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The country's largest software exporter Tata Consultancy Services has been engaged by banking and financial services company Westpac New Zealand to upgrade its life insurance software platform.
Westpac will be deploying TCS Bancs Insurance (TCS' suite of insurance software products) for an undisclosed amount. According to a press statement, TCS BaNCS Insurance provides end-to-end solution for the insurance business, supporting all mainstream products, sales channels, and lifecycle functionalities.
“After an extensive evaluation process, we selected TCS BaNCS Insurance solution due to its flexibility, ease of configuration and strategic technical fit with our Insurance related business requirements. The transformation program will enable the insurance business to respond rapidly to changing market conditions as well as offer improved levels of service to Westpac's customers,” said Mr Kevin Crowley, Head of Insurance of Westpac, said.
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