LTIMindtree, a tech consulting and digital solutions company, has entered into a memorandum of understanding (MoU) with Greece-based insurance company Eurolife FFH, as part of its efforts to promote widespread adoption of AI in India and Europe. The MoU, signed in the presence of Greek Prime Minister Kyriakos Mitsotakis, outlines plans for Eurolife FFH to establish a generative AI and digital hub in Athens, focusing on innovative solutions for the insurance sector in Greece. LTIMindtree, a Larsen & Toubro Group company, will contribute deep domain expertise and support from its dedicated facilities in Poland and Mumbai.

Under this partnership, professionals from both companies will undergo specialized training in generative AI and digital transformation to develop cutting-edge products and services. The collaboration aims to transcend borders and algorithms, shaping the future landscape of artificial intelligence and digital transformation.

The multi-million-dollar partnership is expected to facilitate the widespread adoption of AI and digital solutions across various industries, including insurance, banking, shipping, and manufacturing. Eurolife FFH's CEO, Alexandros Sarrigeorgiou, sees this collaboration as a step toward a future where generative AI and digital innovation drive business success and enhance customer experiences.

Sudhir Chaturvedi, President and Executive Board Member of LTIMindtree, highlights the merging of LTIMindtree’s innovation capabilities with Eurolife FFH’s domain expertise, creating a platform for accelerated adoption of new technologies. The collaboration aims to address the industry’s challenges and set new benchmarks in domestic and international markets.