Tata Consultancy Services (TCS) has entered into an agreement with Transamerica, to enable transformation of administration of its U.S. insurance and annuity business lines.
Transamerica basically deals in life insurance, retirement and investment solutions. This is a multi-year agreement and is worth more than USD 2 billion and is expected to be completed by the Q2 of 2018.
The partnership will enable Transamerica to rapidly enhance its digital capabilities, simplify the service of more than 10 million policies into a single integrated modern platform, and drive greater sustainable growth opportunities through superior customer experiences.