India | Europe : LTIMindtree, a prominent global technology consulting and digital solutions company, have signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company based in Athens, Greece, powered by Fairfax Digital Services. The agreement aims to establish a pioneering Gen AI and Digital Hub in Athens, along with dedicated facilities in Poland, Europe, and Mumbai, India.
- The MoU was signed by Sudhir Chaturvedi, President and Executive Board Member of LTI (Larsen & Toubro Infotech) and Mindtree, Alexandros Sarrigeorgiou, Chairman & CEO of Eurolife FFH Insurance Group, and Sanjay Tugnait, President & Chief Executive Officer of Fairfax Digital Services. The signing ceremony took place in the presence of Kyriakos Mitsotakis, Prime Minister of Greece, at the residence of the Greek Ambassador in Delhi. This announcement is in alignment with the Government of India’s newly introduced “Anusandhan” scheme, which aims to foster innovation and research within the technology and startup ecosystem.
- As part of this collaboration, Eurolife FFH will establish a Generative AI and Digital Hub in Athens to pioneer innovative solutions tailored for the insurance sector in Greece. LTI (Larsen & Toubro Infotech) and Mindtree will contribute their extensive domain expertise and support from dedicated facilities in Poland and Mumbai. Professionals from both organizations will undergo specialized training in Generative AI and Digital Transformation. Together, they will develop cutting-edge products and services aimed at enhancing customer experience and operational efficiency across various industries, including insurance, banking, shipping, and manufacturing.
- Alexandros Sarrigeorgiou, CEO of Eurolife FFH, expressed, “This partnership resonates with our aspiration to harness the potential of advanced technology to drive innovation for our customers and partners. Our objective is to pioneer innovation, particularly within the insurance sector, and push the boundaries to develop solutions that cater to the evolving needs of customers across diverse industries. This collaboration signifies a stride towards a future where Generative AI and digital innovation will drive business success and elevate customer experiences.”
- LTIMindtree share price Today closed at 5,418.35 on NSE