Coforge Joins ACORD to Enhance Digital Insurance Solutions

Coforge announced a strategic partnership with ACORD Solutions Group through its Licensed Integrator Partner (LIP) program. Together, the collaboration aims at changing insurance operations with automation in submissions, placement, accounting, and claims data exchange for brokers, insurers, and reinsurers globally.

The alliance will utilize ACORD's leading-edge technologies, such as Transcriber Intelligent Document Processing and ADEPT-a real-time cloud-based digital platform for data exchange. These innovations will make the integration process between brokers and carriers smoother, while also supporting the 'Blueprint Two' initiative of the London Market.

With AI-powered document extraction models, Coforge’s clients can seamlessly digitize essential insurance documents such as submissions, contracts, and claims. The solution will also enable efficient digital data exchange for placement, accounting, and claims with global trading partners, accelerating modernization across the insurance industry.

This collaboration empowers Coforge clients with cutting-edge tools to enhance operational efficiency and drive market-wide digital adoption.

Rajeev Batra, EVP & Head Insurance, Coforge stated, “At Coforge, we have established strategic partnerships with leading core platform providers. These alliances have positioned us as market leaders in driving core transformation for our insurance clients. Our partnership with ACORD Solutions Group signals a significant step forward in developing connected enterprise solutions that are not only industry-leading but also future-ready”.