MphasiS Limited announced on June 16, 2025, a strategic partnership with Sixfold, a US and UK-based AI underwriting company.
- The partnership aims to accelerate AI adoption in the insurance industry by integrating Sixfold’s AI platform.
- Mphasis will act as an implementation partner, helping insurers streamline underwriting processes, enhance operational efficiency, and drive intelligent decision-making.
- Sixfold’s platform is designed for Life & Disability, Commercial P&C & Specialty, and Reinsurance, and is expected to reduce review times by over half and increase Gross Written Premium (GWP) per underwriter.
- Srikumar Ramanathan, Chief Solutions Officer at Mphasis, stated that leveraging Sixfold’s AI expertise combined with Mphasis.ai and their insurance technology capabilities will deliver advanced, data-driven automation solutions for global insurers.
- Alex Schmelkin, Founder & CEO of Sixfold, emphasized that Mphasis's track record in getting technology live within real-world insurance workflows will enable insurers to move quickly and see impact fast.