Wipro expands into insurance technology with Aggne investment

In a move that significantly strengthens its position in the insurance technology sector, Wipro Limited, a leading technology services and consulting company, has announced a major investment in Aggne, a premier consulting and managed services provider specializing in the insurance and Insurtech industries. This strategic investment makes Wipro Limited the majority shareholder in Aggne, marking a pivotal development in Wipro’s expansion strategy and service offerings in the property and casualty (P&C) insurance space.

With this partnership, Wipro Limited integrates Aggne’s unique capabilities and Intellectual Property (IP), enhancing its value proposition in the rapidly evolving insurance sector. Ritesh Talapatra, Senior Vice President at Wipro Limited, emphasized the significance of Aggne’s expertise in accelerating market solutions and driving client satisfaction. Aggne’s prowess in P&C insurance, combined with Wipro’s global scale, is expected to unlock new growth opportunities and deliver superior service to clients.

Aggne’s innovative service offerings, centered around the Duck Creek platform, provide cutting-edge, IP-led consulting, implementation, and managed services. This collaboration aims to transform operations for insurers, fostering efficiencies and optimizing customer experiences through fast-tracked product development and innovation.

Wipro Limited Acquires Majority Stake in Aggne to Boost Property & Casualty Insurance Offerings

Harpreet Arora, Senior Vice President at Wipro Limited, highlighted Aggne’s standout consulting capabilities and their potential to enhance Wipro’s end-to-end offerings in the insurance domain. Meanwhile, Duck Creek Technologies CEO, Mike Jackowski, lauded the partnership for its potential to drive industry innovation and benefit customers through leading SaaS-based solutions.

Asha Kalidindi, Co-Founder and CEO of Aggne, expressed enthusiasm for the growth and development opportunities the partnership with Wipro presents for Aggne’s team and clientele. The collaboration aims to leverage Wipro’s resources, including investments in AI, to innovate and expand capabilities in line with industry trends.

Founded in 2019, with a team of 230 employees across the United States and India, Aggne has quickly risen to prominence within the Duck Creek ecosystem, earning accolades such as the Duck Creek Technologies 2023 Americas Value Creation Partner of the Year award.

This investment by Wipro Limited into Aggne signifies a strategic move to deepen expertise and expand offerings within the P&C insurance sector. By combining Aggne’s specialized skills and IP with Wipro’s vast resources and global reach, the partnership is poised to drive significant advancements in insurance technology solutions. This collaboration not only enhances Wipro’s service portfolio but also sets the stage for innovative developments in the insurance industry, promising improved efficiencies, customer experiences, and competitive advantages for clients worldwide.