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TCS Bancs | Product Workbench

 

Insurers recognize that innovative products are vital to gain market share in life and property and casualty insurance. Enterprise solutions look to leverage product configurations and PLM to offer and manage complex insurance products and enrich portfolios.

Complementing these offerings with efficient sales, improved service quality, a better understanding of customer relationships, and diverse functionality across multiple distribution channels is a priority for insurers.

The Product Workbench solution from TCS BaNCS can assist insurers to create and maintain model products and multiple versions for each country, company, line of business, and any other criteria that define the basic structure of the product with attributes, risks, benefits, coverage, processes and rules.

It offers a multi-layered approach including data capture, data validation, rules management, risk calculation and reporting. It supports the development of new innovative and complex insurance products across all business lines, thereby helping insurers increase flexibility and reduce costs and risks.

To know more about this solution, download the Product Workbench brochure or write to us at tcs.bancs@tcs.com.