LTIMindtree, a global technology consulting firm, launched its тАШAI-Smart UnderwriterтАЩ solution today in collaboration with ServiceNow, aimed at modernizing insurance underwriting processes. The new platform combines artificial intelligence and automation to streamline risk assessment and policy decisions.
The shares of LTIMindtree Limited were trading at тВ╣5,892.80 down by тВ╣50.30 or 0.85 per cent on the NSE today at 2.45 pm.
The solution, available through the ServiceNow Store, provides underwriters with a centralized hub for managing information and evaluating risks. It automates manual tasks throughout the underwriting process, from submission intake to policy binding and renewals.
Nachiket Deshpande, Chief Operating Officer at LTIMindtree, emphasized the solutionтАЩs alignment with their strategy of тАЬEveryone with AIтАЭ and тАЬAI in Everything.тАЭ Erica Volini, Senior Vice President of Global Partnerships at ServiceNow, highlighted how the partnership combines LTIMindtreeтАЩs digital consulting expertise with ServiceNowтАЩs unified AI platform.
The platform is part of ServiceNowтАЩs broader partner ecosystem, which supports a forecasted market opportunity of $275 billion through 2026 for the Now Platform. LTIMindtree, a Larsen & Toubro Group company with 84,000 professionals across 30 countries, currently serves over 700 clients globally.
The new solution aims to help insurance companies achieve profitable growth by providing underwriters with autonomous insights and intelligent automation capabilities while reducing time spent on routine tasks.
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