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Overview
The property and casualty insurance industry faces challenges in managing complex risks, regulatory compliance, and evolving customer expectations. Insurers struggle with legacy systems, data fragmentation, and inefficiencies in claims processing and underwriting. As the market shifts towards digitalization, there is a pressing need for a scalable, flexible solution that enhances operational agility, improves customer experience, and streamlines regulatory adherence across diverse geographies.
Our solution
TCS BaNCS for Property and Casualty Insurance is digital-first platform equipped to handle the entire insurance value chain, including product management, underwriting, policy servicing, claims operations management, reinsurance, and insurance accounting. Its parameter-driven, component-based architecture ensures flexibility and adaptability, allowing insurers to respond effectively to market dynamics and customer demands.
Benefits
With over 1,200 restful APIs secured through Apache WSO2, our solution offers seamless integration and extensive customization options. Experience our SaaS model with cloud-agnostic implementation on AWS, Azure, OCI, and more. Benefit from self-service administrative tools, digital portals for customers, agents, service providers, and advanced analytics for informed decision-making. Our Solution empowers insurers to adapt swiftly, launch new products rapidly, and excel in a digital-first landscape.
The TCS BaNCS Advantage
The solution has been implemented for more than 70 customers globally, of which over 38 are in the P&C insurance domain. Join us in transforming the P&C insurance market with technology that not only meets but exceeds the demands of today's dynamic environment. Empower your business with solutions that are innovative, secure, and customer-centric, driving growth and success in a rapidly evolving market.
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