The Property & Casualty solution from TCS BaNCS is a complete insurance solution suite, supporting a range of insurance products, including customer management, product definition, policy administration, claims management, insurance accounting and reinsurance, among others.
The solution's easy-to-use, web-based interface supports global organizations with multiple languages and currencies. Through its parameter-driven, component-based architecture, the solution allows for flexible configuration and customization to meet specific business needs.
This solution also supports insurers of different sizes and complexities across the globe. As a component-based solution that interfaces with legacy infrastructure, TCS BaNCS is equipped to meet all the needs of Property & Casualty insurers, thereby ensuring flexibility and scalability through quick deployment, easy configuration of rules and the capability to manage multiple variants of insurance products across the globe.
Speed-to-market and flexibility
Complete functional coverage across all insurance segments
Multi-channel delivery (intranet, internet and remotely connected and wireless devices)
Easy integration with third-party systems
Enhanced operational efficiency enabled by Straight-Through-Processing (STP)
Geography-based offering enabled by business rule engine