Tata Consultancy Services, a global IT services firm based in Mumbai, India, has been named a "Preferred Partner" by ISO for the ISO Rating Service. ISO is a leading provider of products and services that help measure, manage and reduce risk. As a result, TCS' flagship insurance framework, Integrated Insurance Management System (IIMS), will be expanded with the content of ISO circulars--loss costs, forms assignment and rules based on state regulations--supported and validated by ISO's industry experts and actuarial staff.
IIMS is an Internet-based solution that handles all the key insurance functions, including product definition, handling of policies, administration, claims, agency management and customer relationship management (CRM) in ISO lines. IIMS can be deployed by insurers as an integrated system or as separate components.
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