Mumbai, March 27 -- The project is designed to deliver life and pension business administration for the ReAssure business and accelerate Phoenix Group's operational transformation. Under the terms of the deal, Wipro's existing FCA-regulated entity, Wipro Financial Outsourcing Services (WFOSL), will deliver comprehensive life and pension administration services to Phoenix Group's ReAssure customers. These services will encompass policy administration, claims processing, customer service support, data management and reporting, compliance and regulatory support, as well as platform technologies.

As part of the engagement, Wipro will assume management of the core policy administration ALPHA platform, modernising it with AI, automation, cloud...