Mumbai: Tata Consultancy Services (TCS) said that Bajaj Allianz General Insurance has adopted TCS BaNCS cloud for insurance. The private insurer has successfully moved its core policy administration system for its travel lines of businesses onto TCS BaNCS Cloud for Insurance.
Bajaj Allianz selected TCS BaNCS Cloud for Insurance with the goal of adopting new technologies and leveraging cognitive solutions. It will build operational efficiencies, power its digital transformation journey, and improve customer experience (CX).
This migration makes it the first premier general insurance carrier in India to embrace a cloud platform.
“We believe that, new age technology is a great facilitator for providing best in class customer experience. Deploying TCS BaNCS Cloud for Insurance on AWS platform is a significant milestone for us,” said Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance.
“With this new cloud platform, we will be able to leverage an array of digital technologies in addition to optimizing our infrastructure for better availability and scalability,” added Singhel.
“In a Digital First, Cloud First world, TCS BaNCS for Insurance is the digital core that has been helping progressive insurers across the world accelerate their Business 4.0 journeys, power their growth and create exponential value for their stakeholders,” said Ujjwal Mathur, Country Head, TCS India.
“We are delighted to onboard Bajaj Allianz on our high-performance, future-ready cloud platform and help deliver superior outcomes,” added Mathur.
TCS BaNCS Cloud for Insurance is an end-to-end core insurance SaaS solution spanning life, annuity, pensions, property and casualty, reinsurance, and health insurance.
It supports multiple public and private clouds, enabling insurers to reduce their cost of IT infrastructure and benefit from global availability, scalability, security, and agility.