Hyderabad-headquartered ForaySoft, a global consulting and systems integration firm, has partnered with US-based ES Search Consultants to develop modular technology components for the insurance sector. This collaboration aims to deliver AI-driven tools that integrate directly into insurers’ operational systems.
The initiative is designed to enhance efficiency, agility, and customer trust for insurance carriers. These solutions are intended to complement existing technology stacks and address the competitive demands of the insurance market, providing practical utilities rather than abstract platforms.
The partnership will focus on developing several key automation modules. These include tools for intake and triage in claims workflows, pre-built risk scoring engines that leverage structured and behavioral data, and fraud pattern tracking tools compatible with Special Investigations Unit (SIU) workflows.
Mrudula Munagala, President at ES Search Consultants, stated, “Together we are developing and delivering AI driven insurance tech tools that can be embedded directly into carriers’ operational systems. These aren’t abstract platforms, they are task-specific utilities designed with underwriters, adjusters, and fraud teams in mind. Through our solutions insurers gain greater efficiency, agility, and customer trust, delivering outcomes that matter in a competitive market.”
ForaySoft, which specializes in combining domain expertise with next-gen AI innovation, currently employs over 40 experts and plans to hire 100 more across its engineering and delivery teams. The firm is also expanding its AI Center of Excellence in Hyderabad.
Vasu Babu Vajja, managing director of ForaySoft, commented, “This move aligns with ForaySoft’s vision of combining deep domain expertise with next-gen AI innovation to serve sectors that are ripe for transformation. We plan to expand our AI Center of Excellence and roll out pilot programs with key insurance clients across India, the US, and the Middle East in 2025.” Pilot programs with insurance clients across India, the US, and the Middle East are being prepared for fiscal year 2025-26.
