Industry
Insurance
Reinventing the Insurance Industry with a Digital-first Strategy
Challenge
In the disruptive digital era, insurers are prioritizing the creation of resilient and adaptable core systems with Guidewire for product innovation, superior customer experience, and improved time to market. These Guidewire transformations have multiple challenges, such as customizations, complex integrations, user adoption, cloud migration/deployment, and version upgrades. Insurers need to collaborate to address the challenges and maximize business value in their Guidewire transformation journey.
Guidewire transformation
TCS Solution
Designed for end-to-end business process transformation for insurers, TCS Services for Guidewire include:
- Digital services: Enables insurers to build and sustain a purpose-centric organization using offerings like human-centered UI/UX Design services, portal build services, and integration and API services.
- Advisory and implementation services on cloud: Helps insurers build resilient systems with features such as product definition and selection, program roadmap definition and rollout strategy, Guidewire configuration, integration, connect AI and GenAI models, data conversion, transformation assurance with GenAI tools, and OCM Services.
- Migration to cloud services: Enables speed and agility by helping insurers move their Guidewire platforms to Guidewire-managed Software-as-a-Service cloud using TCS assessment services, migration services, infrastructure services, and transformation services.
- Maintenance on cloud services: Reduces total cost of ownership and provides certainty to insurers in updates and maintenance by bringing in the right blend of Guidewire product knowledge and adoption of suite of AI and GenAI tools.
- Data services: Improves customer experience, promotes sales and product innovation, and enables operational efficiency with offerings such as advisory and implementation services.
Benefits
With TCS services for Guidewire, insurance companies can get numerous benefits:
- Holistic business-centric approach: Early realization of benefits using context-based and domain-driven location independent agile-first approach
- Speed-to-market: Faster delivery with automation-driven and risk-mitigated approach enabled by proven accelerators
- Enhanced user experience: Multi-modal, omnichannel, and personalized engagement for customers and agents, enabling enterprises to excel in a digital economy
- Cost containment: Reduces the overall cost of ownership of the Guidewire portfolio by using AI and GenAI tools.
TCS is a Guidewire PartnerConnect member
