Insurance

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.

 

NEXT STEPS

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

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White Papers

A primer on the evolution of Takaful

With the expanding demographics of Islamic countries and that of the Islamic population globally, the prospect of Islamic Insurance models looks promising. Learn more about Islamic insurance through this white paper

Case Studies

TCS BaNCS Insurance enables Takaful International Co. BSC to move into an integrated solution platform

Takaful International Co. BSC has benefited from increased speed of distribution, and the elimination of paperwork, manual errors and administration redundancies, reduced claim cycle time, thereby, allowing for an efficient workflow. Learn how they achieved this

Case Studies

National Insurance Company streamlines reinsurance operations with cutting-edge TCS BαNCS Insurance solution

TCS BaNCS Insurance was deployed to automate end-to-end reinsurance processing at NIC, starting from treaty management, facultative placements, and automatic policy cession derivation, to claim apportionment and the preparation of account statements. Learn more.