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.
TCS BaNCS Insurance 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 Insurance 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 Insurance solutions include line-of-business products for property and casualty, workers’ compensation, extended warranty, individual life, group life and reinsurance.
Also, TCS BaNCS Insurance 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.
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services (TCS), the world leader in software development and deployment. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™, which draws upon over 111,000 of the world's best-trained IT consultants in 50 countries to achieve certainty in implementation.
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