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At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
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About Us
We deliver excellence and create value for customers and communities - everyday. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.
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We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.
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Top Results
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Insurance / FRAMEWORK
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Industry
Insurance
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Reinventing the Insurance Industry with a Digital-first Strategy
TCS’ solutions, powered by AI and automation technologies, help leverage partner ecosystems and drive innovation in insurance for business agility and growth.
Related Insights
Tata Consultancy Services’ strong capabilities across the value chain, establishment of geography-focused FCC hubs and COEs, geographically balanced delivery footprint, are cited as key strengths
Analyst Reports
04 Nov 2025
Join us at the world's leading risk management event where we will host sessions on AI in finance risk management, transforming regulatory compliance, and more.
Events
17 Nov 2025
TCS has extensive experience in revamping insurance systems & its guidewire consulting & transformation services help build resilient core systems. Learn more.
Solution
12 Oct 2022
Building actuarial models for pricing, reserving, and financial reporting with accurate and reliable data
CHALLENGE
Actuarial business functions like asset liability management (ALM), pricing, valuation, experience studies, capital adequacy assessment, re-insurance, catastrophe risk modelling, financial reporting, and PRT/LRT require consistent, accurate, and reliable data. Given the impact of uncertain events such as a pandemic like COVID-19 on actuarial businesses and risks such as climate change, insurers are being forced to model the impacts without adequate historical insights. Additionally, insurers are required to be compliant with regulatory changes (such as IFRS17, LDTI, and SII) while embarking on transformation programs (like policy administration systems, tool conversion, and so on), which involve handling data from multiple legacy systems. Manual off-system adjustments, reconciliation, inconsistent reporting data, as well as missing data add to the problem.
TCS SOLUTION
TCS’ Actuarial Data Management Services help in reconciliations and divergences of model points using automation. It supports organizations to consider new data requirements, compare with existing model points, and discover incremental additions to data attributes.
Our data management services provide insights on the data changes required to handle new risks and help envisage a common process for model point files and single source of data for all business functions, starting from pricing and reserving to valuation and reporting.
By using TCS’ Actuarial Data Management Services, insurers can automatically analyze a range of data attributes and values to compare all historic data against current actuarial data. Our models built on open-source stack, are compatible with various data structures used across various actuarial tools and enable comprehensive actuarial data mapping.
BENEFITS
While serving as an actuarial data assessment model, TCS’ Actuarial Data Management Services can help insurers:
- Quickly identify incremental changes in model points
- Analyze gaps with respect to new actuarial data requirements
- Envisage solutions for consistent and common process for model points
TCS’ services can also be used for model outcome testing, reconciliations during model conversions and PAS conversions.
Related reading
1/4
Insurance
Adopting AI Technologies to Transform Disability Insurance Claims
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01 Sep 2025
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2/4
Insurance
Cloud
TCS Helps Insurer Implement an Employee Health Insurance Solution
Case Studies
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18 Aug 2025
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3/4
Insurance
Artificial Intelligence
Reimagining the Claims Processing Function with AI Agents
White Paper
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20 Mar 2025
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4/4
Insurance
North America
AmTrust Partners with TCS to Transform E&S Clearance with AI
Case Studies
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13 Feb 2024
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