Nedgroup Insurance selects TCS BaNCS Insurance for policy administration

28 Feb 2012 Evaluate

Tata Consultancy Services’ (TCS) universal financial services platform - TCS BaNCS, has been selected by Nedgroup Insurance Company (NedIC) a short-term insurer specializing in homeowner's cover, personal accident and vehicle-related, value-added insurance products.

TCS BaNCS Insurance, part of the TCS BaNCS, will serve as the new policy administration system for NedIC’s short-term insurance services. TCS BaNCS serves the top banks in Africa through its banking and capital markets suite of solutions; this will be TCS BaNCS’ first insurance customer in Africa.

TCS BaNCS end-to-end functionalities, including the entire gamut of quotation to claims, in addition to accounting and re-insurance, among other complementary functionalities will go a long way in helping NedIC deploy the solution in rapid time and deliver to customer expectations.

NedIC is the short term insurance company within Nedbank Wealth. NedIC’s primary business is home owners cover (HOC) insurance over private properties and also specializes in personal accident and vehicle-related value-added insurance products.

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

TCS Share Price

3883.55 46.05 (1.20%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
TCS 3883.55
Infosys 1498.80
HCL Tech. 1543.30
Wipro 480.05
Tech Mahindra 1250.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.