IBM Hyperledger powered solution

 

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WNS (Holdings) Limited has launched its blockchain-enabled risk syndication solution, WNS VeriChain for the insurance and re-insurance industry.

Powered by IBM Hyperledger, the solution addresses complexities and challenges in the syndicated insurance market.

Underpinned by deep domain expertise in the Insurance and Re-insurance industry, WNS’ VeriChain leverages decentralized ledger technology to enable specialty insurers to execute secure transactions in a multi-party ecosystem.

It offers a “single view of truth” for all stakeholders in the syndicate including brokers, carriers, and customers, helping drive increased transparency and cooperation thus overcoming disputes and eliminating the need for post facto reconciliations.

WNS VeriChain offers end-to-end digitization enabling brokers and carriers improve efficiency and profitability, while enhancing the end-customer experience.

“At WNS, we are focused on leveraging emerging technologies like Blockchain to offer state-of-the-art digital solutions that address critical business challenges faced by our clients,” WNS Group CEO Keshav R. Murugesh said on 29 Jan 2020 after the product launch.

“WNS will continue to make strategic investments in new-age technologies with a goal of “co-creating” solutions designed to help our clients transform their businesses and create competitive advantage in their respective markets,” Murugesh said.

WNS is a trusted partner to more than 30 insurance and re-insurance clients, providing end-to-end solutions across the entire insurance value chain.

It is conceptualizing and developing state-of-the-art, innovative business models helping disrupt today’s insurance industry.

Its digital solutions powered by deep domain expertise, technology and automation, and advanced analytics are helping clients drive true business transformation. fiinews.com

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