TCS launches beat solution for automation in underwriting

Top software exporter TCS has introduced a new platform which will increase the level of automation in underwriting for insurance business.

Top software exporter TCS  has introduced a new platform which will increase the level of automation in underwriting for insurance business.

"The solution automates the ability to capture, analyse and make use of data in order to determine risk exposure and risk aggregation," the Tata group company said in a statement here.

The solution, named 'Underwriting Workbench', combines dynamic case management, intelligent work flow and decision support systems with robust geospatial functions, it said.

It is designed to give underwriters full use of location-based technology and data in order to inform risk selection, the information gathering process, scoring, decision making and pricing.

"Within the insurance industry, there are extensive opportunities for location-based data and geospatial technologies, and while the volume of data is overwhelming, it is also of extraordinary value to underwriters," the company's president for healthcare and insurance Suresh Muthuswami said. 

TCS stock price

On March 05, 2015, at 11:10 hrs Tata Consultancy Services was quoting at Rs 2726.00, down Rs 17.4, or 0.63 percent. The 52-week high of the share was Rs 2834.00 and the 52-week low was Rs 2160.00.

The company's trailing 12-month (TTM) EPS was at Rs 104.29 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 26.14. The latest book value of the company is Rs 224.90 per share. At current value, the price-to-book value of the company is 12.12.

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