Aflac Incorporated is a Fortune 500 company and the largest provider of supplemental insurance in the United States. Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households.

As part of the engagement, LTIMindtree will rearchitect Aflac's on-prem applications that are currently deployed on an out-of-support-platform. The cloud-first approach on AWS solution, built on reusable UI components and common business functionalities as services, will capitalize on the salient features of AWS tools such as Amazon CloudFront, AWS Key Management Service (KMS), AWS Secrets Manager, and Serverless components like Lambda to ensure that the solution design is in line with the AWS Well-Architected Framework, which is also secure and reliable.

Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree, said: “Powered by LTIMindtree's comprehensive end-to-end cloud migration expertise and factory-based delivery model and AWS' flexibility, scalability and reliability, we are confident in moving above operational challenges, including competition to deliver greater visibility, performance efficiency, cost optimization and services without any disruption.

Insurers today are seeking solutions that improve speed-to-market for new products while also managing escalating cost of operations, regulatory compliance, and security-related vulnerabilities.”

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale.

The company recorded 3.4% increase in consolidated net profit to Rs 1,152.3 crore in Q1 FY24 as against Rs 1,114.1 crore in Q4 FY23. Revenue from operations rose marginally to Rs 8,702.1 crore during the quarter from Rs 8,691 crore posted in Q4 FY23.

The scrip shed 0.99% to currently trade at Rs 5042.05 on the BSE.