TCS BaNCS Insurance caters to both traditional and unit linked products. The core promise of the solution is the flexibility that enables you to reduce time to market in launching new and innovative products and enables you to take on the challenges posed by continuously evolving distribution channels.

With full support for reinsurance capabilities, TCS BaNCS Insurance helps insurers to mitigate the risk of satisfying customer demand for comprehensive protection, thus preserving the financial health of the institution as well as the customer relationship. Reinsurance requires excellence in business processes involving a multitude of complex decisions, financial calculations and robust analytics. TCS BaNCS helps reinsurers to manage and mitigate risks through hedging and risk-sharing strategies in order to protect risk portfolios against both catastrophic exposures and random fluctuations.

TCS BaNCS Insurance manages a wide range of even the most complex reinsurance contracts involving multiple ceding criteria. The parameter-driven software allows users to establish and update business processes without the need for complicated and time consuming requests to be made to the IT department. The result is a sustainable, cost-effective solution designed to meet the changing needs of current and future reinsurers.

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.