Orlando, FL (PRWEB) May 16, 2012
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Outsourcing (BPO) services, released a whitepaper on High-end Actuarial Risk Management Solutions – To Rationalize the Impact of Emerging Regulatory Trends on US Insurers, at the ACORD LOMA Insurance Systems Forum, USA’s premier event for the insurance industry, held at Rosen Shingle Creek, Orlando, FL, USA, from May 15-17, 2012.
The white paper, released on the first day of the event, puts forth important insights on the potential impact of emerging regulatory changes like Solvency II, Solvency Modernization Initiative (SMI) and Own Risk and Self Assessment (ORSA) Proposal on US insurers. The paper also presents solutions to tackle the rapidly changing regulatory environment in the form of advanced risk management practices and high-end actuarial services provided by progressive outsourcing partners like WNS.
Critical topics addressed in the whitepaper include:
•The key implications of Solvency II on US-based insurers
•Shift from a rules-based approach to a principles-based approach to supervision and regulation
•The Potential Impact of Solvency II on US-based Insurers: on US Subsidiaries of EU Parent Companies as well as EU Subsidiaries of a US Parent
•The impact of other regulatory changes like Solvency Modernization Initiative (SMI), Own Risk and Self Assessment (ORSA) Proposal and Solvency II Equivalence on US insurers
•How high-end risk management and actuarial services will rationalize the impact of these regulations
Speaking about the impending challenges that the global Insurance industry is set to face, Gautam Barai, Business Unit Head, Insurance Services at WNS, said “The Insurance industry is witnessing unprecedented changes in the form of new regulations that will lead to challenges in the business environment. Advanced BPO offerings like platform and non-linear models, as well as high-end analytics will not only help insurers cope with the changes effectively, but also drive business value in the form of cost and process efficiencies.”
“WNS is a global leader in delivering actuarial offshore and onshore services, to some of the biggest insurance companies in the world. Our specialized actuarial services are focused towards meeting the emerging needs of our customers across all domains of the insurance industry including, Retirement, Life, Annuity, Property & Casualty, Health Insurance and Reinsurance. I am sure this white paper will help insurers in the US market, understand the criticality of Solvency II and other regulatory changes that can help them create stronger risk management and governance measures, to sustain their global competitiveness,” he added.
To read more about the recent developments in US financial regulation, potential Impact of Solvency II on US-based Insurers and High-end Actuarial Risk Management Solutions, please write to marketing(at)wns(dot)com.
WNS (Holdings) Limited (NYSE: WNS), is a leading global business process outsourcing company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics and Healthcare and Utilities. WNS delivers an entire spectrum of business process outsourcing services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. WNS has over 23,000 professionals across 25 delivery centers worldwide including Costa Rica, India, Philippines, Romania, Sri Lanka and United Kingdom. For more information, visit http://www.wns.com.
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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.