- Overview Press tab for submenu items
TCS is here to make a difference through technology.
Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
-
Industries
-
Services
-
Products and Platforms
-
Research & Innovation
Overview
Overview
Overview
Overview
Industries
expand here
Services
expand here
Products and Platforms
expand here
Research & Innovation
expand here
- Overview Press tab for submenu items
We’re in it for good, driving positive change for the benefit of all.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
-
About Us
- Overview Press tab for submenu items
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Customer Stories
-
Perspectives
-
Global studies
-
Topics
- Overview Press tab for submenu items
Want to be a global change-maker? Join our team.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Overview
Overview
Overview
Overview
Overview
India
expand here
Americas
expand here
Asia Pacific
expand here
Europe and UK
expand here
Middle East and Africa
expand here
- Overview Press tab for submenu items
Find the latest news about TCS in our Newsroom
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
-
Press releases
Recent Press releases
View all -
News alerts
-
Analyst recognition
-
Events
-
Media kit
- Overview Press tab for submenu items
TCS works hand in hand with world-leading investors.
Tata Consultancy Services LimitedNSE:TCSINR -
Management Commentary
-
Financials
-
News and Events
-
ESG
-
Resources
Overview
Overview
Overview
Overview
Overview
Management Commentary
expand here
Financials
expand here
News and Events
expand here
ESG
expand here
Resources
expand here
Top Results
Showing
10
01 - 07
You have these already downloaded
We have sent you a copy of the report to your email again.
Telematics-enabled, usage-based insurance (UBI) programs such as pay-as-you-drive (PAYD) and pay-how-you-drive (PHYD) are ubiquitous and growing across geographies. However, the current state of UBI fails to factor in the evolution of regulation, technology, and consumer behavior resulting in inaccurate pricing and lost opportunities. Insurers need to take a mobility centric approach ushering in a shift from a pay-how-you-drive to a pay-how-you-move (PHYM) model in motor insurance.
Some of the critical aspects that insurers will need to focus on to define their strategy include:
- Transparent pricing strategy: Consumption based approach to reduce expenses
- New consumer behaviors: Adoption of a well configured PHYM product to cover varying risks
- Digital technology enablers: Insurance telematics enables increased accuracy of scoring models
- Minimal data mindset: Storage of anonymized data only
- Data analytics: Data provision from advanced driver-assistance systems
About the authors
Image of Kamesh Meduri
Kamesh Meduri
Kamesh Meduri is Chief Architect with TCS Banking and Financial Services (Central Europe) unit and has over 20 years of experience in the insurance and retail banking domains.
Image of Venkat Seshadri
Venkat Seshadri
Venkat Seshadri heads Insurance Research and Innovation for TCS’ Banking, Financial Services and Insurance (BFSI) business unit
Related reading
1/4
Leveraging data insights for supply chain risk management in insurance
White Paper
|
02 Nov 2023
Opens in new tab
2/4
Embedded Insurance Transforming the Way Forward
White Paper
|
31 Aug 2023
Opens in new tab
3/4
The road to growth and prosperity in insurance
White Paper
|
05 Jul 2023
Opens in new tab
4/4
Insurance
Srivathsan Karanai Margan
Suresh Aranala Krishnamurthy
Persuasive Chatbots in Insurance for Enhanced Customer Engagement
White Paper
|
09 Mar 2023
Opens in new tab
Find out more
What’s on your mind?
We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
Looking for something else?
©2024 TATA Consultancy Services Limited
©2024 TATA Consultancy Services Limited
- Privacy Notice
- Cookie Policy
- Disclaimer
- Security Policy
- California Notice at Collection
- Customize Cookies
