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TCS BaNCS Cloud helps Myanmar-Based Insurer
ACCELERATE
INNOVATION and ENHANCE CUSTOMER EXPERIENCE
KBZ MS General Insurance and KBZ Life Insurance , the first officially licensed private insurance providers in Myanmar , have successfully moved to TCS BaNCS Cloud for Insurance .
KBZ MS has a presence in twenty cities in Myanmar , covering the full range of general insurance needs from motor insurance to property , fire , shipping and health insurance for individuals and groups . KBZ Life was created as a spin-off in September 2019 following a regulatory split of insurance companies into either Life Insurance or General Insurance companies . The insurers were established in June 2012 as part of the KBZ Group of Companies , under the name of IKBZ Insurance Co . Ltd .
Both insurers have selected TCS BaNCS Cloud for Insurance to transform their legacy core systems to a modern , scalable digital solution .
The integrated solution , spanning property and casualty , health , and life insurance , went live during the disruptive COVID-19 lockdown period , enabled by TCS ’ Secure Borderless Workspaces™ , a transformative operating model that allows organizations to fully and seamlessly transition to virtual workspaces .
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