Coforge Launches Nexa Agentic AI Platform; Shares Jump 5%

Mumbai, June 02: Coforge Limited has launched the Nexa Agentic AI Platform, a next-generation business platform designed for the global insurance industry, according to a company announcement submitted to stock exchanges.

The platform aims to help insurers deploy artificial intelligence across core business functions without replacing existing systems. Instead, it sits on top of current insurance platforms, using AI orchestration to improve operational efficiency, automate workflows and accelerate decision-making.

Coforge said the platform includes more than 30 insurance-focused AI assets spanning underwriting, claims, customer service, product development and platform modernization.

Among its key capabilities are an AI-powered submission centre for underwriting, automated state rollout tools, product launch automation, global expansion support, core platform modernization and AI-driven claims triaging.

According to the company, the platform can help insurers increase underwriting capacity by more than 30%, reduce product launch timelines by 30%, accelerate new revenue realization by over 25% and improve claims triaging efficiency by more than 35%.

Stock Market Snapshot

The announcement was well received by the market, extending the stock’s strong upward momentum.

As of 11:06 AM IST on June 02, 2026, Coforge shares were trading at ₹1,536.80, up 5.19% from the previous close.

The Coforge share price gained sharply after the company unveiled the new AI platform, reflecting investor optimism around the firm’s growing focus on artificial intelligence-led transformation services.

The move also reinforces Coforge’s strategy of building industry-specific AI solutions rather than offering generic automation products, an area that continues to attract strong client spending globally.

Company Background

Coforge is an AI-native engineering and digital services company serving clients across insurance, banking, travel, healthcare and other industries.

The company combines cloud, data, AI and engineering expertise to help enterprises modernize technology systems and improve operational efficiency. Insurance remains one of Coforge’s key verticals, with the company having built deep domain expertise through years of industry-focused technology engagements.

Through Nexa Agentic AI, Coforge is seeking to strengthen its position in the rapidly evolving enterprise AI market by offering insurers production-ready solutions tailored to industry workflows.

Conclusion

The launch of Nexa Agentic AI Platform marks another step in Coforge’s efforts to expand its AI-led offerings for enterprise customers.

While the platform’s commercial impact will depend on client adoption, investors responded positively to the announcement, viewing it as a strategic enhancement to Coforge’s insurance technology portfolio and broader AI growth ambitions.

Source:

• https://www.nseindia.com/get-quote/equity/COFORGE/Coforge-Limited
• https://nsearchives.nseindia.com/corporate/COFORGE_02062026092436_Press_Release_June_02.pdf