WNS, a provider of Business Process Management services, has launched a blockchain-enabled risk syndication solution.
Powered by IBM Hyperledger, WNS VeriChain is designed to address complexities and challenges in the syndicated insurance market.
The solution leverages decentralised ledger technology to enable specialty insurers to execute secure transactions in a multi-party ecosystem.
It offers a “single view of truth” for all stakeholders in the syndicate including brokers, carriers, and customers.
WNS VeriChain also offers end-to-end digitisation enabling brokers and carriers improve efficiency and profitability, while enhancing the end-customer experience.
“At WNS, we are focused on leveraging emerging technologies like Blockchain to offer state-of-the-art digital solutions that address critical business challenges faced by our clients,” said Keshav R. Murugesh, group Chief Executive Officer, WNS.
“WNS will continue to make strategic investments in new-age technologies with a goal of “co-creating” solutions designed to help our clients transform their businesses and create competitive advantage in their respective markets.”
