Bengaluru: Mphasis (BSE: 526299; NSE: MPHASIS), a leading provider of cloud and cognitive IT solutions, has announced a strategic partnership with Sixfold, a US- and UK-based AI underwriting technology firm.
The Mphasis Sixfold partnership is set to revolutionize insurance underwriting by integrating cutting-edge AI capabilities into traditional risk assessment processes.
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Through this collaboration, Mphasis will serve as an implementation partner, enabling insurers to deploy Sixfold’s AI platform into their workflows to accelerate underwriting processes, reduce manual review times, and increase underwriting productivity.
Sixfold’s platform delivers contextual risk insights that empower underwriters to make faster, more accurate decisions across Life & Disability, Commercial P&C, Specialty, and Reinsurance segments.
“The Mphasis Sixfold partnership is a step toward modernizing the insurance industry with AI-powered automation. Together, we aim to redefine underwriting by combining Sixfold’s innovative technology with Mphasis’ deep insurance expertise,” said Srikumar Ramanathan, Chief Solutions Officer, Mphasis.
By adopting Sixfold’s platform, insurers can:
- Cut review times by more than half
- Increase GWP per underwriter through improved risk selection
- Seamlessly integrate AI into existing systems
- Receive real-time, tailored recommendations aligned with underwriting guidelines
“Sixfold was created to simplify and enhance underwriting for underwriters, brokers, and customers,” said Alex Schmelkin, Founder & CEO, Sixfold. “Mphasis’ proven success in enterprise IT implementation makes them the perfect partner to scale our AI solution across real-world insurance environments.”
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Mphasis Sixfold Collaboration for Accurate Future in Insurance Underwriting
Already in production with leading carriers, Sixfold’s AI platform ensures insurers can move quickly, experience measurable results, and improve operational efficiency – without burdening teams with complex deployments.
This Mphasis Sixfold collaboration represents a major leap in the evolution of AI-enabled risk assessment, paving the way for a faster, smarter, and more accurate future in insurance underwriting.
