Underwriting Gets a Brain Boost—Mphasis Taps Sixfold’s AI Edge

Mphasis Ltd has announced a strategic partnership with Sixfold, an AI-driven underwriting platform, to help insurers modernize and accelerate their underwriting processes. The collaboration is aimed at transforming how insurance carriers assess risk, price policies, and deliver customer experiences in a digital-first world.

 

Key Highlights:

 

AI-Powered Underwriting: Mphasis will integrate Sixfold’s purpose-built AI platform into its insurance solutions, enabling faster, more accurate underwriting decisions across life, health, and property & casualty segments.
 

Speed and Precision: The platform uses machine learning to analyze structured and unstructured data, helping insurers reduce turnaround times and improve risk assessment accuracy.
 

Customer-Centric Focus: By automating repetitive tasks and surfacing actionable insights, the solution allows underwriters to focus on complex cases and deliver more personalized offerings.

Scalable Integration: The partnership supports cloud-native deployment and API-based integration, making it easier for insurers to adopt the technology without overhauling existing systems.

 

Strategic Fit: Mphasis, known for its deep domain expertise in insurance and digital transformation, sees this alliance as a way to help clients stay competitive in a rapidly evolving market.

 

This move reflects a broader trend in the insurance industry, where AI is no longer a buzzword but a business necessity. With Sixfold’s tech and Mphasis’ reach, the partnership could set a new benchmark for underwriting efficiency.

 

Sources: Sixfold.ai, Mphasis.com, Business Standard.