TCS lands €550m deal with Tryg for digital transformation

Tata Consultancy Services (TCS) has announced a seven-year, €550m deal with Tryg, a leading Scandinavian non-life insurance company, to drive comprehensive digital transformation. This expanded partnership will see TCS leveraging its AI and Cloud solutions across Tryg’s IT landscape to simplify operations, automate core processes, and enhance customer experience in Denmark, Sweden, and Norway.

TCS will take ownership of application development and management, end-to-end infrastructure services, end-user services, and cybersecurity. The goal is to streamline Tryg’s historically complex IT landscape and embed automation and AI to improve efficiency. This initiative supports Tryg's "United Towards 27" vision, aiming to develop new digital solutions for over six million customers.

The agreement also includes establishing a unified digital-first operating model for managing business across Tryg's three key markets. This will consolidate dispersed functions, ensuring scalability and boosting operational efficiency while optimizing development and operational costs. TCS will support Tryg in building an agile, technology-led enterprise with AI at its core.