Tata Consultancy Services (TCS) - software suite - ‘TCS BaNCS’ for insurance has expanded its support for personal and commercial lines of business through its proposed integration of ISO Electronic Rating Content - such as automated updates to loss costs, rules and policy form attachment logic - into the TCS BaNCS rating engine.
This feature eliminates the earlier practice of manually entering the loss costs and interpreting rating rules, which is both time-consuming and error-prone.
TCS BaNCS is a core banking software suite developed by TCS for use by retail banks. TCS BaNCS enables transformation in financial services through a superior and holistic suite of solutions for banks, capital market firms, insurance companies and diversified financial institutions.
