With remarkable financial and underwriting performance in recent years, property & casualty insurance represents excellent prospects and solid opportunities for expansion. Insurers that can quickly develop new products that fit the market, while also maintaining underwriting quality, will capture a profitable book of business. And with efficient claims processing and a strategic approach to core activities in insurance, an insurer can maintain its profitability through good times and bad.
TCS BaNCS insurance provides a complete end-to-end solution for the insurance business, supporting all mainstream products, sales channels, and lifecycle functionalities, including customer management, product definition, policy administration, claims management, insurance accounting, reinsurance and more. TCS BaNCS insurance supports insurers of different sizes and complexities across the globe. As a component based solution that can interface with legacy infrastructure, TCS BaNCS meets the needs of any insurance service provider in the property & casualty business.
TCS BaNCS insurance enables firms to rapidly create and configure new insurance products across markets and with flexible product options, using a flexible, user friendly configuration manager and an externalized rules engine.