As industrialization triggers the growth of net written premiums in workers' compensation systems, it also brings in challenges and opportunities for insurers. For efficient and disciplined underwriting along with cost-effective claims management, insurers require unique enterprise-wide solutions that integrate multiple systems and bring in the agility required to support market demands.
TCS BaNCS Workers' Compensation solution addresses the needs of carriers writing workers' compensation insurance. As part of TCS BaNCS Insurance, our solution covers the following functions:
Statistical and Management Reporting
It also includes an Agent Access Portal that provides real-time policy management and issuance by agents. The solution — designed on a modular framework — seamlessly and efficiently supports the needs of the business.