LTIMindtree to setup Gen AI and digital hubs in Europe, India with Eurolife FFH

Global technology consulting and digital solutions company LTIMindtree has joined forces with Eurolife FFH, an Athens-based insurance company, to establish generative artificial intelligence (Gen AI) and Digital Hubs in India and Europe.  

The Memorandum of Understanding (MoU) signed between the two companies will pave the way for the creation of these hubs in Greece’s capital Athens, as well as dedicated facilities in European country Poland, and India’s financial capital Mumbai. 

As part of this collaboration, Eurolife FFH will establish a Gen AI and Digital Hub in Athens to develop innovative solutions for the insurance sector in Greece. Simultaneously, LTIMindtree will contribute deep domain expertise and support from its dedicated facilities in Poland and Mumbai. 

Professionals from both companies will undergo specialised training in Gen AI and Digital Transformation. The goal is to develop cutting-edge products and services that enhance customer experience and operational efficiency in industries such as insurance, banking, shipping, and manufacturing. 

This partnership aligns with the Government of India's "Anusandhan" scheme, focused on catalysing innovation and research within the technology and startup ecosystem. 

Alexandros Sarrigeorgiou, CEO of Eurolife FFH, said, "This partnership is aligned with our ambition of leveraging the power of advanced technology to deliver innovation for our customers and partners. Our goal is to innovate; specifically in insurance space, and push boundaries to create solutions that meet evolving needs of customers across various other industries.”

This collaboration is a step towards a future where Gen AI and digital innovation will drive business success and enhance customers’ experience,” said Sarrigeorgiou.  

Sudhir Chaturvedi, President and Executive Board Member, LTIMindtree, said, "Our collaboration with Eurolife FFH forms a crucial part of our strategic roadmap, aimed at driving transformative growth for businesses by unlocking the true potential of Gen AI.” 

“By merging LTIMindtree’s innovation capabilities with Eurolife FFH’s domain expertise, we are staging a platform for an accelerated adoption of new technologies to address the industry’s most pressing challenges, while establishing new benchmarks in both domestic and international markets,” he further said.