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Underpinning Transformational Change  and  Embedding   Innovation  In The U.K. Insurance Sector: What Does It Mean In Practice?
Jeremy Owenson And WNS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Jeremy Owenson And WNS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Lines Of Business Serviced Personal Lines Commercial Lines                                 Agency Management Annuities Pensions Health Liability Life Sales and Customer Service New Business Quotes /  Cancellation / Setup Policy Administration Claims Management Inbound Customer Service Centers Shared Services Across All Product lines Finance and Accounting, Business Transformation, Research and Analytics
Identifying Core Areas For Change
Core Areas Of Change Increased  indemnity costs Regulatory pressures Operational  costs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Core Areas Of Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Increased  indemnity costs
Core Areas Of Change Regulatory pressures ,[object Object],[object Object],[object Object],[object Object],[object Object]
Actuaries And India ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Core Areas Of Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Core Areas Of Change ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Understanding Mixed Opinion
The Sacred Cows! ,[object Object],[object Object],Standard Distribution Actual Result First Quartile (top) 25% Second Quartile 25% Third Quartile 25% Fourth Quartile (bottom) 25%
The Sacred Cows! ,[object Object],[object Object],Standard Distribution Actual Result First Quartile (top) 25% 57% Second Quartile 25% 43% Third Quartile 25% 0% Fourth Quartile (bottom) 25% 0%
The Sacred Cows! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Are The Opportunities For The Board Room
The Opportunities For The Board ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Key To Transformation And Development Of A Strong Future Strategy
The Opportunities For The Board ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Opportunities For The Board ,[object Object],[object Object]
www.wns.com  This presentation and any files attached and/or transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. No part of this presentation may be given, lent, resold, or disclosed to any unintended recipients or exploited for any commercial purposes. If you are not the intended recipient and you have received this presentation in error, please return this material to the sender immediately and forthwith delete and destroy the presentation including any copies thereof from your records. We hereby notify that disclosing, distributing, copying, reproducing, storing in a retrieval system, or transmitting in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, or taking any action in reliance on the contents of the presentation in its entirety or any part thereof is strictly prohibited without the prior written consent of WNS, such consent being given at the sole discretion of WNS. Any views or opinion expressed in this presentation are those of the author and do not necessarily represent that of WNS. WNS makes no representations and to the full extent permissible by applicable law, WNS disclaims any warranties of any kind, express or implied, including any warranty of merchantability, accuracy, fitness or applicability for a particular purpose, and non-infringement of third party rights, as to the information, content and materials.  For more outsourcing solutions for insurance industry visit www.wns.com/services/insurance Gate No.4, Godrej & Boyce Complex Pirojshanagar, Vikhroli West, Mumbai 400 079 Tel : +91 22 4095 2100 Fax : +91 22 2518 8350 420 Lexington Avenue Suite 2515 New York, NY 10170 Tel : +1 212 599 6960 Fax : +1 212 599 6962 EUROPE The Lodge Harmondsworth Lane West Drayton, Middlesex UB7 0AB Tel : +44 208 754 8289 Fax : +44 208 754 8307 INDIA NORTH AMERICA

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Embedding Innovation in the U.K. Insurance

  • 1. Underpinning Transformational Change and Embedding Innovation In The U.K. Insurance Sector: What Does It Mean In Practice?
  • 2.
  • 3.
  • 4. Lines Of Business Serviced Personal Lines Commercial Lines                                 Agency Management Annuities Pensions Health Liability Life Sales and Customer Service New Business Quotes / Cancellation / Setup Policy Administration Claims Management Inbound Customer Service Centers Shared Services Across All Product lines Finance and Accounting, Business Transformation, Research and Analytics
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 13.
  • 14.
  • 15.
  • 16. What Are The Opportunities For The Board Room
  • 17.
  • 18. The Key To Transformation And Development Of A Strong Future Strategy
  • 19.
  • 20.
  • 21. www.wns.com This presentation and any files attached and/or transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. No part of this presentation may be given, lent, resold, or disclosed to any unintended recipients or exploited for any commercial purposes. If you are not the intended recipient and you have received this presentation in error, please return this material to the sender immediately and forthwith delete and destroy the presentation including any copies thereof from your records. We hereby notify that disclosing, distributing, copying, reproducing, storing in a retrieval system, or transmitting in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, or taking any action in reliance on the contents of the presentation in its entirety or any part thereof is strictly prohibited without the prior written consent of WNS, such consent being given at the sole discretion of WNS. Any views or opinion expressed in this presentation are those of the author and do not necessarily represent that of WNS. WNS makes no representations and to the full extent permissible by applicable law, WNS disclaims any warranties of any kind, express or implied, including any warranty of merchantability, accuracy, fitness or applicability for a particular purpose, and non-infringement of third party rights, as to the information, content and materials. For more outsourcing solutions for insurance industry visit www.wns.com/services/insurance Gate No.4, Godrej & Boyce Complex Pirojshanagar, Vikhroli West, Mumbai 400 079 Tel : +91 22 4095 2100 Fax : +91 22 2518 8350 420 Lexington Avenue Suite 2515 New York, NY 10170 Tel : +1 212 599 6960 Fax : +1 212 599 6962 EUROPE The Lodge Harmondsworth Lane West Drayton, Middlesex UB7 0AB Tel : +44 208 754 8289 Fax : +44 208 754 8307 INDIA NORTH AMERICA