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Enabling Takaful International to maintain its 'first in Takaful' status. That’s certainty!
Formerly known as Bahrain Islamic Insurance Company (BIIC), Takaful International (TIC) is the first Takaful insurance company in Bahrain with a rich and diverse product portfolio. To meet its ambitious growth plans, TIC needed to grow organically and expand business in the Middle East and the emerging markets of the GCC. TIC needed an integrated IT system that would satisfy all business and functional requirements – policy administration, claim management, reinsurance administration and financial accounting – that could be accessed anywhere-anytime via the web, and even offer customer facing documents in Arabic. It also needed all existing data to be migrated from existing systems to a centralized integrated system,. Tata Consultancy Services (TCS) configured TCS BaNCS to suit the entire core insurance, reinsurance and accounting functionalities required by TIC in both personal and commercial lines of business for property and casualty insurance and family Takaful operations. As one of the world’s fastest growing technology and business solutions providers, TCS leveraged this highly scalable and flexible TCS solution to serve as a complete end-to-end solution, supporting all mainstream products, sales channels, and lifecycle functionalities. Empowering TIC to introduce new products rapidly and enhance operational efficiency. And of course, enabling TIC to experience certainty.
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From aligning your IT with your business needs to an end-to-end strategy for transforming your enterprise, TCS has the world-class experience and expertise that you need. Contact a Consultant today or email TCS at tcs.bancs@tcs.com
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