Mphasis partners with Sixfold to streamline insurance underwriting with AI
From Yahoo Finance: 2025-06-17 10:02:00
Indian IT company Mphasis partners with US and UK-based AI underwriting company Sixfold to enhance insurance underwriting capabilities. Mphasis will integrate Sixfold’s AI platform to streamline submission intake and provide risk insights, aiming to reduce review times by over 50% and increase gross written premium per underwriter. The collaboration seeks to optimize underwriting processes and promote intelligent decision-making through advanced AI technology.
Sixfold’s AI solution, designed for various insurance sectors, aims to support smarter and faster risk selection. The platform is already in use by carriers and integrates into existing workflows, providing recommendations tailored to each insurer’s risk appetite. Sixfold’s founder highlights the simplicity and speed of implementation with Mphasis, enabling insurers to see impact quickly without adding extra work to their teams.
Sixfold raised $15m in a Series A funding round last year to expand its AI and machine learning engineering team. The partnership between Mphasis and Sixfold aims to deliver advanced, data-driven automation solutions for global insurers, driving efficiency, accuracy, and innovation in the insurance value chain. The collaboration focuses on enhancing AI-driven insurance underwriting processes to benefit insurers, brokers, and customers.
Read more at Yahoo Finance: Mphasis partners with Sixfold to enhance AI-driven insurance underwriting