…More than 6.5 million life and pensions closed books policies migrated onto TCS BaNCS successfully

 

Solution

GROW YOUR BUSINESS WITH TCS BaNCS FOR INSURANCE

Changing customer demographics and behaviors, regulatory pressures, extremely competitive marketplace, and the need to lower time-to-market, reduce operational costs, and provide exceptional customer service are some of the key challenges that today’s insurers face. They are also constrained by inflexible legacy systems that hamper their ability to respond to challenges.

TCS BaNCS for Insurance is a modern, flexible and robust suite of insurance solutions to support your core operations, including new business, underwriting, agency management, policy administration, claims management, billing, insurance accounting, and reinsurance, among others. These solutions help you deliver superior customer service, reduce operational cost and increase speed-to-market.

Based on the flexible SOA architecture, this suite integrates well into your existing enterprise. With built-in mobility, portal and data analytics capabilities, it helps your company prepare for the future and gain a competitive edge.

TCS BaNCS for Insurance covers:

(Some solutions are available both as stand-alone components as well as part of an integrated suite).

Why TCS BaNCS

ENHANCE SPEED-TO-MARKET, CUSTOMER EXPERIENCE AND OPERATIONAL EFFICIENCY

Our insurance solution suite helps you achieve:

    • Speed-to-market and market responsiveness: Increases speed-to-market and flexibility with a Product Workbench component Enhanced customer experience: Enhanced service levels to policyholders and agents by providing a single view of customers and improving access to information
    • Improved operational efficiencies: By providing a single view of the customer, streamlining business processes, and Straight-Through Processing (STP)
    • Digitally-enabled solutions: With mobility, portal and data analytics capabilities
    • Enhanced service delivery: Uniform, accurate, and timely service delivery across all channels and devices
    • Easy integration and flexible architecture: Through an SOA-enabled architecture

With our track record of successful implementations across the globe and of delivering large transformation projects you can be sure of our commitment to helping you meet your business objectives.