Coforge

Global insurance IT services leader delivering digital transformation, AI-powered platforms, and core system modernization to carriers worldwide.

Insurtech Infrastructure Enterprise Public

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Overview

Coforge Limited (NSE: COFORGE) is a global IT services and digital transformation company with more than 30 years of experience serving the insurance industry. Formerly known as NIIT Technologies before rebranding in 2020, the company employs over 27,000 professionals across 30 global delivery centers in 24+ countries, including more than 6,000 dedicated insurance domain specialists.

Coforge serves insurance carriers, reinsurers, and Lloyd's market participants across the full value chain -- from core platform modernization and cloud migration to AI-powered automation and data analytics. The company was named a Leader in the Everest Group Insurance IT Services Specialists PEAK Matrix Assessment 2025, reflecting its depth of domain expertise and delivery scale in the sector.

In FY2025, Coforge posted 32.0% revenue growth in constant currency and signed 14 large deals, driven in part by strategic acquisitions including Encora (December 2025, USD 2.39 billion), Rythmos, and TMLabs. The company's proprietary AI platforms -- Quasar and Forge-X -- underpin its generative and agentic AI capabilities for insurance workflows.

Products & Services

Quasar AI Platform

Coforge's proprietary generative AI platform built for insurance-specific use cases. Quasar delivers AI-powered automation and intelligent decision support across underwriting, claims, and customer service workflows.

Key Features

Generative AI models trained on insurance domain data
Pre-built connectors to core insurance systems (Guidewire, Duck Creek)
Intelligent document processing and data extraction

Target Users: Insurance carriers seeking to embed AI into existing workflows

Forge-X Platform

An agentic AI platform for accelerating client onboarding, system integration, migration, and quality engineering. In April 2026, Coforge partnered with Solstice Innovations to establish a Center of Excellence (CoE) using Forge-X for P&C insurance modernization.

Key Features

Agentic AI orchestration for multi-step insurance processes
Automated system migration and integration tooling
Quality engineering and test automation for insurance platforms

Target Users: Carriers undertaking core system migrations or large-scale transformation programs

AgentSphere

AI-powered automation services delivering intelligent process automation across insurance operations.

Key Features

Robotic process automation (RPA) enhanced with AI
Insurance-specific automation templates
Integration with enterprise platforms (Salesforce, ServiceNow, Pega, Appian)

Target Users: Insurance operations teams seeking to reduce manual processing

Digital Engineering & Core Platform Services

End-to-end implementation, customization, and managed services for major insurance core platforms.

Key Features

Guidewire and Duck Creek implementation and support
Policy administration system modernization
P&C claims and underwriting transformation
Life and annuities system modernization

Target Users: Carriers replacing or upgrading policy administration, billing, and claims systems

Cloud & Infrastructure Services

Multi-cloud migration, DevOps, and infrastructure management for insurance organizations.

Key Features

Cloud migration to AWS, Azure, and GCP
DevOps and CI/CD pipeline implementation
Cybersecurity services
Global Capability Center (GCC) setup and management

Target Users: Carriers moving workloads to cloud or building offshore delivery capabilities

Data & Business Solutions

Data analytics, loss modeling, underwriting analytics, and business process services.

Key Features

Loss modeling and predictive underwriting analytics
Dispute management solutions
Business Process Services (BPS)
Data platforms and data engineering

Target Users: Carriers and reinsurers seeking data-driven decision support

At a Glance

Founded: 1992
Headquarters: Greater Noida, India
Employees: 1000+
Funding: Public

Category & Focus

Category: Insurtech Infrastructure
Subcategories: IT Services Digital Transformation AI Platforms Core System Implementation Cloud Services
Insurance Verticals: Life & Annuity P&C Personal P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers