surged 5.19 per cent to ₹1,537 on Tuesday after the Greater Noida-based IT firm announced the launch of Nexa Agentic Platform, an AI-driven insurance operations platform targeting carriers globally.
The stock opened at ₹1,472.20, touched a high of ₹1,538.50 against a previous close of ₹1,461.20, reflecting strong market response to the announcement.
The Nexa platform is built on Coforge’s existing One AI infrastructure and is designed to layer AI capabilities onto insurers’ current systems rather than replace them. The company says this approach avoids core disruption while enabling measurable operational improvements. It offers a marketplace of over 30 insurance AI assets covering underwriting, claims, product development, customer service, and platform modernisation.
The platform ships with six core orchestrators. An AI-enabled Submission Center promises to boost underwriting capacity by more than 30 per cent. An Agentic State Rollout Factory targets 25 per cent faster new revenue realisation by automating regulatory filings across jurisdictions. A separate Product Rollout Factory claims 30 per cent faster product launch timelines. The platform also includes a global expansion module, a legacy modernisation tool that aims to cut total cost of ownership by over 30 per cent, and a Claims Triaging Center that the company says can speed up claims triage by more than 35 per cent.
The platform is modular, allowing insurers to deploy specific components or the full suite through what Coforge calls an Insurance-in-a-Box model. It targets Property & Casualty, Life & Annuities, Specialty carriers, as well as MGAs and intermediaries.
Rajeev Batra, EVP and Global Practice Head of Insurance at Coforge, said the platform combines the company’s AI engineering capabilities with deep insurance domain knowledge to help clients scale with confidence.
Coforge describes itself as an AI-native engineering services company and positions Nexa as central to its insurance go-to-market strategy going forward.