Scandinavian non-life insurer Tryg has expanded its alliance with Indian IT services giant Tata Consultancy Services (TCS) to enhance its digital capabilities.  

The two companies have been partners for the past 15 years. 

The new $639.6m (DKr4.1bn), seven-year agreement aims to simplify Tryg’s business across its three key markets. 

It will see TCS providing its AI and cloud solutions to overhaul Tryg’s entire IT landscape to enhance delivery efficiency and automate key processes. 

The move is part of Tryg’s United Towards 27 strategy, which focuses on IT simplification and capacity development to create new digital tools for its customer base. 

TCS will assume responsibility for application development and management, infrastructure services, end-user services and cybersecurity.  

This initiative is expected to create a “digital-first” operating model for Tryg, integrating previously dispersed functions. 

The collaboration is set to accelerate Tryg’s product time-to-market and increase operational efficiency, stated TCS.  

Tryg Group CEO Johan Kirstein Brammer said: “The extended partnership with TCS, which is one of the leading technology companies in the world, is a key initiative supporting our 2027 target to simplify and scale Tryg’s business. TCS is the right partner to assure an important contribution towards achieving our ambition.” 

TCS CEO K Krithivasan stated: “By combining TCS’ best-in-class cloud and AI capabilities with our expertise in the insurance sector, we will help Tryg accelerate its transformation into an agile, technology-led enterprise with AI at its core. We are proud of this long-standing partnership that has brought key innovations in the European insurance space.”  

In 2020, the partnership expanded to include the adoption of hybrid cloud architecture and the Machine First Delivery Model (MFDM), which is powered by ignio AIOps, as well as to support the integration of DevOps across Tryg’s operations.