Challenge
Pannonia needed to gain a stronger foothold in the European life insurance market.
Established players in the European life and pension insurance space typically leverage alliances to increase customer outreach and market share. In order to gain a competitive edge, Pannonia Insurance, a new entrant, needed to reimagine business processes underpinning its unit-linked offerings, while expanding life and non-life product portfolio. Reducing time-to-market and establishing itself as a pan-European business were critical in this regard, and could only be achieved with a flexible IT platform at the core. Pannonia Insurance selected TCS BaNCS as its technology partner recognizing the popularity of TCS BaNCS for Insurance – a highly customizable, secure, and scalable solution.
