Wipro Ltd Secures £500M Deal with ReAssure UK Services Limited, a Subsidiary of Phoenix Group

Wipro Ltd and its fully owned subsidiary, Wipro Financial Outsourcing Services Limited (WFOSL), have signed a 10-year deal with ReAssure UK Services Limited, a subsidiary of Phoenix Group, the UK's largest long-term savings and retirement business. The deal involves delivering platform-based life and pension regulated Third Party Administration services for the ReAssure business. The services encompass business operations such as Policy Administration, Claims Processing, Customer Service Support, Data Management and Reporting, and Compliance and Regulatory Support. The deal also includes the modernisation of the core policy administration ALPHA platform with AI, Automation, Cloud, and Digital transformation technologies.