TCS Insurance Solution To Help GIC''s Motor Insurance

MUMBAI: TCS Financial Solutions, a subsidiary of Tata Consultancy Services (TCS) has implemented TCS BaNCS Insurance Platform for General Insurance Corporation of India''s (GIC) third party insurance. TCS BaNCS Insurance solution will facilitate timely and accurate apportionment of premium, claims, service tax and other income and expenses, enabling an efficient multilateral reinsurance arrangement between the constituents of Indian Motor Third Party Insurance Pool (IMTPIP). The insurance product from TCS was a flexible and highly functional solution for the world''s leading insurance companies. TCS Financial Solutions delivers software solutions for the banking, insurance and capital markets industries worldwide. Insurers increasingly need system to run their business that are rule-driven, flexible and easy both to implement and maintain.