WNS Partners with By Miles for the World’s First Connected Car Insurance
February 15 2021 - 8:00AM
Business Wire
WNS Assistance, a part of the WNS insurance offering and one of
the UK’s leading providers of end-to-end claims management
solutions, today announced a new partnership with By Miles, an
insurtech startup and motor Managing General Agent (MGA), to manage
claims for a first-of-its-kind connected car insurance
policy using the real-time data of the vehicle.
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WNS Assistance will deliver 24x7 claims management solutions for
the company’s pay-by-mile policies, an innovative car insurance
offering for drivers of connected cars who cover under 7,000 miles
a year. This offering combines cutting-edge technology with a
mobile app and uses actual mileage data directly from the vehicle’s
mileometer to calculate monthly premiums.
“The insurance industry is going through a metamorphosis across
the globe. WNS is proud to be part of this dramatic evolution, and
is constantly innovating to deliver solutions that help our clients
disrupt the competitive landscape and offer exceptional experiences
to customers. This partnership with By Miles for the world’s first
connected car insurance is an excellent example of our capability,”
said Keshav R. Murugesh, Group CEO, WNS.
The WNS Assistance claims solution also places a priority on
driver safety and vehicle security. It links customers with a 24/7
First Notice of Loss (FNOL) team and dedicated claims managers to
proactively make contact and to alert emergency services when
required. WNS initiates several immediate solutions depending upon
the scenario, including the arrangement of rapid response services
to severe accidents.
This unique solution helps accelerate claims lodgements,
decrease indemnification costs , and reduce fraudulent and
exaggerated claims, providing customers with effortless and
user-friendly service.
About By Miles By Miles is a
UK company that provides pay-as-you-drive car insurance aimed at
those who drive fewer than 7,000 miles a year. The company launched
its first pay-by-mile policies in July 2018, using a plug-in device
called a Miles Tracker to count mileage, and has now sold over
30,000 policies. The company recently launched its new policy for
Tesla cars that goes one step further, collecting mileage data
directly from the car over the internet, without the need for any
additional device or software.
Drivers pay an upfront sum to cover their car while it’s parked
and are then billed at the end of each month for the miles they
drive. This offers many drivers the opportunity to cut their bills
if they mostly use their cars for regular short trips or at
weekends.
By Miles policies are fully comprehensive, underwritten by a
panel of insurers including Zurich Insurance plc and Mulsanne
Insurance Limited, and as of 30th January 2021 were rated 4.7 out
of 5 stars on Trustpilot. By Miles is authorized and regulated by
the Financial Conduct Authority and has been voted ‘Car Insurance
Provider of the Year’ two years in a row at the Insurance Choice
Awards 2019 and 2020.
For further information on By Miles, please contact:
hello@bymiles.co.uk
About WNS Assistance WNS
Assistance is one of the leading providers of end-to-end claims
management solutions to clients across the UK – from MGAs and
blue-chip insurers to a range of fleets and broker businesses. It
currently manages over 100,000 claims per annum across property,
motor and legal underpinned by a responsive, flexible and fully
transparent process to result in reduced indemnity spend and
outstanding customer experience. For more information please visit
www.wnsa.com/
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 December 31, 2020, WNS had 42,830 professionals
across 60 delivery centers worldwide including facilities in
Australia, 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/20210215005130/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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