TCS has signed a $700 million contract with a British insurance company.

TCS’ new deal with an insurer in the UK, is its largest contract in three years. Tata Consultancy Services (TCS) closes UK’s largest deal in three years with a new contract with an insurance provider.

A February 8 statement from TCS said the digital transformation of Phoenix Group Holdings’ products would cost more than £600 million ($723 million).

The Phoenix Group is already using some of TCS’ services and says the partnership’s expansion will make UK businesses more competitive.