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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
Learn how our digital-first, cloud-based solution helps life insurers and pension providers achieve efficiency and enrich end-user journeys.
Solution
29 Apr 2025
From AI imperatives to human-machine synergy, explore the technology trends across the insurance value chain that are shaping the future of the industry.
Blog
27 Feb 2025
Quartz for Insurance Repository maintains digitized insurance policies, enabling insurers, policy holders, agents, and banks to connect in a blockchain-based ecosystem
Solution
10 Jan 2025
Solution
TCS BaNCS™
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TCS BaNCS™: Enabling Transformation in Banks and Financial Institutions
Offering Software-as-a-Service across a stack of solutions and applications, TCS BaNCS facilitates smooth transformation in financial services and drives growth.
Related Insights
TCS BaNCS will share insights on next-gen core banking and digital value chain at the Cedar-IBS Intelligence Building a Future-Ready Bank Summit 2025 in Kuwait.
Events
14 May 2025
The newsletter features customer stories on how TCS BaNCS’ solutions helped drive treasure operations, asset servicing, core banking transformation, and more.
Report
21 Jan 2025
For successful AI adoption, banks must prioritize workforce reskilling, people and culture, and collaboration while navigating GDPR and EU AI Act. Learn more.
Blog
14 May 2025
Overview
Despite widespread digital adoption in the health insurance space, some complexities still remain. The rising costs of healthcare demand a solution that not only enhances operational efficiency through advanced data management and automation but also adapts to evolving regulatory requirements seamlessly. Insurers must provide personalized and preventative care options while managing extensive data securely. Moreover, the industry faces the challenge of reducing costs, mitigating risks, and staying competitive amidst rapid technological advancements.
Our solution
TCS BaNCS for Health Insurance offers comprehensive solutions across a range of areas, including individual, group, voluntary benefits, and more, through both cloud and on-premise platforms, helping organizations become agile and intelligent. Our solution is parameter-driven, follows a component-based architecture, and allows flexible configurations and customizations to meet specific business needs. Our solution is enabled with a pre-configured packaging of features and functionalities and incorporates worldwide best practices in medical Insurance.
Benefits
TCS BaNCS for Health Insurance equips insurers with the tools and capabilities needed to drive sustainable growth and deliver exceptional value to stakeholders. With multi-entity, multi-language, and multi-currency support, our solution ensures global scalability. Its SaaS-based, microservices architecture provides the elasticity needed to adapt effortlessly to workload changes. Elevate your insurance operations with TCS BaNCS for Health Insurance, where innovation meets efficiency, seamlessly.
The TCS BaNCS Advantage
TCS BaNCS solutions are equipped with features that boost profitability, improve customer servicing, increase productivity, and foster smooth regulatory compliance.
Key advantages include:
- Agile self-configuration options to reduce the time to market, and unique features to improve productivity and customer fulfilment.
- Built-in features for seamless operational compliance with market-specific regulations and reporting needs.
- Out-of-box multi-line, multi-channel, multi-entity, and multi-currency capabilities for global insurers with complete traceability.
- Cloud-optimized offering and flexible deployment models - SaaS, managed services, and platforms.
- Unmatched security features that are integrated with vulnerability management, IDAM, and monitoring tools.
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