Latest news with #Sixfold
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Business Standard
6 hours ago
- Business
- Business Standard
Mphasis signs Sixfold deal to boost underwriting through generative AI
Mid-tier IT services company Mphasis has entered into a partnership with Sixfold, a US- and UK-based AI company which provides generative AI tools for insurance underwriters. Mphasis will integrate Sixfold's AI platform to help insurers accelerate their underwriting process, speeding up submission intake and equipping underwriters with the contextual risk insights they need to make faster, more confident decisions. 'By leveraging Sixfold's AI expertise in combination with expertise from and our insurance technology capabilities, we are able to deliver advanced, data-driven automation solutions for global insurers, driving efficiency, accuracy, and innovation across the insurance value chain,' said Srikumar Ramanathan, chief solutions officer, Mphasis. The partnership will help streamline underwriting processes, enhance operational efficiency and drive intelligent decision-making using Sixfold's advanced AI solutions. 'With them, insurers can move quickly, see impact fast, and do it all without adding extra work to their teams. That's a win for everyone involved,' Alex Schmelkin, founder and CEO of Sixfold, said.
Business Upturn
12 hours ago
- Business
- Business Upturn
Mphasis partners with Sixfold to transform insurance underwriting capabilities
By Aman Shukla Published on June 16, 2025, 17:04 IST Mphasis has announced a strategic partnership with Sixfold, a US and UK-based AI underwriting firm reshaping how insurers assess risk. This collaboration aims to redefine the insurance underwriting landscape by harnessing the power of artificial intelligence to enhance speed, accuracy, and operational efficiency. As a certified implementation partner, Mphasis will integrate Sixfold's cutting-edge AI underwriting platform into insurers' existing systems. This platform is specifically designed for Life & Disability, Commercial P&C & Specialty, and Reinsurance sectors. By streamlining the submission intake process and providing underwriters with advanced contextual risk insights, Sixfold empowers insurance professionals to make faster, more informed decisions without compromising on accuracy. The technology significantly reduces review times—by more than half—and improves Gross Written Premium (GWP) per underwriter through intelligent risk selection. Its seamless integration into current workflows allows insurers to adopt the solution without overhauling their systems. Moreover, the platform quickly aligns with each organization's specific underwriting guidelines and risk appetite, ensuring customized and compliant decision-making. This partnership marks a major milestone in the digital transformation of insurance underwriting. With Sixfold's proven AI capabilities already in use at top-tier insurance carriers, Mphasis is positioned to drive substantial innovation in the industry. The combined expertise of both companies will enable insurers to accelerate underwriting, optimize resources, and embrace the future of AI-driven risk assessment with confidence and agility. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
