Coforge Launches Nexa Agentic AI Platform to Industrialize Global Insurance Operations
Greater Noida, India/Princeton, NJ, USA – Coforge Limited, an AI-native engineering services leader, today announced the launch of the 'Nexa Agentic AI Platform.' This next generation insurance business platform is designed for the global insurance industry, marking a significant advance in how insurers can operationalize AI to drive measurable business outcomes.The Nexa Agentic AI Platform is engineered to help carriers extract greater value from their existing insurance platforms and accelerate time to market without disrupting core operations. Instead of replacing incumbent systems, the platform layers AI orchestration on top, combining Coforge's decades of platform and insurance industry expertise within the guardrails of leading platform providers.
Built on Coforge One AI platform, the solution features fully modular and composable orchestration agents. It is designed around human-in-the-loop oversight, ensuring full auditability and embedding rich insurance industry intelligence by design. The platform offers a marketplace of over 30 insurance AI assets, covering key workflows such as underwriting, claims, product development, customer service, and platform modernization.
Rajeev Batra, EVP & Global Practice Head of Insurance at Coforge, stated that the platform brings together the company's AI engineering maturity and deep insurance domain expertise. He added that the platform is purpose-built for the global market across Property & Casualty, Life & Annuities, and Specialty, as well as MGAs and intermediaries, addressing critical industry challenges through integrated, production-grade capabilities.
Key Capabilities of the Nexa Agentic AI Platform
The 'Nexa Agentic AI Platform' introduces a marketplace of Insurance AI assets, anchored by six flagship orchestrators that cover the entire insurance value chain and deliver specific operational improvements:| Orchestrator | Primary Function | Business Impact / Benefit |
|---|---|---|
| AI-enabled Submission Center | Centralizes broker submissions and orchestrates data extraction, validation, and prioritization at the front end of underwriting. | Enables faster turnaround, reduced manual effort, and increases underwriting capacity by more than 30%. |
| Agentic State Rollout Factory | Automates rates, forms, and filings across multiple jurisdictions. | Accelerates state launches while reducing cost and strengthening compliance, enabling more than 25% faster realization of new revenue. |
| AI-enabled Product Rollout Factory | Streamlines the product lifecycle through agent-driven automation. | Enables 30% faster launch timelines, improved quality, and greater responsiveness to regulatory changes. |
| Agentic AI Global Expansion | Provides a repeatable model for entering new markets. | Eliminates the need to rebuild configurations and regulatory frameworks for each new geography. |
| Core Platform Modernization | Uses AI agents to decode legacy complexity, stabilize integrations, and automate regression. | Accelerates modernization with minimal disruption and reduces total cost of ownership by more than 30%. |
| Agentic Claims Triaging Center | Automates intake, triage, and routing while identifying fraud signals early. | Improves efficiency, decision accuracy, and adjuster productivity, leading to more than 35% faster triaging and more straight through processing. |
These capabilities are tailored for key insurance personas, including brokers, underwriters, claims adjudicators, and customer service agents, ensuring AI augmentation aligns directly with day-to-day decision-making.
Looking ahead, the Nexa Agentic AI Platform is set to progressively integrate Insurance knowledge graphs, thereby deepening its insurance-native reasoning across submissions, policies, claims, and customer interactions.
Coforge stated that the platform will serve as a cornerstone of the company's insurance go-to-market strategy, allowing clients to scale AI adoption with confidence, while keeping current investments intact and adhering to platform guardrails. This approach aims to build a sustained competitive advantage in the rapidly evolving market.
COFORGE Stock Price Movement
Shares of Coforge Limited are rallying as of 9:27 AM, posting a 1.79% gain or ₹26.20 lift in live trading. The stock is seeing heavy interest, trading over 672,507 shares today, with its price currently ranging between ₹1462 and ₹1489.3.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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