Coforge Limited shares rose by 5.19% to ₹1,537 on Tuesday following the announcement of its new Nexa Agentic AI Platform, which aims to enhance insurance operations globally. The Greater Noida-based IT firm saw its stock open at ₹1,472.20, reaching a peak of ₹1,538.50, compared to the previous close of ₹1,461.20, indicating strong market enthusiasm for the new offering.
The Nexa platform, leveraging Coforge’s existing One AI infrastructure, integrates AI capabilities into insurers’ current systems without disrupting core operations. This approach is intended to facilitate measurable operational improvements while minimizing disruption. The platform includes a marketplace featuring over 30 AI assets that cover various areas such as underwriting, claims processing, product development, customer service, and platform modernization.
Key components of the platform include six core orchestrators. The AI-enabled Submission Center is designed to increase underwriting capacity by over 30%. The Agentic State Rollout Factory aims to accelerate new revenue realization by 25% through automated regulatory filings across various jurisdictions. Furthermore, the Product Rollout Factory claims to shorten product launch timelines by 30%. Additional features consist of a global expansion module, a legacy modernization tool aimed at reducing total ownership costs by over 30%, and a Claims Triaging Center that enhances claims triage speed by more than 35%.
The modular design of the platform allows insurers to implement specific components or the complete package via Coforge’s Insurance-in-a-Box model. This solution targets sectors such as Property & Casualty, Life & Annuities, Specialty carriers, as well as Managing General Agents (MGAs) and intermediaries.
Rajeev Batra, EVP and Global Practice Head of Insurance at Coforge, stated that the platform integrates the company’s AI engineering skills with extensive insurance sector expertise, enabling clients to scale confidently.
Coforge positions itself as an AI-native engineering services provider, highlighting the Nexa platform as central to its future strategy in the insurance market.
Published on June 2, 2026.
