Latest news with #SrikumarRamanathan
Yahoo
17-06-2025
- Business
- Yahoo
Mphasis partners with Sixfold to enhance AI-driven insurance underwriting
Indian IT company Mphasis has entered a strategic partnership with Sixfold, a US and UK-based AI underwriting company, to bolster capabilities in insurance underwriting. As an implementation partner, Mphasis will integrate Sixfold's AI platform to assist insurers in accelerating their underwriting processes. The platform aims to streamline submission intake and provide underwriters with contextual risk insights to enable quicker and more confident decision-making. Sixfold's AI solution, tailored for life and disability, commercial property & casualty and specialty, and reinsurance, is designed to reduce review times by more than 50% and increase gross written premium (GWP) per underwriter by supporting smarter and faster risk selection, while maintaining accuracy. The collaboration seeks to optimise underwriting processes, improve operational efficiency and promote intelligent decision-making through Sixfold's advanced AI technology. Mphasis chief solutions officer Srikumar Ramanathan stated: '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.' Sixfold's platform is already in use by carriers and is designed to integrate into existing workflows. It also adjusts to the specific risk appetite of each insurer, providing recommendations that adhere to the insurer's underwriting guidelines. Sixfold founder and CEO Alex Schmelkin said: 'Sixfold was built to solve real problems for underwriters – and to make the entire process better for brokers and customers. That means making implementation simple and fast. 'Mphasis has a great track record of getting technology live inside real-world insurance workflows. With them, insurers can move quickly, see impact fast and do it all without adding extra work to their teams. That is a win for everyone involved.' Last year, Sixfold raised $15m (£11.07m) in a Series A funding round, using the investment to expand its AI and machine learning engineering team. "Mphasis partners with Sixfold to enhance AI-driven insurance underwriting " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Standard
17-06-2025
- Business
- Business Standard
Mphasis inks pact with Sixfold to enhance AI-led underwriting
Mphasis announced that it has entered into a strategic partnership with Sixfold, an AI underwriting specialist, to integrate Sixfold's platform into insurers' systems. Sixfold develops AI tools that enable insurance companies to assess risk more efficientlya key component in determining policy issuance and pricing. Its platform facilitates faster submission intake and automates underwriting, thereby allowing insurers to make quicker and more confident decisions. Through this collaboration, Mphasis aims to streamline underwriting processes, enhance operational efficiency, and drive intelligent decision-making by leveraging Sixfolds advanced AI capabilities. Srikumar Ramanathan, Chief Solutions Officer, Mphasis, said, Mphasis is excited to partner with Sixfold to accelerate AI adoption in the insurance industry. By leveraging Sixfolds 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. Alex Schmelkin, Founder & CEO of Sixfold, said, Sixfold was built to solve real problems for underwritersand to make the entire process better for brokers and customers. That means making implementation simple and fast. Mphasis has a great track record of getting technology live inside real-world insurance workflows. With them, insurers can move quickly, see impact fast, and do it all without adding extra work to their teams. Thats a win for everyone involved. Mphasis is a leading Information Technology (IT) solutions provider specializing in cloud and cognitive services. The companys consolidated net profit advanced 13.5% to Rs 446.49 crore on an 8.7% jump in net sales to Rs 3,710.04 crore in Q4 FY25 over Q4 FY24. Shares of Mphasis rose 0.27% to Rs 2,708.95 on the BSE.
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Business Standard
16-06-2025
- 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.
Yahoo
10-03-2025
- Business
- Yahoo
Mphasis and SecPod Announce Strategic Security Partnership
REDWOOD CITY, Calif., March 10, 2025 /CNW/ -- Mphasis, (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a strategic partnership with SecPod, a SaaS-based cybersecurity products and technology company. As a part of this partnership, Mphasis will offer disruptive vulnerability management services for its clients through SecPod's Saner CVEM platform. Through this collaboration, Mphasis will enhance its vulnerability management services using SecPod's Saner CVEM platform. This partnership addresses key enterprise challenges, including delayed risk identification, remediation backlog, and inefficiencies from siloed security tools. Saner CVEM consolidates multiple-point solutions into a unified, automated approach, ensuring continuous vulnerability detection, prioritization, compliance, and cyberattack prevention. "We are excited to leverage Saner CVEM's capabilities to shift our clients from reactive to proactive cybersecurity, reducing complexity and strengthening their security posture," said Srikumar Ramanathan, Chief Solutions Officer, Mphasis. Pramod Sridharamurthy, Co-Founder and Head of Strategic Alliances at SecPod, added, "Mphasis' AI-driven and cloud-native expertise makes them an ideal partner to amplify the benefits of Saner CVEM's Continuous Vulnerability and Exposure Management capabilities." This partnership accelerates the adoption of advanced vulnerability management solutions, improving delivery capabilities, SLAs, and time-to-market for enterprises. About SecPod: SecPod is a SaaS-based cybersecurity product and technology company created with a singular, unwavering goal of preventing cyberattacks. Founded in the year 2008, the company provides top-of-the-line continuous vulnerability and exposure management solutions that strengthen the cybersecurity posture of enterprises, SMBs, MSSPs and the like. For more information, visit About Mphasis Mphasis' purpose is to be the "Driver in Driverless Car" for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is foundational to Mphasis, and is reflected in the Mphasis' Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2™=1) digital experience to clients and their end customers. Mphasis' Service Transformation approach helps 'shrink the core' through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis' core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. Click here to know more. (BSE: 526299; NSE: MPHASIS) Photo: View original content to download multimedia: SOURCE SecPod Technologies View original content to download multimedia:
Associated Press
10-03-2025
- Business
- Associated Press
Mphasis and SecPod Announce Strategic Security Partnership
REDWOOD CITY, Calif., March 10, 2025 /CNW/ -- Mphasis, (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a strategic partnership with SecPod, a SaaS-based cybersecurity products and technology company. As a part of this partnership, Mphasis will offer disruptive vulnerability management services for its clients through SecPod's Saner CVEM platform. Through this collaboration, Mphasis will enhance its vulnerability management services using SecPod's Saner CVEM platform. This partnership addresses key enterprise challenges, including delayed risk identification, remediation backlog, and inefficiencies from siloed security tools. Saner CVEM consolidates multiple-point solutions into a unified, automated approach, ensuring continuous vulnerability detection, prioritization, compliance, and cyberattack prevention. 'We are excited to leverage Saner CVEM's capabilities to shift our clients from reactive to proactive cybersecurity, reducing complexity and strengthening their security posture,' said Srikumar Ramanathan, Chief Solutions Officer, Mphasis. Pramod Sridharamurthy, Co-Founder and Head of Strategic Alliances at SecPod, added, 'Mphasis' AI-driven and cloud-native expertise makes them an ideal partner to amplify the benefits of Saner CVEM's Continuous Vulnerability and Exposure Management capabilities.' This partnership accelerates the adoption of advanced vulnerability management solutions, improving delivery capabilities, SLAs, and time-to-market for enterprises. About SecPod: SecPod is a SaaS-based cybersecurity product and technology company created with a singular, unwavering goal of preventing cyberattacks. Founded in the year 2008, the company provides top-of-the-line continuous vulnerability and exposure management solutions that strengthen the cybersecurity posture of enterprises, SMBs, MSSPs and the like. For more information, visit About Mphasis Mphasis' purpose is to be the 'Driver in Driverless Car' for Global Enterprises by applying next-generation design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. Customer centricity is foundational to Mphasis, and is reflected in the Mphasis' Front2Back ™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide hyper-personalized (C= X2C2™ =1) digital experience to clients and their end customers. Mphasis' Service Transformation approach helps 'shrink the core' through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis' core reference architectures and tools, speed and innovation with domain expertise and specialization, combined with an integrated sustainability and purpose-led approach across its operations and solutions are key to building strong relationships with marquee clients. Click here to know more. ( BSE: 526299; NSE: MPHASIS)
