WNS Recognized as a ‘Leader’ in P&C Insurance by Everest Group for the 8th Consecutive Year
May 23 2022 - 8:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) solutions, today announced that
it has been recognized as a global ‘Leader’ for the eight
consecutive year in Everest Group’s Property and Casualty (P&C)
Insurance BPS – Service Provider Landscape with Services PEAK
Matrix® Assessment 2022. The PEAK Matrix® assesses providers on
their market impact and their ability to deliver services
successfully (vision & capability).
WNS’ leadership position is highlighted by the company’s global
presence in major markets including the US, UK and Australia; a
diversified range of clients across carriers, reinsurers, brokers,
intermediaries, and TPAs; and a large, domain-certified resource
base. The report also notes WNS’ breadth of P&C capabilities
including claims management, underwriting, actuarial, policy
servicing and reporting, regulatory compliance and risk, fraud
management, and analytics. Everest lists WNS’ broad range of
technology solutions and tools, and mentions the company’s ability
to build digitally sophisticated solutions such as the
“insurance-in-a-box” offering. Additionally, WNS’ unique
capabilities in servicing the Lloyd’s of London market and the
new-age InsurTech space are also highlighted.
“Globally, insurance players across-the-board are prioritizing
the shift to digital. WNS is well-positioned to fast-track
digitally led transformation journeys for our clients and deliver
their desired outcomes,” said Keshav R. Murugesh, Group CEO, WNS.
“Our comprehensive portfolio of digital solutions leveraging deep
domain expertise enables our clients – including traditional
players and InsurTechs – to become more adaptive, resilient and
competitive in a rapidly evolving market. This recognition by
Everest Group reinforces WNS’ proven ability to deliver sustained
value across the entire P&C insurance spectrum.”
“WNS is a prominent name among the leading players in the
P&C insurance BPS market and has been subsequently featured as
a ‘Leader’ in Everest Group’s P&C Insurance BPS PEAK Matrix®
2022,” said Somya Bhadola, Practice Director, Everest Group, “Its
continued market strength is a result of its ingrained domain
expertise, which also translates in its digital solutioning
capabilities. With a strong focus on becoming a preferred digital
transformation partner in this market, it continues to
correspondingly align its value proposition through innovative
in-a-box offerings, end-to-end servicing capability and modern
commercials. Further, its attempt at diversifying its client base
beyond the traditional carrier segment and servicing niche client
categories, particularly the Lloyd’s’ syndicates, InsurTechs, and
brokers puts it in a favorable position to capitalize on a broader
expanse of emerging market opportunities.”
WNS has over 55 global P&C clients across the end-to-end
value chain covering personal, commercial and specialty lines,
including 10 relationships in the Lloyd’s of London market. WNS
offers a full suite of digital-first services that leverage deep
domain knowledge, unique accelerators, InsurTech partnerships,
advanced analytics, and domain-led digital transformation solutions
to innovate and transform operations for P&C insurers. The
company currently has over 10,000 global employees supporting
P&C clients, including domain certified staff, actuarial teams,
and dedicated data scientists.
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 400
clients across various industries. WNS delivers an entire spectrum
of BPM solutions including industry-specific offerings, customer
experience services, finance and accounting, human resources,
procurement, and research and analytics to re-imagine the digital
future of businesses. As of March 31, 2022, WNS had 52,081
professionals across 54 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 or follow us on
Facebook, Twitter, LinkedIn, and Instagram.
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/20220523005439/en/
Investors: David Mackey EVP–Finance & Head of
Investor Relations WNS (Holdings) Limited +1 (646) 908-2615
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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