Digital Change Agents for Next-Gen Insurance |Tech Mahindra

Revolutionizing the Insurance Industry

Insurers and reinsurers are undergoing rapid transformation driven by technology-led innovation that is reshaping the insurance industry. An integrated and enhanced customer experience, along with the growth of digital insurance ecosystems, platforms, and embedded insurance, is extending the industry's reach beyond traditional limits. Digital operating models are unlocking greater agility, flexibility, and scalability.More

Insurers and reinsurers are undergoing rapid transformation driven by technology-led innovation that is reshaping the insurance industry. An integrated and enhanced customer experience, along with the growth of digital insurance ecosystems, platforms, and embedded insurance, is extending the industry's reach beyond traditional limits. Digital operating models are unlocking greater agility, flexibility, and scalability. These shifts are further supported by restructuring the insurance value chain into modular components, enabling firms to reconfigure processes and capabilities to boost efficiency and accelerate innovation.

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Serving Active Clients Worldwide
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Operating Global Delivery Centers
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Offering Insurtech Accelerators and Solutions

Our Vision for the Future of Insurance

Insurance is experiencing an unprecedented rate of transition due to economic, business, and technological changes. This shift is driving insurers toward rapid adoption of AI, product innovation, new channels, experience orientation, and cost optimization. Tech Mahindra brings the experience and capabilities necessary to enable insurers to lead this wave of change.

Life and Annuities

We drive AI-powered, cost-efficient transformation through cloud optimization, seamless integrations, and scalable TPA and insurance operations.

  • Achieved $240M in savings on Azure-based hybrid cloud infrastructure and software costs.
  • Reduced total cost of ownership (TCO) by 30–50% for Closed Books TPA operations.
  • Developed a GenAI-powered website to enhance customer engagement.
  • Built a high-performance integration layer capable of processing over 10,000 transactions per second across banking and insurance systems.

General Insurance (Property & Casualty)

We enable cost-efficient, data-driven insurance transformation through cloud migration, fraud analytics, and streamlined policy issuance via modern core systems.

  • Reduced data costs by 50% during AWS cloud migration.
  • Completed 13 full-suite Guidewire implementations, achieving 30% faster migration to Guidewire Cloud.
  • Delivered $15 million in annual savings through AI/ML-driven fraud analytics.
  • Reduced policy issuance time by 70% through business process reengineering.

Reinsurance

We empower reinsurers with AI-led underwriting, legacy modernization, and innovative solutions to boost engagement, revenue, and operational efficiency.

  • Developed the world’s leading automated underwriting platform, adopted by over 70+ global carriers.
  • Achieved a 40% reduction in modernization effort using GitHub Copilot for legacy systems.
  • Delivered an innovative sustainability reporting platform powered by Palantir.
  • Built next-generation insurance products recognized with multiple global innovation awards.

Our Services

Tech Mahindra combines insurance domain expertise with ‘BORN’ design to deliver intuitive, retail-grade experiences across new business, underwriting, servicing, and claims.

  • Insight-Driven Experience Transformation with GenAI

    We design intuitive, data-informed journeys for customers and agents using GenAI, driving enhanced satisfaction and operational efficiency throughout the policy lifecycle.

  • Modern Solutions for New Business and Agent Enablement

    We empower agents with digital onboarding, guided selling, and intelligent quoting tools to enhance productivity and improve conversion rates while meeting the increasing demands for insurance.

We empower carriers to harness AI and GenAI across insurance technology and operations. Our product engineers collaborate closely with carriers to develop next-generation insurance solutions.

  • GenAI and Data Transformation in Insurance

    We modernize data ecosystems and embed GenAI across the insurance value chain to unlock new revenue streams and hyper-personalized customer experiences.

  • Insurance Product Engineering & Next-Gen Development

    We co-develop cutting-edge insurance products from concept to launch, utilizing modular architectures, digital twins, and emerging technology accelerators.

We drive savings across hybrid cloud infrastructure, data centers, software licenses, network services, and application management.

  • Hybrid Cloud Infrastructure Transformation

    We reduce IT costs through scalable hybrid cloud strategies that focus on infrastructure modernization, software rationalization, and workload optimization.

  • Insurance AMS.NXT with GenAI

    We transform application management with our GenAI-powered AMS.NXT platform, delivering greater agility and operational savings for insurers.

We developed two proprietary large language models and Agentic AI applications throughout the insurance value chain. Our proprietary iSURE framework drives a 30–50% reduction in IT and operational costs.

  • Next-Gen Insurance BPO & Contact Centers

    We transform customer service and backend operations with LLM-powered agents, intelligent workflows, and conversational automation.

  • TPA Services for Retirement & Pensions

    We deliver cost-effective, compliant third-party admin services using our digital-first, AI-enhanced TPA stack tailored for retirement and pension plans.

As a leading Guidewire partner, we support cost-effective Guidewire cloud migrations and enable scalable, secure enterprise architecture for growth.

  • Guidewire Cloud Implementation & Maintenance

    We accelerate Guidewire transformations with proven cloud migration playbooks, best practices for configuration, and managed support services.

  • Next-Gen Insurance Enterprise Architecture

    We design secure, future-ready insurance enterprise blueprints that enable rapid innovation, interoperability, and compliance with regulations.

Leading the Way

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Whitepaper

Breakthrough Cloud Technology Simplifies Core Banking System Migration

Synthetic Data and Its Application in Insurance

Whitepaper

Synthetic Data and Its Application in Insurance

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Video

Aviva India Partners with Tech Mahindra to Accelerate its Digital Transformation

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Analyst Insights

Everest Group Life and Annuity Insurance IT Services Peak Matrix® Assessment 2024

Everest Group's Guidewire Services PEAK Matrix® Assessment 2024

Report

Everest Group's Guidewire Services PEAK Matrix® Assessment 2024

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White Paper

Maximizing the Value of Data in Insurance

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White Paper

A Perspective on Guidewire ClaimCenter Data Migration

Thought Leadership

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Infrastructure Optimization and Hybrid Cloud Journeys of Insurance Carriers

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Unifying the Insurance Ecosystem: Exploring Key Changes and Reforms

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Automation Opportunities in Life Insurance Illustrations

Leveraging Technology to facilitate a seamless consumer buying experience.

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Digitalizing Submission intake for Commercial Insurance Underwriting

Increasing Submissions Process Efficiency Through OCR and Automation.

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Geospatial Intelligence: Revolutionizing Property Insurance Industry

Geospatial imagery and computer vision is set to transform the way property insurance underwriting will be managed in future.

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Insurance Industry's Digital Transformation

Navigating through the Fog while balancing Innovation and Tradition.

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Empowering Life Insurance Agents with Digital Tools

Digitally empowering agents for seamless sales and monetizing business opportunities.

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Leadership Perspectives: ESG in Insurance featuring Rohit Puranik, SVP and Head, Insurance Americas

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The Rise of Embedded Insurance - A game changer for the Insurance Industry

What's in it for insurers and how can they start the embedded insurance journey.

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Ushering in a New Era of Generative AI in Insurance

Explore insights into how to operationalize GenAI to reap its benefits.

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Defining the NXT for Insurance Underwriting: Automated Submission Prioritization

A cognitive solution that effectively prioritizes and assigns the submission to the right underwriter with no human intervention.

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General Insurance Claims Transformation in ANZ, Driven by the NXT Era of Cloud Specialization

Describes the transformation of general insurance claims processes in ANZ through cloud specialization, improving speed and efficiency.

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Maximizing Business Value Post Guidewire Implementation

This blog discusses how a companies can leverage Guidewire's software to enhance operational efficiency, customer satisfaction, and overall business value.

Maximizing Business Value Post Guidewire Implementation – Part 2

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Maximizing Business Value Post Guidewire Implementation – Part 2

Case Studies

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