WNS Named a ‘Leader’ and ‘Star Performer’ in Property and Casualty Insurance BPO By Everest Group
May 21 2020 - 2:18PM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) services, today announced that it
has been recognized as a ‘Leader’ and ‘Star Performer’ in Everest
Group’s 2020 PEAK Matrix® for Property and Casualty (P&C)
Insurance BPO. This is the sixth consecutive year WNS has been
named a ‘Leader’ in Everest Group’s report, which assesses the
overall vision and capability, and market impact of service
providers in the property and casualty insurance industry.
WNS was cited for its focused ability to differentiate through
domain expertise, resulting in successful wins for consulting-led,
end-to-end operating model solutions. The report also highlights
WNS’ digital investments and capabilities, including the ability to
actualize automation projects, the company’s blockchain-based
“VeriChain” solution, and its “Insurance-in-a-Box” offering which
combines operations and technology to drive transformation. In
addition, the assessment notes WNS’ year-over-year double-digit
growth rate, expanding client portfolio in North America and APAC,
and specialized domain-intensive expertise in actuarial services,
risk management and the Lloyd’s syndicate.
“WNS’ continued recognition as a “Leader” in the P&C space
is a testament to our domain focused approach, targeted strategic
investments and solid execution. Our expanding capabilities across
domain, technology, analytics and process coupled with a
consulting-led digital operating model have positioned us to help
clients manage accelerating business disruption and improve
competitive positioning. Our previously announced strategic
partnership with a new-age insurer is a perfect example of WNS’
ability to co-create unique, end-to-end BPaaS operating models
designed to help create a “next generation” insurance company,”
said Keshav R. Murugesh, Group CEO, WNS.
“WNS has differentiated, domain-centric positioning in the
P&C insurance BPO market, with offerings and capabilities that
cover the full insurance value chain,” according to Skand Bhargava,
Practice Director, Everest Group. “Its investments in enhancing its
digital stack, upskilling its talent, and expanding its delivery
locations – both offshore and onshore – are reflected in its rapid
growth in 2019. And, WNS has further solidified its presence in the
North America, UK and Asia Pacific markets through new client
wins,” he added.
WNS’ thought leadership in the insurance space is underscored by
a recent WNS DecisionPoint report, which highlights COVID-19’s
impact on the insurance industry. The report discusses the
challenges associated with lower premiums and higher claims, and
how Analytics-embedded solutions are the key to setting future
premiums and re-designing policies by incorporating a pandemic
variable.
WNS partners with global insurance and re-insurance clients,
providing end-to-end solutions across the entire insurance value
chain. The company helps conceptualize and “co-create”
state-of-the-art, innovative business models that address and drive
disruption in today’s insurance industry. In addition, WNS has
delivered significant business value to global insurers through
analytics centers of excellence addressing insurance-specific
functional areas including financial reporting, cognitive data
capturing and processing, broker profiling, fraud analytics, loss
prediction, a cloud-based and self-serve business intelligence
analytics platform, NPS prediction, CAT modelling, AI-led social
media analytics, pricing analytics and liability prediction.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process
Management (BPM) company. WNS combines deep industry knowledge with
technology, analytics and process expertise to co-create
innovative, digitally led transformational solutions with over 375
clients across various industries. WNS delivers an entire spectrum
of BPM solutions including industry-specific offerings, customer
interaction services, finance and accounting, human resources,
procurement, and research and analytics to re-imagine the digital
future of businesses. As of March 31, 2020, WNS had 44,292
professionals across 61 delivery centers worldwide including
facilities in China, Costa Rica, India, the Philippines, Poland,
Romania, South Africa, Spain, Sri Lanka, Turkey, the United
Kingdom, and the United States. For more information, visit
www.wns.com.
Safe Harbor Provision
This document includes information which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events. Factors that
could cause actual results to differ materially from those
expressed or implied are discussed in our most recent Form 20-F and
other filings with the Securities and Exchange Commission. WNS
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20200521005658/en/
Investors: David Mackey EVP – Finance & Head
of Investor Relations WNS (Holdings) Limited +1 (201) 942-6261
david.mackey@wns.com
Media: Archana Raghuram Global Head – Marketing
& Communications and Corporate Business Development WNS
(Holdings) Limited +91 (22) 4095 2397 archana.raghuram@wns.com ;
pr@wns.com
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