TCS BFSI Platforms offers a cloud-native, as-a-service digital ecosystem powered by the TCS BaNCS for Insurance. TCS BaNCS for Insurance is an end-to-end core insurance solution spanning life, annuity, pensions, property and casualty, reinsurance, and health insurance, and is designed to support every event in the lifecycle of a policy. TCS BaNCS for Insurance is a complete insurance solution suite, structured by parameter-driven component based architecture, allowing flexible configuration and customization. The solution's easy-to-use, web-based interface supports global organizations with multiple languages and currencies. This solution also supports insurers of different sizes and complexities across the globe. TCS BaNCS solutions are built on the premise of a Digital First, Cloud First philosophy, and help Insurers and pension providers in structuring and delivering personalized, enriched experiences to their customers. The rich set of APIs cutting across the value chain enables Insurers to explore new distribution channels and integrate with marketplace to fulfill growth vision and deliver end customer outcome. TCS BaNCS is equipped to meet all the needs of Property & Casualty insurers. Thereby ensuring flexibility and scalability through quick deployment, easy configuration of rules and the capability to manage multiple variants of insurance products across the globe. TCS BaNCS for Insurance caters to all three Line of Business as follows: • Property and Casualty • Life & Annuity • Health For each of the Line of Business, certain components of the solution can be implemented as a standalone application. TCS BaNCS has multiple implementations worldwide where its Claims component has been operational in a full-fledged manner for end-to-end claim adjudication in the Property and Casualty Insurance Company. Its supports the entire Insurance value chain from Claim Processing perspective starting from FNOL till Claim Payments. The solution also supports Claim Investigation, Reserving, Processing, Subrogation & Recoveries, Litigation Management so forth and so on. Claims component of TCS BaNCS for Insurance can be integrated with any Core Policy Administration System for end-to-end Claims Processing and Settlement. Not only that, this component can be integrated with any third party Reinsurance Application and Billing System.