Coforge launches AI insurance platform as stock rises 4%
Coforge shares jumped 4.29% on Tuesday after the Greater Noida-based IT services company unveiled Nexa, an AI platform built for insurance operations. The stock traded at Rs 1,523.90 on the NSE in afternoon trading.
Nexa integrates into existing insurance systems without replacing core platforms. The platform offers over 30 AI-powered solutions across underwriting, claims management, product development, customer service, and legacy modernization.
What product teams need to know
For product development professionals, the most relevant feature is the Product Rollout Factory, which Coforge says can shorten product launch timelines by 30%. The platform uses a modular architecture, allowing teams to deploy individual solutions or the entire suite.
Other modules address specific operational pain points. The AI-enabled Submission Center increases underwriting capacity by over 30%. The Agentic State Rollout Factory accelerates revenue generation by 25% through automated regulatory filings. A Claims Triaging Center improves triage speed by over 35%.
The platform targets Property & Casualty insurers, Life & Annuities providers, specialty insurers, managing general agents, and intermediaries.
How Nexa fits into Coforge's broader strategy
Nexa builds on Coforge's One AI infrastructure, combining the company's AI engineering capabilities with insurance domain expertise. An "Insurance-in-a-Box" model lets organizations deploy the full suite at once, while a legacy modernization tool aims to reduce total cost of ownership by over 30%.
Rajeev Batra, EVP and Global Practice Head of Insurance at Coforge, said the platform helps insurers scale operations with confidence by combining AI engineering with deep insurance knowledge.
For professionals working in product development within insurance, AI for Product Development and AI for Insurance offer relevant learning paths covering these operational areas.
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