Latest news with #Sixfold
Yahoo
5 days ago
- 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
6 days ago
- 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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![Stocks to watch today [17 June]: Mphasis, HCL Tech, TCS, Godrej Properties, Zee Entertainment among shares to focus](/_next/image?url=https%3A%2F%2Fimages.businessupturn.com%2Fwp-content%2Fuploads%2F2023%2F06%2Fcropped-business-upload-logo.png&w=48&q=75){kind=logo}
Business Upturn
6 days ago
- Business
- Business Upturn
Stocks to watch today [17 June]: Mphasis, HCL Tech, TCS, Godrej Properties, Zee Entertainment among shares to focus
Indian markets are expected to take cues from both domestic developments and global sentiment. Here's a list of notable stocks to keep an eye on for June 17, 2025: Key updates: Mphasis: Entered into a strategic partnership with Sixfold to enhance AI-driven insurance underwriting capabilities. HCL Tech: Partnered with Europe's to accelerate product-based transformation. Hyundai Motor: Commenced passenger vehicle engine production at Talegaon Plant, Maharashtra. Mastek: Secured a cybersecurity training contract from NHS England. Hikal Ltd: Jigani unit passed Brazilian Health Regulatory Agency's GMP audit. Marine Electricals: Received an order worth ₹57.1 million from the Indian Navy. TCS: Partnered with the Council of Europe Development Bank to transform reconciliation processes. Neopolitan Pizza: Signed a franchise development agreement with Regional to Global Consultancy Services. Z-Tech: Received a major work order for road infrastructure upgradation in Uttarakhand. Paras Defence: ICRA revised outlook on company's facilities to 'Positive.' Tanla Platforms: Board approved a ₹175 crore buyback at ₹875 per share. Zee Entertainment: Raised ₹2,237 crore via warrant issue to promoter entities. Prostram: To install 30 MW/120 MWh standalone battery storage system for Bihar State Power Generation Co. Godrej Properties: Acquired 16-acre land parcel in Upper Kharadi, Pune; estimated revenue potential of ₹3,100 crore. Axis Cades: Signed an agreement with Indra to boost production of advanced systems in India. Thirumalai Chemical: To consider preferential issue in upcoming board meeting on June 19. Other notable developments: Laxmi Organic: Bombay HC dismissed company's writ petition against MSEDCL. Vishal Mega Mart: Block deal launched by Kedaara Capital to sell 10% stake at ₹110/share. Asian Paints: ICICI Prudential Mutual Fund acquired 85 lakh shares for ₹1,876 crore. Biocon: Launched ₹4,500 crore QIP; floor price set at ₹340.20/share. State Bank of India: Shareholders approved raising $3 billion in FY26. ONGC: Gas leak in Assam well continues for the fifth day. Corporate actions: Hindustan Zinc: Ex-Date today, Dividend ₹10/share. eMudhra Ltd: Ex-Date tomorrow, Dividend ₹1.25/share. Sarla Performance Fibers: Ex-Date tomorrow, Dividend ₹3/share. Surveillance updates: Stocks included in ST-ASM: Dynamic Cables, Oriana Power, Servotech Renewable Power System. Stocks excluded from ST-ASM: IFGL. Stocks in LT-ASM: Lumax Auto. Price band revisions: 10% to 5%: Black Box, BLS E-Services, Camlin Fine, Godavari Bio, Suven Life. 20% to 5%: Bajel Projects, Balu Forge, Centrum Capital, HCC, Inox Green, Interarch, Ramco Systems, Reliance Power, Schneider, Shilpa Medicare, SKM Egg, Subex, Tata Teleservices. Disclaimer: The information provided in this article is based on company announcements and publicly available data. It does not constitute investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions. Ahmedabad Plane Crash News desk at
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Business Standard
6 days 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
7 days 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
