Business Wire IndiaWNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced its partnership with Actuarial Risk Management, Ltd. (ARM), a U.S.-based consultancy specializing in comprehensive actuarial and modeling services. As a part of this partnership, ARM will offer its clients WNS’ offshore-centric actuarial services and end-to-end insurance capabilities including front, middle, and back-office solutions. WNS will leverage ARM’s 250 senior-level credentialed actuaries to provide its BPM clients with complimentary, project-based strategic advisory services.
“We are excited to join forces with ARM. Our industry-leading, end-to-end capabilities in the insurance industry combined with ARM’s onshore and near-shore actuarial resources will help insurers scale faster and respond to changing market conditions. Furthermore, in a market characterized by rising risk factors, regulation, and actuarial labor challenges, this partnership will enable insurers to access cost-effective and differentiated end-to-end insurance operations solutions,” said Keshav R. Murugesh, Group CEO, WNS.
"With WNS, we gain a partner that collaborates with global insurers to accelerate their digital transformation journey. ARM’s experienced onshore and near-shore insurance actuaries, coupled with WNS’ actuarial services will raise the bar on the transformation model that we deliver to our clients. From IFRS 17 and US GAAP LDTI project demands to staff shortfalls with recurring reporting and capital requirements, this alliance opens the possibilities for many over-strained and under-resourced insurers,” said Corwin Zass, Founder, ARM.
WNS’ 600+ Actuarial professionals seamlessly collaborate with clients’ staff actuaries across Life & Annuities and Property & Casualty insurance businesses. WNS’ actuarial key service offerings include finance and model modernizations, valuation and financial reporting, product development / management, and reinsurance. Additionally, WNS has over 450 data specialists that partner with our internal and external actuarial teams for data engineering, architecture, transformation, and reporting. Working with clients across North America, the UK / Europe and Australia, WNS also provides automation solutions for various processes within clients’ actuarial functions, bringing greater insights through in-depth technical analyses, and standardizing processes to improve efficiency and eliminate inconsistencies.
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