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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
Backed by blockchain and AI, TCS’ solution automates critical processes such as claims management and underwriting for profitability and CX.
Solution
29 Apr 2025
Learn how TCS’ intelligent, extensible reinsurance solution automates key processes across the insurance value chain such as insurance underwriting and claims management.
Solution
29 Apr 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
PostFinance shares how it is leading the way in the Swiss financial sector, bringing digital asset trading to its customers with digital custody from TCS BaNCS.
Customer Testimonial
05 Mar 2025
Meet TCS BaNCS’ experts at ISITC’s 31st Annual Securities Operations Summit to discover our award-winning corporate actions and custody solution.
Events
27 Mar 2025
Kotak Mahindra Bank describes its 12-year relationship with TCS BaNCS and how it is utilizing innovation to transform risk management practices. Learn more.
Customer Testimonial
07 Mar 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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