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Coforge shares gain over 2% after unveiling agentic AI platform for insurance industry
Coforge's stock saw a boost following the launch of its "Nexa Agentic AI Platform," designed to enhance the global insurance industry. This innovative platform integrates AI capabilities over existing systems, aiming to accelerate product launches, improve underwriting efficiency, and streamline
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Coforge Launches Nexa Agentic AI Platform to Industrialize Intelligent Insurance Operations
Coforge Limited today announced the launch of 'Nexa Agentic AI Platform', a next generation insurance business platform designed for the global insurance industry, marking a significant advancement in how insurers operationalize AI to drive measurable business outcomes. Nexa Agentic AI Platform is
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Coforge launched the Nexa Agentic AI Platform, a next-generation AI-powered platform designed for the global insurance industry. The platform layers AI orchestration over existing systems to improve underwriting efficiency, accelerate product launches by 30%, and enable faster claims processing without requiring core system replacements. Built on over 30 insurance AI assets, it targets Property & Casualty, Life & Annuities, and Specialty insurance markets.
Coforge has launched the Nexa Agentic AI Platform, marking a significant step forward in how the insurance industry deploys artificial intelligence to drive measurable business outcomes
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. The agentic AI platform for insurance is designed to help carriers extract greater value from existing insurance platforms while accelerating time-to-market without disrupting core systems. Shares of Coforge rose more than 2% to their day's high of Rs 1,495 on the BSE following the announcement, reflecting investor confidence in this strategic move1
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Source: ET
Rather than forcing insurers to replace incumbent systems, the platform layers AI orchestration capabilities on top of existing infrastructure, combining Coforge's decades of platform and insurance industry expertise within the guardrails of leading platform providers
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. Built on the Coforge One AI platform, the Nexa Agentic AI Platform offers a marketplace of more than 30 insurance AI assets covering underwriting, claims, product development, customer service, and platform modernization1
. The modular and composable architecture allows insurers to deploy specific capabilities where impact is highest or adopt the full suite through an Insurance-in-a-Box model.The platform is purpose-built for the global insurance market across Property & Casualty, Life & Annuities, Specialty insurance, as well as managing general agents and intermediaries . It incorporates human oversight through human-in-the-loop design, full auditability, and measurable outcomes to address regulatory and operational requirements
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. Rajeev Batra, Executive Vice President and Global Practice Head of Insurance at Coforge, emphasized that the platform brings together the company's AI engineering maturity and deep insurance domain expertise to help clients scale impact with confidence2
.The platform introduces six flagship orchestrators spanning the insurance value chain with concrete performance targets. The AI-enabled Submission Center centralizes broker submissions and orchestrates data extraction, validation, and prioritization, increasing underwriting capacity by more than 30% through reduced manual effort
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. The Agentic State Rollout Factory automates rates, forms, and filings across jurisdictions, enabling more than 25% faster realization of new revenue while strengthening compliance2
.The AI-enabled Product Rollout Factory aims to accelerate product launches by 30% while improving quality and responsiveness to regulatory changes
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. For insurers looking to expand internationally, the Agentic AI Global Expansion capability provides a repeatable model for entering new markets without rebuilding configurations and regulatory frameworks for each geography2
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The Core Platform Modernization capability uses AI agents to decode legacy complexity, stabilize integrations, and automate regression testing, reducing total cost of ownership by more than 30% while accelerating modernization with minimal disruption
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. For claims processing, the Agentic Claims Triaging Center automates intake, triage, and routing while identifying fraud signals early, enabling more than 35% faster claims triaging and higher straight-through processing rates1
.These capabilities are designed around key insurance stakeholders including brokers, underwriters, claims adjudicators, and customer service agents, ensuring AI augmentation aligns directly with day-to-day decision-making and operational efficiency
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. Looking ahead, Coforge plans to progressively integrate insurance knowledge graphs into the platform to enhance insurance-specific reasoning across submissions, policies, claims, and customer interactions1
. The Nexa Agentic AI Platform will serve as a cornerstone of Coforge's insurance go-to-market strategy, enabling clients to scale AI adoption while preserving existing technology investments and maintaining compliance with platform guardrails2
. For insurers navigating digital transformation, this approach offers a pathway to industrialize intelligent insurance operations without the risk and cost of wholesale system replacement.Summarized by
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