Accelerating Digital Transformation in Lloyd’s of London
A series of disruptive forces, including the demand for new services driven by innovative operating models, is bringing about rapid changes in the Lloyd’s of London Market. Lloyd’s companies are under pressure to develop new products and broader solutions while building agile operating models. There’s also the need to enforce deep cultural changes and deploy niche skills to confidently tackle emerging risks and technology-led disruptions.
WNS’ deep domain knowledge and proven digital transformation capabilities effectively enable businesses operating in the Lloyd’s market to adapt to the changes. We provide end-to-end support, right from underwriting through to claims. Some of the key tangible outcomes delivered include ~50 percent cost efficiency through standardization and consolidation, and additional benefits of ~25 percent through the application of Robotic Process Automation (RPA), analytics and process re-engineering.
Our Lloyd's of London Market solutions leverage data-to-insights capabilities, digital accelerators and hyperautomation to reduce operational costs, improve speed-to-market and ensure faster, borderless processing and settlement of claims.