LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting firm, has launched the ‘AI-Smart Underwriter’ solution in partnership with ServiceNow. This innovative platform aims to enhance underwriting efficiency by enabling data- and AI-driven decision-making. It offers a unified view of risk and automates various processes, allowing underwriting teams to focus on critical decisions like risk selection and pricing.
Nachiket Deshpande, COO of LTIMindtree, highlighted the partnership’s goal of helping underwriters achieve profitable growth through intelligent automation and insights. Erica Volini, SVP of Global Partnerships at ServiceNow, emphasized the importance of this collaboration in creating a more agile and adaptive underwriting experience.
The AI-Smart Underwriting platform centralizes relevant information and automates traditional tasks, improving speed and accuracy. It will also facilitate better collaboration among agents. The solution will be available in the ServiceNow Store, contributing to the projected $275 billion market opportunity for the Now Platform through 2026.