Indian IT services vendor Tata Consultancy Services (TCS) has bagged an order from Dutch insurance firm REAAL N V to develop and modernize mainframe applications and servicing the company’s life insurance portfolio.
TCS did not share the size of the IT deal.
The five-year engagement will be focused on building a scalable and best-in-class technology platform for REAAL N V as it looks to increase agility across the business, said TCS in a statement.
“Across the insurance sector, there is a growing need to provide flexible parameters in line with business portfolio. This is a significant milestone for TCS in the Dutch life insurance market,” said TCS Director (Benelux) Amit Kapur.
TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally to deliver consistent results to its customers.
Its Benelux operations comprise over 5,000 professionals working across Netherlands, Belgium and Luxembourg.