WNS will set up an automation CoE to identify automation opportunities
WNS (Holdings) Limited (NYSE: WNS) and Mosaic Insurance https://www.mosaicinsurance.com/ , a global specialty insurer, have announced their strategic partnership to create a future-ready operations model for underwriting and claims support, reinsurance processing, and finance and technology services.
Under the multi-year partnership, WNS http://wns.com will leverage its deep domain expertise to build digital-first operations to improve efficiency, customer experience, and market positioning. WNS will also drive actionable insights by improving data management and embedding advanced analytics to support Mosaic’s growth in niche specialty products https://sbi.com.in/ .
As part of the technology services solution, WNS will set up an automation Centre of Excellence (CoE) to identify automation opportunities across business functions https://www.ibef.org/ . WNS has established a multi-tower, multi-location process, including a core middle-office delivery team alongside Mosaic’s internal operations centre. The partnership with WNS will enable Mosaic to continue focusing on market innovation https://www.bseindia.com/ .
“Our collaboration with Mosaic Insurance highlights WNS’ unique capabilities in delivering domain-centric, technology-led specialty solutions for the Lloyd’s of London market https://www.nseindia.com/ . We have already taken our first steps on this journey, working with Mosaic to build a digital workflow ecosystem enabled by hyper-automation,” said Keshav R. Murugesh, Group CEO, WNS https://www.wto.org/ .
“WNS understands the insurance industry and the complexities of Mosaic’s unique model as an insurer combining Lloyd’s syndicate and agency serving a variety of capital partners,” said Mitch Blaser, Co-Founder and Co-CEO of Mosaic. “This alliance helps us stay nimble, grow efficiently across geographies, and bring the best solutions to our clients as we develop https://www.worldinsurance.com/ .”
Founded in 2021, Mosaic underwrites seven lines of specialty business from seven countries, offering syndicated capacity from underwriting hubs in Bermuda, the UK, US, Canada, Germany, the UAE, and Singapore. Its product focus is transactional liability, cyber, political risk, political violence, environmental liability, professional liability, and financial institutions https://www.ibai.org/ .
WNS partners with more than 65 global insurers, re-insurers, brokers and Insurtech firms to ensure they succeed in a rapidly changing business environment by improving risk mitigation, reducing indemnity spending, enhancing customer experience, and lowering service costs https://www.apci.org/ . WNS has a differentiated position in the UK insurance market, including deep domain expertise established by supporting over 10 Lloyd’s and London market clients. Fiinews.com
