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Pacific Life partners with WNS for end-to-end PRT administration

30th September 2021 - Author: Charlie Wood

US life insurer Pacific Life is partnering with WNS, a provider of business process management solutions, to provide end-to-end operations support for its Pension Risk-Transfer (PRT) business.

WNS will focus on transforming Pacific Life’s existing onboarding and service processes, including payment processing, accounting and data cleansing.

This will be achieved via optimal use of its digital analytics and customer experience capabilities, and a strong PRT competency.

WNS will also provide AI-led analytics capabilities to help enable improved visibility into the business and customer experience.

This, combined with a forward-looking customer experience strategy, is expected to help Pacific Life drive automation and channel expansion to deliver unmatched personalization and participant experience.

“Co-creating digital transformation journeys with partners that are focused on optimizing operational efficiencies and delivering impeccable customer experiences have been focus areas for us at WNS,” said said Keshav R. Murugesh, Group CEO.

“This partnership with Pacific Life will enable us to leverage our deep domain expertise and AI and ML-led solutions to drive operational excellence across the board.”

“WNS’ vast experience in the pensions and insurance space coupled with cutting-edge solutions including intelligent analytics capabilities and next-gen customer experience strategies will help Pacific Life enhance its scalability, speed-to-market, service excellence, and value creation,” said Brian Woolfolk, senior vice president and head of Pacific Life’s Institutional Division.

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