NelsonHall’s ‘Leader’ category is based on a company’s ability, in comparison to their peers, to deliver immediate benefits today and meet future client requirements. Providers were assessed on their current and future offerings and delivery capabilities, use of technology, market presence and momentum, and benefits achieved. WNS was recognized for its capability to transform and digitalize LA&P insurance business processes “end to end” including new business setup, underwriting, customer acquisition and administration, life claims administration, and distribution management. The report also highlights WNS’ two decades of experience in driving transformation in LA&P services, breadth of analytics and AI-enabled offerings, and its ‘insurance-in-a-box’ delivery model. In additional, WNS was cited for its strengths in comprehensive actuarial services, partnership-led competitive offerings, and a self-service application that helps brokers better manage their portfolios.
“WNS partners with Life, Annuities & Pension clients to help them meet their rapidly evolving business demands. Our deep domain knowledge, proprietary technology platforms and advanced analytics capabilities have helped us co-create new solutions with clients in this highly specialized insurance segment. WNS’ continued focus on strengthening domain expertise, innovative digital-first offerings, and high-end analytics capabilities have helped fast-track our clients’ digital transformation journeys,” said Keshav R. Murugesh, Group CEO, WNS.
Ashley Singleton, Insurance Analyst, NelsonHall, said, “WNS continues to enhance its breadth of analytic and AI-enabled solution offerings to life, annuities, and pension carriers through development of proprietary and partnered solutions to expand its comprehensive portfolio of digital solutions. We expect to see new and expanded partnerships with technology vendors and insurtechs, as well as growth of WNS’ LA&P client base.”
Today, WNS partners with over 50 global insurers, re-insurers, brokers and InsurTech companies to help drive digital transformation across the Property and Casualty (P&C), LA&P and Third-Party Administration (TPA) value chains. The company leverages its deep domain expertise, digital capabilities and a forward-thinking focus on automation and analytics to help clients scale faster, achieve agility, mitigate risks, reduce costs, and improve customer experience. WNS’ solutions target key functions including delegated underwriting, data and analytics, actuarial services, financial planning and analysis, end-to-end claims management, risk and compliance, shared services, and operations support for Pension Risk-Transfer (PRT) businesses. WNS’ comprehensive suite of digital solutions is powered by hyperautomation, AI, advanced analytics, blockchain, IoT, BPaaS platforms, NLP, and process re-engineering frameworks.