Convex Group Limited, an international specialty insurer and reinsurer with $1.8 billion of initial committed capital, has appointed WNS as its long-term strategic partner to build a first-of-its-kind, integrated, “Platform + BPM as-a-service” proposition across industry horizontals.
Unveiled by re/insurance industry experts Stephen Catlin and Paul Brand n April 2019, Convex underwrites insurance and reinsurance for complex specialty risks across a broad range of businesses in both London and Bermuda.
And while Convex will continue to leverage its underwriting and claims management expertise, WNS will now provide processing support with a deep re/insurance domain knowledge and track record in the specialty and reinsurance lines of business to design, build and implement a best-in-class unique target operating model.
“This is indeed a proud moment for our combined teams and a culmination of the focused efforts and collaboration, towards co-creating a unique end-to-end “Insurance in a Box” product solution and unique value proposition for the Convex Group,” said Keshav R. Murugesh, Group Chief Executive Officer, WNS.
“We are delighted to have been chosen as the strategic partner by the Convex Group and I am confident that we are going to set new industry benchmarks together. We look forward to working closely with the Convex Group to help establish them as a leader in the (re)insurance market and provide world-class services to their clients and brokers across the globe.”
Adrian Spieler, Group Chief Operating Officer, Convex, said, “Our team at Convex is excited to be building the “insurance company of the future” free from legacy systems and processes. We believe WNS has the operational excellence needed to support the execution of our business strategy.
“We are building a platform which is flexible, scalable and efficient and WNS will be a great partner to support us on our journey.”
