Tata Consultancy Services (TCS) has been recognized as a leader in The Forrester Wave: Property & Casualty (P&C) Claims Management Systems, Q22022. In an assessment of 14 of the most significant property and casualty (P&C) claims management system providers, TCS tied for the highest score in the current offering category. According to the report, “TCS ticks the boxes for innovation and broad functionality with its strategy driven by the emergence of new business models, smart automation, cyber risk, acceleration, and supporting tech and delivery partnerships.”
TCS BaNCS for Insurance is an end-to-end rules-driven core insurance platform spanning underwriting, customer policy servicing, claim processing, co-insurance, finance, reporting and branch operations across P&C, health and life insurance businesses. TCS BaNCS for Property and Casualty is a complete insurance solution suite that includes claims management. Its parameter-driven component-based architecture allows flexible configuration and customization. The digital-first suite covers all stages of the P&C claims value chain, including product management, underwriting and new business, policy servicing, claims operations management, reinsurance and insurance account. It also includes add-on digital capabilities such as mobility, portal and data analytics.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.
Company Name | CMP |
---|---|
TCS | 3831.25 |
Infosys | 1431.85 |
HCL Tech. | 1479.65 |
Wipro | 460.20 |
Tech Mahindra | 1186.10 |
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