Modernized Underwriting Solution on Azure

Underwriting Risk Insights Solution on Microsoft Azure, © Copyright [2023], Tata Consultancy Services Limited. All Rights Reserved, offer next-gen capabilities on Microsoft Azure that provides broader digital, data-driven, AI-Led underwriting features that enable automated/accelerated underwriting decisions, accelerate innovation of new business models, products, services, pricing strategies, and much more.

TCS Underwriting Risk Insights for Life Insurance Industry offers Next-Gen capabilities on Microsoft Azure that provides features based on Artificial Intelligence, Graph Analytics, Business Intelligence etc., to drive quick, accurate and informed underwriting decisions. AI-based analytics brings the underwriting process closer to the point of sale, enabling agents to quote, submit, receive decisions, and issue policies, while improving the efficiency of the insurance value chain using straight-through processing. Its recommendation engine offers suggestions for medical examinations, risk classes, profile highlights and scores, probability of claims, and final decision of accepting or rejecting applications.

The engagement provides consulting and professional service including implementation in customer environment.

It includes various Microsoft Azure Data & AI components like Azure Synapse Analytics, Azure Logic Apps, Azure Form Recognizer, Azure Cosmos DB, Power BI, Azure App Service, Azure Machine Learning, Azure Data Lake Storage Gen2, Azure Function App, Azure Cognitive Search, Azure Cognitive Services Language API.