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Tata Consultancy Casework Partners with ACORD to Update and Advance ACORD’s Reference Architectonics Assets to Enhance Allowance Industry Standards for the Agenda Era

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NEW YORK and MUMBAI, India, Oct. 26, 2017 /PRNewswire/ — Tata Consultancy Casework (TCS), (BSE: 532540, NSE: TCS) a arch all-around IT services, consulting and business solutions organization, and ACORD, the all-around abstracts standards-setting anatomy for the allowance industry, appear today an complete action to advance the allowance industry by accouterment enhancements to ACORD’s Reference Architecture.

Tata Consultancy Services.(PRNewsFoto/Tata Consultancy Services) (PRNewsfoto/Tata Consultancy Services)

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The architectonics modernization, powered by TCS, will accommodate a able-bodied foundation for insurers to advantage new standards for a agenda apple and accommodated the added circuitous demands of their customers. TCS will assignment with ACORD to advance authentic abstracts models and standards to acquiesce insurers to abode agenda transformation, and added calmly embrace arising technologies.

“Significant changes in technology and the business ambiance are active the allowance industry to advance technology assets and architectonics models in adjustment to abutment new forms of abstracts and transactions,” said Suresh Muthuswami, President and All-around Head, Insurance, TCS. “API-ification’ is the key active force in the access to standards. This is a cogent cardinal footfall advanced for an industry that is appetite to advantage agenda capabilities in adjustment to get afterpiece to customers, access activity and responsiveness, and become bigger competitors as new developments in the aing bearing of abstracts and analytics evolve.”

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TCS will facilitate this advanced action with its allowance industry area strengths, agenda transformation expertise, and authentic clue almanac in auspiciously alive with insurers to apparatus business enhancements while accompanying accouterment avant-garde solutions to abetment in their agenda journeys.

“ACORD’s accord with TCS will accredit our associates to administer the advice demands of a digitized economy, and accommodate actual allowances to insurers, reinsurers and brokers – in a apple area new forms of abstracts are advancing from non-traditional sources,” said William Pieroni, President and CEO, ACORD. “This action represents the best of ACORD, absolutely accomplishing its mission to animate the breeze of abstracts beyond all allowance stakeholders by bearing an architectonics that allowances all associates and enables alone organizations to focus on their advance strategies.”

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About ACORDACORD (Association for Cooperative Operations Research and Development) is a global, nonprofit alignment confined the allowance and accompanying industries. ACORD facilitates fast, authentic abstracts exchange, and able workflows through the development of cyberbanking standards, connected forms, and accoutrement to abutment their use. ACORD associates common accommodate hundreds of allowance and reinsurance companies, agents and brokers, software providers, banking casework organizations and industry associations. ACORD maintains offices in New York and London. Learn added at www.acord.org.

About TCS Insurance:TCS’ Allowance Practice provides technology-led IT casework to Property & Casualty, Life & Retirement, and Commercial, Reinsurance, and Brokerage allowance operations beyond the globe. TCS has congenital an incomparable clue almanac in enabling insurers to transform, advance operational efficiencies and access chump engagement, while ensuring authoritative compliance. With a charge to addition and transformation, TCS is allowance insurers to accretion activity and advance their adeptness to attempt in a customer-driven, agenda world.  TCS’ addition to our clients’ success is reflected in our abiding relationships with added than 100 insurers globally, including seven of the top 10 arch insurers. TCS has been accustomed as the complete baton in Allowance IT Casework by the Everest Accumulation seven years in a row. 

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Story Continues

For added advice about TCS’ Allowance Business Unit, appointment us at www.tcs.com/insurance.

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About Tata Consultancy Casework Ltd (TCS):Tata Consultancy Casework is an IT services, consulting and business solutions alignment that delivers absolute after-effects to all-around business, ensuring a akin of authoritativeness no added close can match. TCS offers a consulting-led, chip portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, accustomed as the criterion of arete in software development. A allotment of the Tata group, India’s largest automated conglomerate, TCS has over 389,000 of the world’s best-trained consultants in 46 countries. The aggregation generated circumscribed revenues of US $17.6 billion for year concluded March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For added information, appointment us at www.tcs.com

To break a on TCS account in North America, follow @TCS_NA. For TCS all-around news, follow @TCS_News.

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