WNS and ARM Join Forces to Offer End-to-End Actuarial Services
September 22 2022 - 8:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) solutions, today announced its
partnership with Actuarial Risk Management, Ltd. (ARM), a
U.S.-based consultancy specializing in comprehensive actuarial and
modeling services. As a part of this partnership, ARM will offer
its clients WNS’ offshore-centric actuarial services and end-to-end
insurance capabilities including front, middle, and back-office
solutions. WNS will leverage ARM’s 250 senior-level credentialed
actuaries to provide its BPM clients with complimentary,
project-based strategic advisory services.
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“We are excited to join forces with ARM. Our industry-leading,
end-to-end capabilities in the insurance industry combined with
ARM’s onshore and near-shore actuarial resources will help insurers
scale faster and respond to changing market conditions.
Furthermore, in a market characterized by rising risk factors,
regulation, and actuarial labor challenges, this partnership will
enable insurers to access cost-effective and differentiated
end-to-end insurance operations solutions,” said Keshav R.
Murugesh, Group CEO, WNS.
"With WNS, we gain a partner that collaborates with global
insurers to accelerate their digital transformation journey. ARM’s
experienced onshore and near-shore insurance actuaries, coupled
with WNS’ actuarial services will raise the bar on the
transformation model that we deliver to our clients. From IFRS 17
and US GAAP LDTI project demands to staff shortfalls with recurring
reporting and capital requirements, this alliance opens the
possibilities for many over-strained and under-resourced insurers,”
said Corwin Zass, Founder, ARM.
WNS’ 600+ Actuarial professionals seamlessly collaborate with
clients’ staff actuaries across Life & Annuities and Property
& Casualty insurance businesses. WNS’ actuarial key service
offerings include finance and model modernizations, valuation and
financial reporting, product development / management, and
reinsurance. Additionally, WNS has over 450 data specialists that
partner with our internal and external actuarial teams for data
engineering, architecture, transformation, and reporting. Working
with clients across North America, the UK / Europe and Australia,
WNS also provides automation solutions for various processes within
clients’ actuarial functions, bringing greater insights through
in-depth technical analyses, and standardizing processes to improve
efficiency and eliminate inconsistencies.
About ARM
A well-positioned global provider of actuarial services,
Actuarial Risk Management (ARM) uses an innovative strategy to
provide the strategic advisory services delivered by its global
staff of more than 250 credentialed actuaries. ARM is founded on a
business model that delivers better advise without excessive fees,
and routinely combines actuarial and non-actuarial approaches to
enhance stakeholder objectives. ARM delivers a comprehensive
actuarial services menu to a world-wide insurance client base. ARM
is an independent U.S. alliance member of the global organization,
BDO. For more information, visit www.actrisk.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 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 June 30, 2022, WNS had 55,146
professionals across 53 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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CONTACT- WNS 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
CONTACT - ARM Media: Marc Altschull Chief of Staff
& Senior Consulting Actuary +1 (512) 345-5200
maltschull@actrisk.com
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