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WNS announced the launch of WNS VeriChain, which addresses complexities and challenges in the syndicated insurance market.
WNS Limited (NYSE:WNS) announced the launch of its blockchain-enabled risk syndication solution, WNS VeriChain, which addresses complexities and challenges in the syndicated insurance market.
As quoted in the press release:
Underpinned by deep domain expertise in the Insurance and Re-insurance industry, WNS’ VeriChain leverages decentralized 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, helping drive increased transparency and cooperation thus overcoming disputes and eliminating the need for post facto reconciliations. WNS VeriChain offers end-to-end digitization enabling brokers and carriers improve efficiency and profitability, while enhancing the end-customer experience.
