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BestServe
Financial
Limited
Hong Kong insurer unifies core pension administration
and undergoes legacy transformation with TCS
By Dipan Talukdar, Group Leader, TCS Financial Solutions
and Gautam Mondal, Delivery Owner, TCS Financial Solutions
Over 150 authorized companies sell life insurance and general insurance in the global
financial center of Hong Kong, and more competition is on the way, including financial
institutions from mainland China expanding into insurance through acquisition or
partnership.
BestServe intends to modernize the pension administration platform through a technology
upgrade accompanied by a major business process transformation initiative.
Vendor evaluations commenced in 2016, and after several months reviewing multiple
candidate firms, BestServe selected TCS BaNCS to be its core administration system in its
Pension line of business. This represents the first implementation of TCS BaNCS for Insurance
in Southeast Asia, and the first unified, platform-based pension administration system in
Hong Kong.
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The TCS people we have onsite are passionate,