WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
digital-led Business Process Management (BPM) solutions, and Mosaic
Insurance, a global specialty insurer, today announced their
strategic partnership to create a future-ready operations model for
underwriting and claims support, reinsurance processing, and
finance and technology services.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240618470586/en/
L to R : Reeva Bakhshi, CFO, Mosaic;
Mitch Blaser, Co-CEO, Mosaic; Keshav R. Murugesh, Group CEO, WNS;
and Krishnan Ethirajan, COO, Mosaic (Photo: Business Wire)
Under the multi-year partnership, WNS 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.
As part of the technology services solution, WNS will set up an
automation Center of Excellence (CoE) to identify automation
opportunities across business functions. WNS has established a
multi-tower, multi-location process, including a core middle-office
delivery team alongside Mosaic’s internal operations center. The
partnership with WNS will enable Mosaic to continue focusing on
market innovation.
“Our collaboration with Mosaic Insurance highlights WNS’ unique
capabilities in delivering domain-centric, technology-led specialty
solutions for the Lloyd’s of London market. We have already taken
our first steps on this journey, working with Mosaic to build a
digital workflow ecosystem enabled by hyperautomation,” said Keshav
R. Murugesh, Group CEO, WNS.
“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.”
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, UAE, and
Singapore. Its product focus is transactional liability, cyber,
political risk, political violence, environmental liability,
professional liability, and financial institutions.
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. 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.
About Mosaic Insurance
Mosaic is a global specialty insurer with exceptional
underwriting talent, a focus on complex product lines, full
claims-settlement authority, and an award-winning, digitized
operating model. Deploying capital from insurance carrier partners
alongside that of our own Lloyd’s Syndicate 1609, Mosaic offers
capacity and custom service through a worldwide network. We harness
the heritage of Lloyd’s and benefit from the market’s global
licenses and financial-strength ratings. Visit mosaicinsurance.com
and follow us at @Mosaic1609.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process
Management (BPM) company. WNS combines deep industry knowledge with
technology, analytics, and process expertise to co-create
innovative, digitally led transformational solutions with over 600
clients across various industries. WNS delivers an entire spectrum
of BPM solutions including industry-specific offerings, customer
experience services, finance and accounting, human resources,
procurement, and research and analytics to re-imagine the digital
future of businesses. As of March 31, 2024, WNS had 60,125
professionals across 65 delivery centers worldwide including
facilities in Canada, China, Costa Rica, India, Malaysia, the
Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the
United Kingdom, and the United States.
For more information, visit www.wns.com or follow us on
Facebook, Twitter, LinkedIn, and Instagram.
Safe Harbor Provision
This document includes information which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events. Factors that
could cause actual results to differ materially from those
expressed or implied are discussed in our most recent Form 20-F and
other filings with the Securities and Exchange Commission. WNS
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise.
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WNS CONTACT:
Investors: David Mackey EVP – Finance
& Head of Investor Relations WNS (Holdings) Limited +1 (646)
908-2615 david.mackey@wns.com
Media: Archana
Raghuram EVP & Global Head – Marketing & Communications
WNS (Holdings) Limited +91 (22) 4095 2397 archana.raghuram@wns.com;
pr@wns.com
MOSAIC INSURANCE CONTACT:
Media: Rosemary Jones Chief
Communications Officer +1 441 337 4696
rose.jones@mosaicinsurance.com
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