WNS Recognized as a ‘Leader’ in P&C Insurance for the Ninth Consecutive Year by Everest Group
November 27 2023 - 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 ‘Leader’ for the ninth consecutive year
in Everest Group’s Property and Casualty (P&C) Insurance BPS
PEAK Matrix® Assessment 2023. The ‘Leader’ category includes
providers demonstrating high levels of vision and capability and
high levels of market impact. WNS was also named a ‘Star Performer’
by Everest Group based on the company’s year-over-year improvement
on the PEAK Matrix®.
WNS has maintained its leadership position by advancing
digitally-led solutions across the end-to-end P&C insurance
ecosystem, delivering business transformation to improve processing
and customer experience, and incorporating advanced ESG analytics
across claims management, underwriting, and agent/broker
evaluation. The assessment also highlights WNS as a P&C
provider of choice in the UK, including specialized capabilities in
servicing the Lloyd’s of London market, brokers, and agencies.
Everest Group has also highlighted WNS’ evolving positioning as a
technology and operations provider through its ‘Digital
Insurance-in-a-box’ offering (InVog). The offering combines
platform capabilities and Business Process Services (BPS) to foster
comprehensive digital transformation including both core technology
and processes.
“WNS’ years of deep domain experience backed by strategic
engagements with global P&C clients provide the foundation for
delivering digital transformation across the P&C value chain.
WNS has created a strong suite of unique, end-to-end insurance
solutions including outcome-led services that leverage AI, Gen AI
and advanced analytics. These have enabled insurance companies to
accelerate their digital journeys to help optimize costs and
operations, detect and eliminate fraud, and enhance customer
experience,” said Keshav R. Murugesh, Group CEO, WNS.
“Amidst the turbulent waters of economic uncertainty and
mounting operational costs fueled by soaring inflation, insurance
enterprises are increasingly turning to service providers to rein
in expenses and optimize operations. WNS continues to be a
preferred P&C insurance BPS provider due to its proactive
approach, precision, and transformational foresight for insurance
operational excellence. It has enhanced its capabilities in claims
and policy servicing areas by leveraging automation and analytics
through its Unified Analytics Platform, along with new InsurTech
partnerships, helping the insurance enterprises to enhance their
operational efficiency,” said Abhi Kothari, Practice Director,
Everest Group. “Additionally, WNS’ ‘in-a-box solution’ providing
analytics and AI solutions are helping them elevate their
relationships with the insurance enterprises and strengthen its
leadership position as a Star Performer in Everest Group Property
and Casualty (P&C) Insurance BPS PEAK Matrix Assessment
2023.”
WNS has over 65 global P&C clients across the end-to-end
insurance value chain covering personal, commercial and specialty
lines. WNS offers a full suite of digital-first services that
leverage deep domain knowledge, unique accelerators, InsurTech
partnerships, advanced analytics, and domain-led solutions to
innovate and transform operations for P&C insurers. The company
has over 11,500 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 600
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 September 30, 2023, WNS had 59,873
professionals across 67 delivery centers worldwide including
facilities in Canada, China, Costa Rica, India, Malaysia, the
Philippines, Poland, Romania, South Africa, 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/20231123435005/en/
Investors: David Mackey EVP
– Finance & Head of Investor Relations WNS (Holdings) Limited
+1 (646) 908-2615 david.mackey@wns.com
Media: Archana Raghuram EVP
& Global Head – Marketing & Communications WNS (Holdings)
Limited +91 (22) 4095 2397 archana.raghuram@wns.com; pr@wns.com
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