The TCS Advantage
ValueBPS™: Our ValueBPS™ approach helps enterprises achieve significant and sustained business outcomes by leveraging our deep domain expertise and operations redesign methodologies such as FORE™. Our approach also encompasses robotic process automation (RPA), analytics and insights, our unique IT-BPS synergy, Business Process as a Service (BPaaS) models, and business process management (BPM).
Industry Domain Expertise: Leading insurers around the world leverage our strong domain expertise in New Business and Underwriting Services for property, casualty, life, annuity and health insurance, and retirement services. Our exhaustive knowledge of industry rules facilitates better regulatory compliance.
BPaaS Platforms: TCS’ BαNCS is an end to end suite of solutions for banks, capital market firms, insurance companies and diversified financial institutions. Each solution in the TCS BαNCS family is scalable and robust and fully integrates with existing business models, enterprise infrastructure and technology architecture.
Solutions We Offer
- Quotes management
- Application keying
- Application review
- Review of missing requirements
- Transfers and exchanges
- Initial premium application
- Policy issuance
- Underwriting support
- Attending physician statements
- Transfer follow ups
- Application amendments
- Fund allocation
Key benefits we deliver include:
- Up to 95% straight-through processing
- Up to 30% reduction in underwriting cycle time