Coforge has recently informed executives that the company entered into a strategic partnership with ACORD Solutions Group as part of its Licensed Integrator Partner (LIP) program. This collaboration aims to modernize insurance processes, focusing on automated submissions, placement, accounting, and claims data exchange for brokers, insurers, and reinsurers worldwide.
The partnership will leverage ACORD’s advanced technologies, including the Transcriber Intelligent Document Processing solution and ADEPT, a real-time, cloud-based digital data exchange platform. This will streamline integration between brokers and carriers, while also supporting the London Market’s ‘Blueprint Two’ initiative.
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.”
