London, United Kingdom & New York, United States & Mumbai, Maharashtra, India:
WNS (Holdings) Limited (NYSE: WNS), a main supplier of worldwide Business Process Management (BPM) options, at present introduced that it has been acknowledged as a ‘Leader’ in Digital Platform and Augmentation Suite (DPAS) in Insurance BPS in Everest Group’s 2022 PEAK Matrix™ Assessment.
The DPAS-specific PEAK Matrix™ Assessment evaluated insurance BPS suppliers in 4 areas – automation, cognitive, analytics, and consumer experience-focused companies. WNS was acknowledged as a chief for its CoEs in key features (together with actuarial, analytics and underwriting), strong partnerships, analytics capabilities to drive new gross sales and claims administration, and hyperautomation to drive end-to-end business transformation. WNS’ well-rounded DPAS choices embody clever automation capabilities utilizing low/no-code platforms and digital options together with Intelligent Document Processing (IDP).
“We are delighted to be recognized as a Leader by Everest Group for our digital-first solutions underpinned by deep industry knowledge, leading-edge technology, and advanced analytics. Our early investments in creating integrated digital platforms and an agile ecosystem have helped WNS to aid global insurers in fast-tracking their digital transformation journeys,” mentioned Keshav R. Murugesh, Group CEO, WNS.
“Insurance enterprises have come a long way to seek value beyond labor arbitrage. They have started realizing that the digital capabilities of insurance BPS providers can be a significant change agent, as the industry experiences disruption in customer preferences and changing product dynamics. WNS, being a significant player within this market, has made noteworthy investments in key domain areas such as actuarial, underwriting, and claims processing, as well as has developed sophistication in digital tools, such as analytics, AI, and automation, to help clients harness the potential shifts from digitization. Understanding the evolving market dynamics and client expectations, it has also developed innovation centers, hyper-automation capabilities, a partner ecosystem with InsurTechs and platform providers, as well as a consulting practice for creating customized solutions for clients,” mentioned Abhi Kothari, Practice Director, Everest Group.
WNS’ insurance portfolio consists of greater than 55 world insurers, re-insurers, brokers and InsurTech corporations. The firm manages greater than 30 million claims transactions yearly, masking claims spending of greater than $13 billion. Our purchasers’ digital transformation journeys are pushed by WNS’ {industry} experience, data-to-insights capabilities, and built-in digital working fashions. WNS’ digital-first options support purchasers in staying forward of the curve by enhancing danger mitigation, decreasing indemnity spending, decreasing value of companies, and enabling superior buyer expertise.
WNS (Holdings) Limited (NYSE: WNS) is a main Business Process Management (BPM) firm. WNS combines deep {industry} information with expertise, analytics, and course of experience to co-create modern, digitally led transformational options with over 400 purchasers throughout varied industries. WNS delivers a whole spectrum of BPM options together with industry-specific choices, buyer expertise companies, finance and accounting, human assets, procurement, and analysis and analytics to re-imagine the digital future of companies. As of September 30, 2022, WNS had 57,503 professionals throughout 60 supply facilities worldwide together with amenities in Canada, China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States.
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This doc consists of info which can represent forward-looking statements made pursuant to the protected harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of that are essentially topic to dangers, uncertainties, and assumptions as to future occasions. Factors that might trigger precise outcomes to vary materially from these expressed or implied are mentioned in our most up-to-date Form 20-F and different filings with the Securities and Exchange Commission. WNS undertakes no obligation to replace or revise any forward-looking statements, whether or not as a results of new info, future occasions, or in any other case.
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David Mackey (EVP – Finance & Head of Investor Relations), WNS (Holdings) Limited, [email protected], +1 (646) 908-2615
Archana Raghuram (Global Head – Marketing & Communications and Corporate Business Development), WNS (Holdings) Limited, [email protected]; [email protected], +91 (22) 4095 2397
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