Pricing excellence is a strategic imperative to ensure that insurers are able to write the right risks at the right price. And actuaries have always played a very prominent role in the personal line pricing (as the nature of work involved is usually similar to that of various statistical analyses) although actuarial involvement in the commercial line pricing had been relatively low earlier. However, with data science advancement, changing regulatory landscape and stringent competition, the demand for actuarial support for both commercial and personal pricing has increased significantly. But accessing the right skill sets at the right price, amid escalating demand, has become quite challenging. This has driven actuarial pricing functions of insurance organizations to seek additional support to meet their business requirements.
WNS partners with a range of leading global P&C insurers to provide a comprehensive suite of both Personal and Commercial line pricing solutions. Whether it is simple staff augmentation or supporting key transformation initiatives, WNS can provide highly skilled and experienced resources to help support clients in the pricing and underwriting arena. WNS has developed deep expertise across a range of areas, including technical pricing, market benchmarking / pricing, and analysis & reporting.