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June 17 2025

Mphasis Announces Strategic Partnership with Sixfold to Strengthen Insurance Underwriting Capabilities

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Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced a strategic partnership with Sixfold, the US and UK-based AI underwriting company redefining how insurers assess risk.

As an implementation partner, 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. Designed for Life & Disability, Commercial P&C & Specialty, and Reinsurance, Sixfold reduces review times by more than half and increases Gross Written Premium (GWP) per underwriter by enabling smarter, faster risk selection —without sacrificing accuracy.

Through this partnership, Mphasis aims to help streamline underwriting processes, enhance operational efficiency and drive intelligent decision-making using Sixfold’s advanced AI solutions. Already in production at market-leading carriers, Sixfold’s platform integrates seamlessly into existing workflows and quickly adapts to each insurer’s unique risk appetite—delivering tailored recommendations that align with the insurer’s underwriting guidelines.

“Mphasis is excited to partner with Sixfold to accelerate AI adoption in the insurance industry. By leveraging Sixfold’s AI expertise in combination with expertise from Mphasis.ai 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.

“Sixfold was built to solve real problems for underwriters—and to make the entire process better for brokers and customers,” said Alex Schmelkin, Founder & CEO of Sixfold. “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’s a win for everyone involved.”

This partnership marks a significant step in the evolution of insurance underwriting, allowing insurers to navigate the future of risk assessments with greater speed and accuracy.

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Ramanathan Srikumar | FFNews

Srikumar Ramanathan

Mphasis
Alex Schmelkin

Alex Schmelkin

Sixfold

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Mphasis | Fintech Finance

Mphasis
Sixfold | FFNews

Sixfold
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