Wipro wins £500 million deal to modernize UK insurance firm Phoenix Group's services using AI and cloud tech.

Wipro, an Indian IT services company, has secured a £500 million, 10-year deal with UK insurance giant Phoenix Group to manage life and pension services for ReAssure. Wipro's FCA-regulated entity will modernize the ALPHA platform using AI, automation, and cloud technologies to improve efficiency and customer experience. This strategic partnership aims to accelerate Phoenix's operational transformation.