Manama, Bahrain

We were able to reduce our maintenance costs significantly by implementing the insurance solution from TCS BaNCS…enabling us to achieve our 50% target growth

– Takaful International Co. BSC

 

Business Solution

Manage complexity in insurance with a product workbench solution

Insurers recognize that innovative products are vital to gain market share in life and property and casualty insurance.

Enterprises look forward to configuring products and manage complex solutions and enrich portfolios.

Complementing these offerings with efficient sales, improved service quality, a better understanding of customer relationships, and diverse functionality across multiple distribution channels is a priority.

Why TCS BaNCS

Reduce risks, improve flexibility

The Product Workbench solution from TCS BaNCS can assist insurers with creating and maintaining model products and multiple versions for each country, company, line of business, and any other criteria that define the basic structure of the product with attributes, risks, benefits, coverage, processes and rules.

It offers a multi-layered approach including data capture and validation, rules management, risk calculation and reporting. It supports the development of new, innovative and complex insurance products across all business lines, thereby helping insurers increase flexibility and reduce costs and risks.

To know more about this solution, download the Product Workbench brochure or write to us at tcs.bancs@tcs.com.

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