Princeton, NJ, December 10, 2024 – Coforge (NSE: COFORGE), today announced a partnership with ACORD Solutions Group and is part of the Licensed Integrator Partner (LIP) program. This partnership will drive automated submissions placing, accounting, and claims data exchange across its global broker, insurer, and reinsurer clients.
ACORD Solutions Group’s Licensed Integrator Partner community is made up of solution and service providers alongside other industry stakeholders working to drive market-wide adoption of capabilities that modernize the global insurance industry. As part of the partnership Coforge will leverage ACORD Transcriber- Intelligent Document Processing solution and ADEPT- a real-time, cloud-based digital data exchange platform to enable easier integration between brokers and carriers as well as support carrier integration with the London Market’s ‘Blueprint Two’ market modernization initiative.
Through this strategic partnership, Coforge will empower its clients with access to advanced AI-powered extraction models. This innovative technology will enable the seamless digitization of crucial insurance documents, including submissions, contracts, accounting records, and claims. Additionally, Coforge’s clients will benefit from the ability to effortlessly send and receive digital data for placement, accounting, and claims with their global trading partners.
Chris Newman, President International, ACORD Solutions Group, commented, “This partnership with Coforge marks a key step towards driving greater adoption of standardized data exchange and enhancing digitalization across the insurance industry. We’re happy to see the LIP community grow and help drive efficiency across the market.”
Rajeev Batra, EVP & Head Insurance, Coforge said, “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.”
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at WWW.ACORDSOLUTIONS.COM.
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on select industries, a deep domain understanding of the underlying processes of those industries and partnerships with leading technology platforms enables us to be a trusted partner of our clients in their transformation initiatives. Coforge leads with its Product Engineering approach and leverages AI, Cloud, Data, Integration and Automation technologies to transform businesses into intelligent, high growth enterprises. The firm has 30 global delivery centers and are present in 22 countries.