# Mphasis

> Applying next\-generation technology to solve complex insurance business challenges through AI, cloud, and cognitive services\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Insurtech Infrastructure |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Bangalore, Karnataka, India |
| Founded | 1992 |
| Stage | Enterprise |
| Employees | 1000+ |
| Funding | Public |

## Overview

Mphasis is a global IT services and solutions company specializing in cloud and cognitive services, serving clients across banking, financial services, and insurance. Founded in 1992 and headquartered in Bangalore, India, the company has grown to approximately 30,000 employees with a market valuation of approximately $5.5 billion. Mphasis is publicly traded on the National Stock Exchange of India and is majority-owned by Blackstone Group, which holds approximately 40% of the company.

The company maintains a dedicated insurance practice with over 4,000 insurance experts spanning process, technology, and back-office services across the Americas, UK, Continental Europe, and Asia. Mphasis serves clients across the entire insurance spectrum including Life, Annuity & Benefits, Property & Casualty, Specialty lines, and Brokerage segments, combining domain expertise with emerging technology capabilities.

Mphasis differentiates through its NeoIP AI platform and proprietary Wynsure policy administration system (through Mphasis Wyde), offering end-to-end insurance solutions from quotes to claims. The company has established partnerships with AI leaders like Sixfold to enhance underwriting capabilities and has been recognized for excellence in identity and access management at the 2025 Cybersecurity Excellence Awards.

## Products & services

### Wynsure Policy Administration System

A multi-language, multi-currency end-to-end insurance policy administration platform deployable on-premise or in the cloud, covering Life, Health, and P&C insurance lines.

**Key features:**

- End\-to\-end functional value chain from Quotes to Claims
- Support for Life, Disability, Accident, Critical Illness, Hospital Indemnity, Cancer, Dental, and Vision products
- Wynsure as a Service cloud\-based deployment option
- Multi\-line insurance product support with high customizability

*Target users:* Insurance carriers, group benefits providers, life and health insurers

### NeoIP AI Platform

An enterprise transformation platform featuring AI-driven solutions for continuous business improvement and competitive advantage.

**Key features:**

- Connected enterprise understanding layer unifying data, systems, and processes
- Core system rewiring for intelligent engineering
- Foundation for Mphasis Quantum initiative using quantum computing and AI
- Enterprise knowledge transformation capabilities

*Target users:* Enterprise carriers seeking digital transformation

### Insurance Digital Transformation Services

Comprehensive consulting and implementation services for insurance modernization across the value chain.

**Key features:**

- Underwriting automation and pricing optimization
- Claims processing and fraud detection
- Robotic process automation \(RPA\) implementations
- Data lakes and analytics solutions

*Target users:* Insurance carriers, brokers, MGAs

### Mphasis Customer Intelligence

A patented, omnichannel, digital 360-degree solution generating customer insights by correlating data from multiple touchpoints.

**Key features:**

- Cloud\-based solution with in\-depth domain expertise
- Customer data correlation from internal and external sources
- Flexible and customizable analytics
- Omnichannel engagement capabilities

*Target users:* Insurance carriers, customer experience teams

## Category & focus

- Subcategories: Core Administration, AI/ML Solutions, Process Automation, Policy Administration
- Insurance verticals: Life & Annuity, P&C, Health, Group Benefits, Specialty
- Target customers: Carriers, Brokers, MGAs, TPAs, Reinsurers

## Notable customers

- AIG Benefit Solutions \(Wynsure implementation\)
- Major French car manufacturer captive insurance company
- Multiple global insurance providers \(names undisclosed\)

## Links

- Website: <https://www.mphasis.com>
- Directory profile: <https://insurtechlist.com/companies/mphasis/>
- Careers: <https://www.mphasis.com/home/careers.html>
- Twitter: <https://twitter.com/Aboraboramedia>
- Linkedin: <https://www.linkedin.com/company/mphasis>
- Investors: <https://www.mphasis.com/home/investors.html>
- Leadership: <https://www.mphasis.com/home/corporate/leadership.html>
- P&c insurance: <https://www.mphasis.com/home/industries/insurance/property-casuality.html>
- Life & annuity: <https://www.mphasis.com/home/industries/insurance/life-and-annuity.html>
- Wyde \(wynsure\): <https://www.wyde.com>
- Insurance services: <https://www.mphasis.com/home/industries/insurance/services.html>
- Specialty insurance: <https://www.mphasis.com/home/industries/insurance/specialty-insurance.html>

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*Last updated: 2026\-03\-25*