Continuous process improvements, flexibility in responding to changes, and superior customer experience have become imperatives for insurance companies. With increasing regulatory demands, changing demographics and global competition, insurers have to respond with systems that can quickly assess risks and underwrite new products while providing unstinting customer service.

Insurance from TCS BaNCS comprises a suite of solutions that perform multiple functions to meet the varied needs of insurance enterprises across lines-of-business, distribution channels and customer segments. Major insurance carriers around the world rely upon the combination of TCS BaNCS with the agile implementation and rock-solid support of TCS Financial Solutions.

TCS BaNCS has been developed using advanced Service Oriented Architecture (SOA) technologies that easily integrate with legacy infrastructure within insurance organizations. The Web-based, flexible, and scalable solutions enhance operational efficiency and facilitate business agility. Our support expertise also ensures continued compliance with the changing requirements from various regulatory agencies.

TCS BaNCS solutions include line-of-business products for property and casualty, workers’ compensation, extended warranty, individual life, group life and reinsurance.

Also, TCS BaNCS offers the Product Workbench, a solution that supports the rapid deployment of new insurance products; and the Agent's Workbench, for lead generation and customer relationship management.