From Yahoo Finance: 2025-06-11 10:26:00

The Standard Insurance Company partners with HCLTech to incorporate AI into infrastructure and application services, accelerating digital transformation. HCLTech will provide genAI-led service transformation platform, AI Force, digital engineering, and cloud services. The collaboration aims to enhance workplace benefits and customer service, supported by a Joint Innovation Council and Digital Experience Office.

The Standard’s chief information security officer, Laxman Prakash, praises HCLTech as the ideal partner for scaling efficiently and seamlessly through digital-first, customer-focused approach. HCLTech’s Anubhav Mehrotra highlights the commitment to the insurance sector, showcasing AI-led capabilities and innovative talent in guiding The Standard’s digital transformation journey.

The recent extension of The Standard’s partnership with EvolutionIQ integrates AI-powered claims guidance platform into disability insurance processes. This empowers the claims team to leverage data insights, reduce administrative workloads, enhance decision-making, and streamline payments. The collaboration aims to improve efficiency and customer service in claims processing.

Read more: The Standard expands tie-up with HCLTech to integrate AI