TCS Financial Solutions has announced that its client, CIG Kozep-Europai Biztosito Zrt., (Pannonia Insurance) in Hungary, a recently-incorporated Insurance company based in Budapest, has gone live with TCS BaNCS Insurance. The new system will allow the company to launch its 'Unit-linked Life Insurance' business.

TCS BaNCS Insurance provides a complete end-to-end, web based solution for the life and pensions business, supporting unit linked and traditional products, sales channels, and lifecycle functionalities, including customer management, product differentiation, policy servicing, claims management, insurance accounting and other new product innovations. TCS BaNCS Insurance was configured for Pannonia Insurance to suit the entire core ‘Unit Linked Life insurance’, claim, accounting, customer portfolio management, sales channel commission management, document manager and interfacing functionalities as required by Pannonia.