Coforge trades higher on partnering with ACORD Solutions Group
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Coforge is currently trading at Rs. 8987.10, up by 68.30 points or 0.77% from its previous closing of Rs. 8918.80 on the BSE.
The scrip opened at Rs. 8900.00 and has touched a high and low of Rs. 9014.20 and Rs. 8858.15 respectively. So far 5544 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9,014.20 on 10-Dec-2024 and a 52 week low of Rs. 4291.05 on 09-May-2024.
Last one week high and low of the scrip stood at Rs. 9014.20 and Rs. 8682.60 respectively. The current market cap of the company is Rs. 60170.10 crore.
The Institutions and Non-Institutions held 90.25% and 9.75% stake in the company respectively.
Coforge has entered into 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, the company 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, the company 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.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
