably resulted from Grant Thornton’s demonstration of its ability to manage a sporting event of great scale. The firm has now been formally recognised in New Delhi by ASSOCHAM for its work during the event.Grant Thornton named the Best Sports Services Consulting Firm in India

The firm received the award for the Best Sports Services Consulting Firm in the Sports Excellence Awards division of ASSOCHAM’s National Summit & Awards on Sports Business: Infrastructure, Investment and Merchandising. Sports has become the latest focus for Grant Thornton, in addition to other diversification efforts.

Commenting on the award, CEO of Grant Thornton India Vishesh Chandiok said, “I am absolutely delighted at this occasion of Grant Thornton being awarded as the sports consultancy of the year. Hockey World Cup was not only the biggest sports consulting project ever, but it also ended up being one of the most successful sports events ever hosted in India. I really hope this has set the standard for the future and I would like to congratulate all our 4,000 plus employees in India and more than 50,000 around the world for the encouragement and work on the ground.”

“We realigned our focus on sports advisory about two years back. In these couple of years, we have seen the growing interest of Governments and the private sector in sports and believe that Grant Thornton has global expertise and credentials to meet their requirements. Going forward, we plan to work closely with Governments, the private sector, federations and other stakeholders in developing competitiveness in the sports sector,” he added.