Top software exporter TCS has introduced a new platform which will increase the level of automation in underwriting for insurance business.

“The solution automates the ability to capture, analyse and make use of data in order to determine risk exposure and risk aggregation,” the Tata group company said in a statement here.

The solution, named ‘Underwriting Workbench’, combines dynamic case management, intelligent work flow and decision support systems with robust geospatial functions, it said. It is designed to give underwriters full use of location-based technology and data in order to inform risk selection, the information gathering process, scoring, decision making and pricing.

In terms of sector stance, the brokerage believes the focus should remain on alpha, rather than beta, he adds. “We would position for a potential recovery in the local economy through high quality financials with a strong liability franchise & manufacturing sectors with low financial leverage & high operating leverage – commercial vehicles & cement are key picks here. We would avoid chasing beta – particularly in segments like low quality financials & infrastructure conglomerates. Separately, we remain overweight on IT services & healthcare,” says Iyer.

The sharemarket is flat as the Sensex is up 34.16 points at 29414.89. The Nifty is at 8922.65. About 1003 shares have advanced, 887 shares declined, and 149 shares are unchanged. Cipla, Sun Pharma, HUL, Wipro and Dr Reddy’s Labs are top gainers in the Sensex. Among the losers are GAIL, Bharti Airtel, ICICI Bank, Hindalco and Hero MotoCorp.

Coustery : http://www.moneycontrol.com/news/local-markets/nifty-struggles-below-8950-bharti-icici-hero-laggards_1321339.html