Key Points
- Coforge has teamed up with ACORD Solutions Group to drive digital transformation in insurance.
- The partnership gives Coforge access to ACORD’s Transcriber and ADEPT platforms for smart document processing and data exchange.
- Coforge will improve key insurance processes like document digitization, claims management, and submissions.
- Coforge’s shares increased by ₹51.40 or 0.58% on the NSE.
- Both companies are working to improve data standardization and digitalization in the insurance industry.
Looma News
Coforge Ltd has announced a new strategic partnership with ACORD Solutions Group to drive digital transformation in the global insurance sector. This partnership marks Coforge’s entry into ACORD’s Licensed Integrator Partner (LIP) program and focuses on delivering innovative technology solutions for insurance data exchange.
The deal allows Coforge to use ACORD’s Transcriber and ADEPT platforms, which are designed to improve document processing and enable real-time digital data exchange. These tools will help Coforge’s clients improve key insurance processes like document digitization, contract management, accounting records, and claims management.
Rajeev Batra, Executive Vice President and Head of Insurance at Coforge, emphasized that the partnership supports the company’s larger goal of developing connected enterprise solutions. Chris Newman from ACORD Solutions Group called the partnership an important step toward standardizing data exchange and advancing digitalization in the insurance industry.
Coforge, a global provider of digital services with 30 delivery centers across 22 countries, continues to push innovation in key sectors by using emerging technologies like AI, Cloud, and Automation to transform business operations.
At the time of the announcement, Coforge’s shares were trading at ₹8,970, up ₹51.40 or 0.58% on the NSE at 11:41 am.
