Coforge rolls out Nexa Agentic AI platform for insurance industry; shares jump

Coforge shares took centre stage on Dalal Street in Tuedsay's trade after the Tier II IT firm announced the launch of 'Nexa Agentic AI Platform', a next-generation insurance business platform designed for the insurance industry. The largecap IT stock was among the top gainers during the session amid a rally across the IT basket.

According to Coforge, Nexa Agentic AI is designed to help consumers seek greater value from their current insurance plans and to keep pace with the market without disrupting the core. As per the engineering agency, it layers AI orchestration rather than replacing incumbent systems. Coforge claims that through agent-driven automation, AI enables 30 per cent faster launch timelines, improves quality and greater responsiveness to changes. The agentic claims triaging centre automates various intakes, triage and processes fraud signals early, improving efficiency with decision accuracy. It leads to more than 35 per cent faster straight-through triaging processing.

Its orchestration agents are fully modular and composable, making targets to adopt. Another feature of the AI system is the Insurance in a Box model, which is built around human-in-the-loop oversight with full audibility and measurable outcomes, Coforge said in an exchange filing.

According to the company, it has a market force of more than 30 insurance AI assets, including underwriting, claims, product development, customer service, and platform modernisation.

Coforge's six flagships orchestrators

Coforge said the ‘Nexa Agentic AI Platform’ introduces a marketplace of Insurance AI assets, anchored by six flagship orchestrators that span the insurance value chain:

• AI submission centre for data extraction, reducing manual labour and increasing capacity by 305
• Agentic rollout factory for rate automation, enabling and realising 25 per cent faster revenue generation.
• The product rollout factory making 30 per cent faster launch in operations
• The core platform modernisation capability reducing total cost of ownership by more than 30 per cent
• The agentic claims triaging, which will make triaging 35 per cent faster.
• The AI expansion capability for the same model for new markets and geography.

Coforge share price

At the time of filing this report, shares of Coforge were trading at Rs 1,516.60, up Rs 55.40, or 3.79 per cent, compared with the previous close.

The IT services company's shares opened at Rs 1,472.20 and touched an intraday high of Rs 1,554.00. The stock's intraday low stood at Rs 1,462.00. The company's market capitalisation was Rs 65.25K crore. The stock's 52-week high and low were Rs 1,994.00 and Rs 1,008.10, respectively.

At the current levels, the Coforge stock has lost 8.4 per cent of its value so far this year, while the Nifty 50 and Nifty IT indices have declined 10 per cent and 18 per cent, respectively.